Company: JLL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001037976-25-000025
Chunk: 55

Company: JONES LANG LASALLE INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 55
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ory fees$89.3 92.3 Transaction fees and other8.5 8.9 Incentive fees0.7 2.2 Revenue$98.5 103.4 Less:Platform compensation and benefits$58.3 61.3 Platform operating, administrative and other16.3 12.9 Gross contract costs8.2 8.4 Add:Other segment items0.1 0.2 Adjusted EBITDA$15.8 21.0 Depreciation and amortization$2.9 2.0 Equity losses$(6.1)(3.9)Software and Technology SolutionsThree Months Ended March 31,(in millions)20252024Revenue$57.1 53.9 Less:Platform compensation and benefits$45.5 47.3Platform operating, administrative and other14.5 10.5Gross contract costs0.7 1.2 Add:Other segment items0.7 — Adjusted EBITDA$(2.9)(5.1)Depreciation and amortization$6.3 4.5 Equity losses$(21.5)(1.0)

11

The following table is a reconciliation of Adjusted EBITDA to Net income attributable to common shareholders.Three Months Ended March 31,(in millions)20252024Adjusted EBITDA - Real Estate Management Services$66.3 71.4 Adjusted EBITDA - Leasing Advisory97.0 74.8 Adjusted EBITDA - Capital Markets Services48.6 25.0 Adjusted EBITDA - Investment Management15.8 21.0 Adjusted EBITDA - Software and Technology Solutions(2.9)(5.1)Adjusted EBITDA - Consolidated$224.8 187.1 Adjustments:Restructuring and acquisition charges$(19.7)(1.7)Interest on employee loans, net of forgiveness1.6 1.0 Equity losses - Investment Management and Software and Technology Solutions(1)(28.7)(4.9)Credit losses on convertible note investments(0.5)— Net non-cash MSR and mortgage banking derivative activity(12.9)(9.0)Interest expense, net of interest income(24.6)(30.5)Income tax provision(14.0)(15.9)Depreciation and amortization(