Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 16

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 16
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1,162.6 Capital Markets Services520.3 457.6 955.6 835.2 Investment Management103.1 102.6 201.6 206.0 Software and Technology Solutions55.9 56.4 113.0 110.3 Total Revenue$6,250.1 5,628.7 11,996.5 10,753.2 The following table is a reconciliation of Adjusted EBITDA to Net income attributable to common shareholders.Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Adjusted EBITDA - Real Estate Management Services$106.6 88.6 $172.9 160.0 Adjusted EBITDA - Leasing Advisory120.4 112.1 217.4 186.9 Adjusted EBITDA - Capital Markets Services54.7 33.8 103.3 58.8 Adjusted EBITDA - Investment Management16.3 22.7 32.1 43.7 Adjusted EBITDA - Software and Technology Solutions(6.3)(10.9)(9.2)(16.0)Adjusted EBITDA - Consolidated$291.7 246.3 $516.5 433.4 Adjustments:Restructuring and acquisition charges$(21.3)(11.5)$(41.0)(13.2)Interest on employee loans, net of forgiveness2.0 1.3 3.6 2.3 Equity losses - Investment Management and Software and Technology Solutions(1)(27.0)(16.3)(55.7)(21.2)Credit losses on convertible note investments(0.2)— (0.7)— Net non-cash MSR and mortgage banking derivative activity(4.2)(11.8)(17.1)(20.8)Interest expense, net of interest income(35.3)(41.7)(59.9)(72.2)Income tax provision(26.7)(20.5)(40.7)(36.4)Depreciation and amortization(1)(66.7)(61.4)(137.4)(121.4)Net income attributable to common shareholders$112.3 84.4 $167.6 150.5 (1) This adjustment excludes the noncontrolling