Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 125

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 125
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 facility and property management, project management, and portfolio and other services. We consider "Property Management" to be services provided to non-occupying property investors and "Workplace Management" to be services provided to facility occupiers. Leasing Advisory offers agency leasing and tenant representation, as well as advisory and consulting services. Our Capital Markets Services offerings include investment sales, debt and equity advisory, value and risk advisory, and loan servicing. Investment Management provides services on a global basis to institutional investors and high-net-worth individuals, while our Software and Technology Solutions segment offers various software products and services to our clients.

Segment operating expenses comprise Gross contract costs and Segment platform operating expenses, which includes Platform compensation and benefits; Platform operating, administrative and other expenses; and Depreciation and amortization. Our measure of segment results excludes Restructuring and acquisition charges.

Real Estate Management Services

% ChangeThree Months Ended September 30,Change inin Local($ in millions)20252024U.S. dollarsCurrencyWorkplace Management$3,423.6 3,164.6 259.0 8 %8 %Project Management967.9 771.3 196.6 2524Property Management461.1 452.3 8.8 22Portfolio Services and Other129.8 132.3 (2.5)(2)(3)Revenue$4,982.4 4,520.5 461.9 10 %10 %Platform compensation and benefits$475.2 436.4 38.8 9 %8 %Platform operating, administrative and other148.4 159.5 (11.1)(7)(8)Depreciation and amortization26.0 33.0 (7.0)(21)(22)Segment platform operating expenses649.6 628.9 20.7 32Gross contract costs4,255.5 3,829.9 425.6 1111Segment operating expenses$4,905.1 4,458.8 446.3 10%9%Equity earnings$0.1 1.1 (1.0)(91%)(80)%Adjusted EBITDA$102.2 94.5 7.7 8 %8 %

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Real Estate Management Services (continued)

% ChangeNine Months Ended September 30,Change inin Local($ in millions)20252024U.S.