Jones Lang LaSalle Reports 2Q Results; Maintaining Our FVE
Jones Lang LaSalle reported second-quarter earnings generally in line with our expectations and previous management's 2017 outlook. We plan on maintaining our $123 per share fair value estimate and wide moat. While adjusted diluted EPS fell modestly year over year to $1.82 from $1.93, Jones Lang LaSalle posted a 14% increase in revenue, reflecting solid organic and M&A-fueled growth. Leasing and capital-market performance give us confidence that the real estate market remains strong, which s...Jones Lang LaSalle is a professional services firm that engages in real estate and investment management. The company delivers an array of services across four business segments. The company manage its Real Estate Services offerings across three geographic business segments: the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific, and the company manages its investment management business globally as LaSalle Investment Management. In its Americas, EMEA and Asia Pacific operating segments, the company provides a range of leasing, capital markets, integrated property and facility management, project management, advisory, consulting, valuations and digital solutions services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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