JLL posts record revenue of $3.9b in 2012

Jones Lang LaSalle has reported record revenue of $3.9 bn in 2012, an increase of 12% on the year before.

Profit rose over 12% to $245 mln in 2012, from $215 mln a year earlier, the Chicago-based broker said.

'Our 2012 performance met our expectations, with a strong finish to the year in challenging global markets,' commented Chief CEO Colin Dyer. 'Again, we continue to secure market share growth, productivity improvements and expanded client relationships.'

Consolidated fee revenue growth for the full year was driven by solid leasing segment performance and continued growth in property & facility management, the broker said.

Leasing revenue grew 9% in local currency for the year, with the largest growth in the Americas. Property & facility management fee revenue rose 13% in local currency, while LaSalle Investment Management’s advisory fees decreased from 2011 due to significant asset and portfolio sales.

In the EMEA region, full-year revenue amounted to $1 bn, a 12% increase in local currency. Operating expenses, which include $5 mln of King Sturge intangibles amortization, were $1 bn for the year, an increase of 10% in local currency from 2011.