|Bid||169.67 x 1000|
|Ask||169.60 x 800|
|Day's Range||169.41 - 171.23|
|52 Week Range||119.79 - 173.32|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||17.47|
|Earnings Date||Feb 10, 2020 - Feb 14, 2020|
|Forward Dividend & Yield||0.86 (0.51%)|
|1y Target Est||187.00|
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
Jones Lang LaSalle (JLL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
JLL (NYSE: JLL) was ranked number one among the largest U.S public companies in Real Estate and Housing, and number 10 overall in the list of America's Most Responsible Companies 2020, published for the first time by Newsweek.
The decision stems from the company shifting focus. For example, North American Properties also recently decided it would no longer pursue a similar mixed-use project in Dunwoody.
Zacks.com featured highlights include: Jazz Pharmaceuticals, Mr. Cooper Group, Sonic Automotive, Hibbett Sports and Jones Lang LaSalle
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger...
The week's top real estate stories include a look at the soaring land prices, along with rising costs for construction labor, which are fundamental reasons new Midtown apartments are becoming more expensive with each passing year.
"We will continue to work with mission-driven clients across the country, from New York to California, to fund affordable housing development," Mathew Wambua said.
Jones Lang LaSalle is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
White Castle won't be building a moat around its lone Florida location near Walt Disney World, according to retail real estate experts. The Columbus, Ohio-based hamburger chain likely will build more eateries in the Orlando area, and the Sunshine State, after opening its Florida restaurant by early 2021. The location will operate at Orlando-based Unicorp National Developments Inc.'s $1 billion O-Town West near Palm Parkway and Daryl Carter Boulevard.
White Castle — a nearly 100-year-old U.S. hamburger chain — plans to open its only Florida location near Walt Disney World. The fast-food eatery hasn't had a Florida presence in more than 50 years. The restaurant — known for its small square hamburgers — will operate at Orlando-based Unicorp National Developments Inc.'s $1 billion O-Town West near Palm Parkway and Daryl Carter Boulevard.
TORONTO , Nov. 21, 2019 /CNW/ -- A recent JLL survey shows Canadians have similar holiday shopping goals irrespective of age, location or gender. Black Friday is considered again this year as the starting point for the holiday shopping season with 28% of respondents planning to kick off their shopping at that time and through Cyber Monday. Additionally, close to 25% of shoppers picked Black Friday as the top deal day.
(Bloomberg Opinion) -- Hong Kong’s protests are damping real estate activity, spurring speculation of a long-overdue tumble in the city’s notoriously expensive housing market. Prices are likely to prove more resilient than some expect.Home transactions have dropped by more than half from this year’s peak in May, before the unrest began, to 3,447 in September and 4,001 last month, figures from the Hong Kong Land Registry show. While the series is volatile, that’s about a fifth below the average number of monthly sales in the past five years. Amid worsening violence in November, the number of transactions in 15 housing estates tracked by Midland Realty International Ltd. slumped 78% last weekend from a month earlier.With tear gas and transport disruptions an almost daily occurrence across multiple districts, it’s hardly surprising that potential home buyers have been deterred from viewing apartments. Yet a widely followed index of prices compiled by Centaline Property Agency Ltd. has slipped only 4.4% from its high in June. The gauge has actually risen in the past two weeks.Three key factors combine to mitigate against a crash in what is regularly ranked as the world’s least affordable housing market: low interest rates, inadequate supply, and high levels of equity.Financing remains cheap. Hong Kong’s one-month interbank rate, against which most mortgages are priced, has risen sharply in November, to 2.53% from an average of 1.72% in October. That’s still relatively low on a longer-term perspective, though. One-month Hibor was above 5% in 2007 and peaked at more than 20% in 1998 during the Asian financial crisis, when property prices crashed. Moreover, many mortgages have a cap that’s determined by banks’ prime lending rates. HSBC Holdings Plc, the city’s biggest bank, reduced its prime rate last month for the first time in 11 years, by 12.5 basis points to 5%. That followed a cut in the Hong Kong Monetary Authority’s base rate. Hong Kong interest rates track those in the U.S. because of the local currency’s peg to the dollar; the Federal Reserve has lowered its target three times since July.Meanwhile, supply remains constrained. Hong Kong Chief Executive Carrie Lam has announced programs to boost construction of public housing, but these won’t bear fruit for years. Hong Kong has a 10-year supply target of 450,000 homes. Even if achieved, that goal is 10% less than projected demand, according to Bloomberg intelligence analyst Patrick Wong.The third pillar of support is relatively low leverage. Hong Kong home buyers have been forced to finance purchases with an increasing amount of equity as prices have climbed. The loan-to-value ratio for new mortgages dropped to 46% in September, from a peak of 69% in 2002, according to data from the Hong Kong Monetary Authority. The de-facto central bank tightened down-payment rules five times between August 2010 and February 2013 to combat speculation. Loans can finance a maximum 50% of the purchase price for the most expensive properties — those costing more than HK$10 million ($1.28 million) — under current rules.While low leverage won’t prevent prices from falling, it makes it harder for home owners to fall into negative equity and limits the risk of a self-perpetuating downward spiral of selling. Higher down payments make speculation more expensive and encourage owners to hang on to their real estate even in bad times.To be sure, there’s more that could go wrong. If the protests persist, they could start to infect Hong Kong’s financial markets, pressuring the currency and stocks. Growing instability could deter mainland Chinese buyers who have been a key driver behind the real estate boom, though their presence has already diminished as a result of anti-speculation measures targeted at non-residents. And a worsening of the U.S.-China trade conflict could tip Hong Kong’s economy deeper into recession.For the meantime, the market appears to be holding firm. These days, declining sales volumes don’t necessarily translate into a slump in prices. The two have diverged since 2010 when the government started tightening mortgage rules and imposing special sales taxes, according to Cathie Chung, senior director of research at real estate broker Jones Lang LaSalle Inc. Hong Kong property prices have more than tripled since the global financial crisis, defying repeated predictions of a tumble. No downturn has exceeded 15% in the past decade. This time may be no different. To contact the author of this story: Nisha Gopalan at firstname.lastname@example.orgTo contact the editor responsible for this story: Matthew Brooker at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
CHICAGO , Nov. 19, 2019 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX ; ZIPTMX ; ZIPIAX ; ZIPIMX ), announced that on November 7, 2019 its Board of ...
One of the nation's biggest credit unions plans to open a new branch in downtown Orlando. Jacksonville-based Vystar Credit Union expects to set up shop next to the Louisville, Kentucky-based Yum! Representatives with Vystar and JLL (NYSE: JLL), who handles leasing, declined to comment.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Aroundtown SA agreed to buy TLG Immobilien AG for 3.1 billion euros ($3.4 billion) in stock to create Germany’s biggest commercial landlord.The deal values TLG shares at 27.66 euros each, 3.2% more than Monday’s closing price, Luxembourg-based Aroundtown said in a statement. A tie-up would create a company with more than 25 billion euros of assets, bringing together the deal-making acumen of Aroundtown with the development expertise and prized Berlin portfolio of TLG.Key advantages of the merger will include cost savings, the execution of a “decent” development pipeline and the firm’s size as a listed company, “which could lead to the possibility of becoming a DAX candidate,” Baader Bank AG analyst Andre Remke wrote in a note to clients Tuesday.Intense competition for assets has pushed German commercial real estate prices to record highs, prompting public landlords to turn to mergers and acquisitions as a route to growth. The country is set to surpass the U.K. as Europe’s most active property market, as investors bet the region’s traditional growth engine will bounce back from its current economic malaise.“The transaction with Aroundtown is a unique opportunity for TLG to strengthen our presence in key cities in Germany as well as access new markets,” TLG said in the statement. The firm will be able to “attain a financial profile that would have been hard to achieve on our own.”Berlin BuildingsThe deal will enable the firms to exploit more of the potential development opportunities in TLG’s Berlin-heavy portfolio without saddling the company with excessive debt, TLG Chief Financial Officer Gerald Klinck said in an interview last month.The German capital has one of the lowest office vacancies and fastest growing rents in Europe. It’s on track for a vacancy rate of just 1.8% by the end of the year, according to broker Jones Lang LaSalle Inc., spurring landlords with older buildings to push ahead with redevelopment plans and seek higher rents.TLG climbed 2.8% to 27.55 euros at 11:10 a.m. on Tuesday in Frankfurt, while Aroundtown was little changed. The merger talks started in September.Ouram Holding SA, TLG’s largest shareholder with a 28% stake, has accepted the bid. The combined company will be renamed, but continue to have its German headquarters in Berlin.For more details on the deal, click here(Adds analyst comment in third paragraph)\--With assistance from Peter Vercoe and David Verbeek.To contact the reporters on this story: Andrew Blackman in Berlin at firstname.lastname@example.org;Jack Sidders in London at email@example.comTo contact the editors responsible for this story: Shelley Robinson at firstname.lastname@example.org, Chris BourkeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Officials around the mixed-use development have wanted Fattmerchant to move there for some time, now.
The former Denver Office of Economic Development executive director now leads JLL's four-state Rocky Mountain Region.
Twenty top executives were honored Nov. 14 at the Ritz Carlton, with a rock-star theme. Here's who they are, what they do and what they have to say.
The firms behind one of downtown Houston’s largest mixed-use office and retail developments have secured a $140 million refinancing.