Jones Lang LaSalle has reported a strong earnings growth for the third quarter of 2013. Total revenue in the quarter grew by 19 percent over Q3 2012 to $1.107 billion, while the earnings per share increased to $1.49 from $1.23 a year earlier.
The strong results were driven by a 15 percent growth in fee revenues, reaching a total of $989 million. JLL’s Hotel & Capital Markets division increased its revenue by 46%, followed by a 26% revenue growth in the Property & Facility Management. The company performed well in all its geographic regions, recording double-digit growth in the Americas, Europe and Asia.
Investors have reason to be happy about the earnings report: the company’s board of directors announced a semi-annual dividend of $o.22 per share. The dividend payment will be made on December 13, 2013, to investors of record at the close of business on November 15, 2013.