JLL reported strong earnings from the office, industrial and data center sectors in the third quarter of 2026.
The brokerage firm is planning a $500 million share buyback program as revenue rises with 27 percent growth in leasing services and a 21 percent increase in capital markets business, JLL executives said Wednesday morning during a third-quarter earnings call. A strong close of the year is set to follow, they say.
“Our third quarter results reflect continued business momentum and continued progress in our operating initiatives,” Christian UlbrichJLL’s CEO, said during the phone call. “Continuous platform efficiency improvements translate top-line benefits into strong profit growth, healthy margin expansion and meaningful cash flow generation.”
Revenue increased 12 percent to $7.3 billion in the third quarter of 2026 compared to $6.5 billion in the same period last year, while net income was recorded at $319.8 million in the quarter ended September 30, a year-over-year increase from $222.8 million in the third quarter of 2025.
Funds from operations landed at $609.7 million in the third quarter of 2026 compared to $617.1 million in the third quarter of 2025.
The company also paid down significant debt, reducing its balance sheet to $858.7 million in the third quarter, compared to $1.1 billion in the second quarter of 2026.
Despite the upward trajectory, JLL experienced a slight slowdown in capital market transactions, which may continue into the fourth quarter. Ulbrich said that the interest rate increase, but he did not issue.
“Multifamily in the US has been more affected by rising interest rates than any other asset class so far,” Ulbrich said. “It may not be progressing as much as it has over the last few quarters, but we’re going to keep moving forward.”
Mark Hallum can be reached mhallum@commercialobsever.com.