JLL’s revenue for the start of 2022 was up by a fifth on the same period a year, lifted by fee growth from capital markets and advisory work.
In results for the three months to 31 March, the agency reported revenue of $4.8bn (£3.8bn) and fee revenue of $1.9bn, the latter more than a third ahead of Q1 2021.
The company pointed to a 54% rise in capital markets fee revenue and a 36% lift in markets advisory fee revenue.
Adjusted EBITDA was up by 44% in dollar terms at $273.6m.
Chief executive Christian Ulbrich said: “During the first quarter, we generated significant top-line growth across all of our business lines while inflation, supply chain challenges and the war in Ukraine continue to cloud the economic backdrop. We are well positioned to help our clients navigate a more uncertain macro environment and our strong capital position allows us to take advantage of opportunities in the marketplace.”
The results marked the first time JLL has reported numbers for global business lines rather than geography by geography.
However, in a presentation to accompany the results, the agency singled out several highlights from the EMEA region, including 25% growth in leasing revenue and a 75% jump in investment sales and debt/equity advisory.
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