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News Release JLL Reports Strong First - Quarter 2021 Results Diluted earnings per share of $ 1.97 , up from $ 0.10 last year ; adjusted diluted earnings per share of $ 2.10 , up from $ 0.49 JLL CHICAGO , May 5 , 2021 — Jones Lang LaSalle Incorporated ( NYSE : JLL ) today reported operating performance for the first quarter of 2021 . . . Consolidated revenue was $ 4.0 billion and fee revenue¹ was $ 1.4 billion , decreases of 4 % and 7 % , respectively ° Transaction - based service lines reflected improving economic conditions , highlighted by outstanding rebound in Asia Pacific Property & Facility Management growth led by continued strength of Americas Corporate Solutions Overall margin expansion included о о о Valuation increases to JLL Technologies ' strategic proptech investments Year - over - year changes in loan loss credit reserves and the fair value of LaSalle's co - investment portfolio Cost mitigation benefits partially offsetting pandemic's impact to revenue Credit Facility maturity extended to 2026 ; sustainability commitments incorporated into Facility pricing " Our strong first - quarter results demonstrated JLL's commitment to delivering value to stakeholders across our global , scaled platform and reflected our investments in technology growth initiatives while prudently managing expenses , " said Christian Ulbrich , JLL CEO . " While the pandemic continues to cause global disruption , we are encouraged by promising economic signs that indicate 2021 can be a year of strong recovery . More than ever , ' One JLL , ' which brings together all our global service capabilities , puts us at a competitive advantage as we advise our clients on transitioning to a post- pandemic environment . " Summary Financial Results ( $ in millions , except per share data , " LC " = local currency ) Revenue Revenue before reimbursements Fee revenue Net income attributable to common shareholders Three months Ended March 31 , 2021 2020 % Change in % Change in USD LC $ 4,037.1 $ 4,096.0 ( 1 ) % 2,129.6 2,233.0 ( 5 ) ( 4 ) % ( 8 ) 1,442.7 1,505.2 ( 4 ) ( 7 ) $ 103.0 $ 5.3 n.m. n.m. Adjusted net income attributable to common shareholders ' 109.7 25.8 n.m. n.m. Diluted earnings per share Adjusted diluted earnings per share Adjusted EBITDA¹ $ 1.97 $ 0.10 n.m. n.m. 2.10 0.49 n.m. n.m. $ 190.1 $ 95.6 99 % 96 % Adjusted EBITDA , Real Estate Services 169.2 120.1 41 39 Adjusted EBITDA , LaSalle 20.9 ( 24.4 ) n.m. n.m. ( 1 ) For discussion of non - GAAP financial measures , see Note 1 following the Financial Statements in this news release . n.m .: not meaningful , represented by a percentage change of greater than 100 % , favorably or unfavorably . -continued-