5 Largest Property Management Companies in the US

3. Jones Lang LaSalle Inc (NYSE:JLL)

Number of Units Managed: N/A

Assets Under Management: $76.6 billion

Jones Lang LaSalle Inc (NYSE:JLL) is a global commercial real estate services firm with offices in 80 countries.

Jones Lang LaSalle Inc’s (NYSE:JLL) 2021 results demonstrated significant global expansion. The total revenue increased by 15% on a yearly basis to $19.4 billion, and the fee revenue rose to $8.1 billion, reflecting an increase of 31%. In comparison to 2020, the company posted an adjusted EBITDA of $1.5 billion, an increase of 73%. Furthermore, the diluted adjusted earnings per share increased by more than twofold to $19.47. As of December 31, 2021, Jones Lang LaSalle Inc (NYSE:JLL) reported assets under management worth $76.6 billion.

Here’s what Baron Funds said about Jones Lang LaSalle Inc (NYSE:JLL) in its Q3 2022 investor letter:

“Jones Lang LaSalle Incorporated (NYSE:JLL) is one of the leading commercial real estate services firms in the world with scale, product breadth, and leadership positions across its diversified real estate business segments.

It is currently valued at only 8 times estimated 2023 earnings per share versus a long-term average of 14 times earnings per share.

CBRE and Jones Lang LaSalle have scale, product breadth, and leadership positions across their diversified real estate business segments. They continue to gain market share and are well positioned to capitalize on ample attractive acquisition opportunities in the years ahead given strong and liquid balance sheets. Though we acknowledge that growth in certain segments of their businesses has slowed and is likely to remain pressured in the months ahead due to the global economic slowdown and higher interest rates, we believe both are attractively valued and present compelling return potential in the next few years.”