Here’s What Lifted Jones Lang LaSalle Incorporated (JLL) in Q3

Baron Funds, an investment management company, released its “Baron Real Estate Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund delivered strong results in the quarter. The fund appreciated 10.25% (Institutional Shares) compared to the MSCI US REIT Index’s (the REIT Index) 4.49% and the MSCI USA IMI Extended Real Estate Index’s 5.65%. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as Jones Lang LaSalle Incorporated (NYSE:JLL). Jones Lang LaSalle Incorporated (NYSE:JLL) is a commercial real estate and investment management company. The one-month return of Jones Lang LaSalle Incorporated (NYSE:JLL) was 1.46%, and its shares gained 15.54% of their value over the last 52 weeks. On November 11, 2025, Jones Lang LaSalle Incorporated (NYSE:JLL) stock closed at $308.54 per share, with a market capitalization of $14.561 billion.

Baron Real Estate Fund stated the following regarding Jones Lang LaSalle Incorporated (NYSE:JLL) in its third quarter 2025 investor letter:

“Leading commercial real estate service company Jones Lang LaSalle Incorporated (NYSE:JLL) contributed positively to performance during the third quarter, aided by the company’s strong second quarter financial report, coupled with broad-based strength across its business. We expect JLL to continue benefiting from structural and secular tailwinds: the outsourcing of commercial real estate, the institutionalization of commercial real estate, and opportunities to increase market share in a highly fragmented market.

Looking forward, we continue to believe we are in the early days of a rebound in commercial real estate sales and leasing activity. We believe JLL may generate annual earnings per share growth of mid- to high teens in the next few years, and the company is currently valued at a discounted multiple of less than 15 times our estimate for next year’s earnings versus 17 to 18 times during prior early cycle periods.

Jones Lang LaSalle (JLL) Reports Strong Q4 Earnings, Advances AI-Powered Real Estate Solutions

Jones Lang LaSalle Incorporated (NYSE:JLL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 35 hedge fund portfolios held Jones Lang LaSalle Incorporated (NYSE:JLL) at the end of the second quarter, up from 33 in the previous quarter.  While we acknowledge the risk and potential of Jones Lang LaSalle Incorporated (NYSE:JLL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Jones Lang LaSalle Incorporated (NYSE:JLL) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Jones Lang LaSalle Incorporated (NYSE:JLL) and shared Baron Real Estate Fund’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.