JLL launches Property Assistant AI solution for real estate owners
JLL (JLL) announced JLL Property Assistant, an artificial intelligence assistant designed for real estate owners spanning retail, industrial, and office properties. Leveraging the power of JLL Falcon, its AI platform, JLL Property Assistant offers actionable insights and AI-derived recommendations to optimize property performance. The tool works with Acumen, JLL's property and business intelligence platform, and is designed to deliver AI-powered recommendations for improving performance in areas from operations to tenant sentiment.
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Proptech firms pull in funding to ramp up AI tools
This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. The proptech sector has been busy this month, led by notable fundraises, products and service announcements — all underpinned by the promise that artificial intelligence will change the way buildings are managed. Three main needs are driving investment in proptech: better building data management, operational efficiencies and tenant experiences, Jason Smith, executive vice president of property management at JLL, said during a Building Engines webinar earlier this year. 'Some of the technologies are so advanced that they'll connect into the building operation systems, which lead to real-time monitoring of energy. They can tell you when to start up your large equipment, leading to cost reductions and other efficiencies for the building team,' Smith said. 'Technology [also] leads to reduced manual tasks, because you can set up automation for emailing, updating tenants on their service request, and ultimately, all this leads to the tenant experience enhancement.' AI in particular is expected to improve underwriting, asset selection and risk modeling for real estate investors, with the most investable proptech companies being those that solve challenges in real estate operations, according to a podcast featuring CBRE Head of Global Digital Partnerships Connor Hall and Fifth Wall CEO Brendan Wallace. Funding provided by commercial service firms is especially notable, as investing in proptech can give them early access to innovations that can help them enhance asset performance, reduce costs and create competitive differentiation, per the report. Here's a look at three proptech companies and how their technology is working to change facilities management. Runwise completed a $55 million series B financing round that it will use to support innovation, expand its team and enter into new core markets, the company announced June 9. The company's smart operating system for buildings is installed in more than 10,000 buildings across the U.S., and it has over 1,000 customers, including real estate owner-operators like Related, MTA, Port Authority, National Grid and Douglas Elliman. The firm's vertically integrated platform combines proprietary hardware, wireless connectivity and cloud-based software to automate and optimize building operations, featuring rapid deployment and a typical payback period under five months, Runwise said. "More than 150 of our buildings have installed Runwise, and in most buildings we have seen up to 30% in energy savings, while making the buildings more comfortable, and easier to manage,' John Skipper, director of energy management at First Service Residential, said in a statement. 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The company says its platform simplifies operations for stakeholders — including property managers, owners and engineers — by consolidating communication, task management and insights into a single interface. This eliminates the need for multiple disconnected tools and supports a range of property types, including office buildings, life science campuses, retail centers, industrial facilities and medical offices, Cove said. MRI Software introduced new AI-enhanced finance and accounting capabilities that will ensure its clients 'remain at the forefront of PropTech innovation,' the company said in a June 2 release. These new capabilities, made possible through the firm's MRI Agora platform, include an agentic AI-based workflow that is expected to shorten the time spent on month-end close processes while ensuring that finance and accounting teams can maintain human oversight and control, MRI Software said. An AI chatbot, Ask Agora, will help users to interact with their real estate data in natural language. The tool features an in-page AI assistant that can provide contextual insights, recommendations and guidance that can boost productivity and drive decision-making, per the release. For example, an operator could use Page Assistance to understand a tenant's outstanding debts and then prompt it to create and send a communication reminding the tenant to pay, MRI Software says. Recommended Reading Vendors streamline integrations as operators seek unified systems: Realcomm IBcon
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2 days ago
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This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. After growing steadily throughout 2024, the U.S. life sciences real estate sector is experiencing turbulence in 2025 due to business uncertainty, which resulted in a sharp drop-off in demand for lab space during the first quarter, according to a report by JLL. Oversupply increased slightly year over year, with the more than 200 million square feet of U.S. lab market space needing 20 million to 25 million square feet of net absorption or supply reduction to return to market equilibrium, JLL says in its 2025 life sciences property report. 'Barring an unforeseen and substantial growth spurt of demand, the likeliest outcome of this period of oversupply is that well-built and well-located buildings will gain market share,' JLL says in the report, noting that landlords with scale and experience in the space are out-leasing their competition. 'Buildings without those aspects will face increased odds of distress in the next 12-24 months.' Although there are high-potential labs in need of updated operations and working capital to provide opportunities, the firm anticipates a supply shake-up, with many building owners unable to wait indefinitely for markets to recover, per the report. Today, smaller deals are driving market activity, making up 76% of deals closed in the first quarter, JLL said. The firm noted that reductions in tenant demand across the U.S. — influenced by macroeconomics, policy and funding uncertainties — suggest 'muted leasing volume growth' through 2025 as the sector grapples with 'a rocky decision-making environment.' JLL says sustained elevated supply has led to significant downward pressure on rents in key markets, namely Boston, the Bay Area and San Diego. Midsize markets —such as the greater Washington, D.C., area; New Jersey; and Raleigh-Durham, North Carolina — occupy a more stable middle ground, showing 'decent availability levels and moderate rent changes,' JLL says in its report. There is relative resilience in the U.S. life sciences workforce, coupled with right-sizing and life sciences tenants using their space more efficiently, according to Ian Anderson, senior director of research for life sciences at CBRE. 'It's actually helping stem some of the negative effects of oversupply of life sciences real estate we've seen over the last few years,' Anderson said on a CBRE webinar. 'Though we have a while to go to address some of the oversupply in the life sciences real estate space, we are headed in the right direction … with tenants becoming more efficient with space,' Anderson said. JLL echoed this sentiment, noting that owners of struggling buildings experiencing elevated vacancy levels have started to change uses, leading to a reduction in built lab space that could help to alleviate oversupply. The firm says that it is tracking 3.2 million square feet in the process of changing uses, with half of this due to a pivot toward or lease to a new user type, with the other half due to capital challenges. One such potential user type is AI-focused tech firms, which are experiencing significant growth and are in need of space, according to CBRE. While the flight to quality has already begun to force office occupiers to consider less-than-prime buildings, the life sciences sector still has a large supply of high-end buildings available in top markets like San Francisco, according to Mary Hines, vice chair of life sciences in the San Francisco Bay Area at CBRE. 'What we saw during the pandemic was that developers spent a lot of money building out Class A life science buildings, a number of those are still available and in shell condition,' Hines said. 'The ones located in the right locations are going to need to catch the eye of these fast-growing AI companies that need space.' In addition, both life sciences and AI companies share a growing need for reliable power. 'Given the long lead times in the Bay Area for power, and how difficult it is to get if your building doesn't have it, that is creating a lot of demand for buildings that have power in place,' Hines said. 'So I do predict that we're going to likely see a lot of these Class A life science projects get leased by AI companies.' In addition, there are opportunities for tenants to relocate manufacturing functions — those that are normally pushed to tertiary or secondary markets due to the high cost of building — to be closer to headquarters, which are usually situated in the core markets. We've seen the softening of rents, and landlords have been more competitive in actually giving more tenant improvement dollars,' Hines said. 'So that creates the potential for these companies to locate their manufacturing nearby.' Recommended Reading AI set to spur changes in life sciences facility needs Sign in to access your portfolio
Yahoo
11-06-2025
- Yahoo
JLL Q1 Earnings Call: Management Highlights Resilient Growth and Market Uncertainty
Real estate firm JLL (NYSE:JLL) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 12.1% year on year to $5.75 billion. Its non-GAAP profit of $2.31 per share was 5.8% above analysts' consensus estimates. Is now the time to buy JLL? Find out in our full research report (it's free). Revenue: $5.75 billion vs analyst estimates of $5.52 billion (12.1% year-on-year growth, 4.1% beat) Adjusted EPS: $2.31 vs analyst estimates of $2.18 (5.8% beat) Adjusted EBITDA: $224.8 million vs analyst estimates of $210.7 million (3.9% margin, 6.7% beat) Operating Margin: 2.1%, in line with the same quarter last year Market Capitalization: $11.27 billion JLL's first quarter results were driven by broad-based gains across both resilient and transactional business lines, building on momentum from the second half of last year. CEO Christian Ulbrich credited strength in leasing and debt advisory activities, which benefited from increased market activity and growing demand for end-to-end real estate management. The newly restructured real estate management services segment also contributed meaningfully, with workplace management and project management both seeing growth from client wins and expanded mandates. Management cited ongoing investments in technology and human capital as supporting factors for these outcomes, though they acknowledged some incremental costs tied to integrating property management operations. The company noted that market fundamentals, especially in office and industrial leasing, continued to improve, with office leasing revenue surpassing 2019 levels. However, management indicated that some client decision-making slowed late in the quarter amidst rising macroeconomic and policy uncertainty. Looking ahead, JLL's guidance reflects confidence in its diversified platform, but management expressed caution given shifting economic conditions and policy volatility. CEO Christian Ulbrich stated, 'the current environment has increased the uncertainty and has decreased the visibility,' emphasizing that continued policy changes—such as rolling tariff extensions—could impact client activity and transaction timing. CFO Karen Brennan noted the potential for slower workplace management growth as the firm laps strong prior-year contract wins, and flagged that certain clients are delaying decisions in response to macro developments. Management maintained its full-year adjusted EBITDA target, but highlighted that moderation in economic growth or shifts in interest rates could affect both transaction volumes and capital raising activity. While the company's sales pipelines remain healthy, leadership stressed that the timing and pace of deal closings will be influenced by external factors beyond JLL's control. Management attributed the quarter's results to robust client demand for integrated real estate solutions, strong performance in debt advisory, and continued expansion of its resilient business lines. Recent investments in technology and platform integration were also highlighted as key contributors. Leasing and debt advisory momentum: The company's leasing and investment sales operations experienced double-digit growth, with debt advisory revenues up over 45% year-over-year, driven by improved liquidity and higher client activity in the U.S. and select global markets. Real estate management services expansion: Workplace management and project management both contributed to revenue growth, supported by new client wins, mandate expansions, and ongoing investments in technology—including artificial intelligence—to enhance service delivery. The integration of property management into this segment was accompanied by some transitional costs. Capital markets activity: JLL's capital markets segment saw increased investor demand, particularly in debt and equity advisory, with strong fundraising for credit strategies in the U.S. Management noted that capital flows and client interest in alternative financing have diversified revenue streams and supported margin stability. Office sector recovery: Office leasing showed signs of recovery, with U.S. office revenue exceeding pre-pandemic levels and large lease transactions increasing. Management observed that downsizing rates on lease renewals have moderated, indicating strengthening fundamentals for high-quality office assets. Leadership transition: The company announced CFO Karen Brennan will move to lead the global Leasing Advisory business, while Kelly Howe, formerly CFO of Leasing Advisory, will succeed her as Chief Financial Officer. Management emphasized continuity and strategic focus during this transition. JLL expects future performance to hinge on sustained demand for outsourcing, stabilization in capital markets, and the ability to navigate ongoing economic and policy uncertainty. Outsourcing and platform investments: Management sees continued growth opportunities from clients seeking to outsource real estate operations, but expects near-term revenue growth in workplace management to moderate as the company laps significant prior-year contract wins. Technology investment, especially in AI and workflow tools, remains a priority for driving efficiency and differentiation. Capital markets and transaction timing: The company's guidance assumes healthy pipelines in investment sales and debt advisory, but acknowledges that the pace of deal closings could be affected by interest rate trends and broader economic conditions. Management is monitoring variability in bid activity and underwriting assumptions among investors, which could introduce unpredictability in transaction volumes. Macro and policy risks: Management cited heightened uncertainty from shifting tariff policies and macroeconomic volatility, warning that these factors may slow client decision-making and impact growth, particularly in transactional business lines. However, JLL's diversified revenue base and disciplined cost management are expected to provide some resilience against these headwinds. In the coming quarters, the StockStory team will monitor (1) pace of client decision-making and deal closings in transactional segments, (2) trends in office and industrial leasing momentum, and (3) progress on technology-driven efficiency initiatives within real estate management. Updates on capital raising activity and successful integration of property management will also be important markers for JLL's execution. JLL currently trades at a forward P/E ratio of 14.3×. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
