Global real estate and investment management company.

Real Estate & Investment Management Company





Industry: Real Estate

Property management and investment management.

Real Estate & investment management company

low PEG (under 1.0), low P/B (under 2.0), low Debt/Equity (under 1.0), & Assets at least twice the Liabilities.

solid fundamentals

Jones Lang LaSalle, Inc.

#66

Wachovia just added - Outperform

From Barron's 5-7-07

"The property firm reported... 45% revenue growth and EPS of 74 cents (excluding one-time benefits), compared to our 14-cent estimate and the 1Q06 figure of 12 cents...[on] generally attractive market conditions[including] healthy-advisory fee growth, and increased headcount. The [Europe, Middle East and Africa] region was particularly strong...[but] timing of transactions also contributed to revenue growth; we are adjusting our 2Q07 projections down slightly to account for this ...while 1Q07 EPS grew from 14 cents to 74 cents, we are assuming just 22% EPS growth for remainder of the year. Our '08 EPS estimate is lifted from $6.10 to $6.50...Our target, 130 [raised from 122], assumes...a forward price/earnings multiple of 20 times at this time next year."