JLL reported a figure of $1.2bn (£781m) in the three months ended 31 March, up from just over $1bn a year earlier. CBRE turned over $2bn during the period, up from $1.9bn in Q1 2014.
Globally, net profits in the first quarter at CBRE increased from $67.7m to $92.9m, with JLL seeing a 2.5x growth in income to $41.9m, up from $15.9m in Q1 2014.
JLL’s EMEA revenue increased by 9% to $253.9m during the period, against a 4.8% drop in revenue at CBRE to $464m.
The investment arms of the two businesses also contrasted in their performance. LaSalle Investment Management’s revenue ended the quarter up by 34% to $97.2m, while CBRE Global Investors recorded a 2% dip in revenue to $110m.
| CBRE | % change | JLL | % change | |
|---|---|---|---|---|
| Revenue | $2.1bn | 10.3 | $1.2bn | 20 |
| Net profit | $92.9m | 37 | $41.9m | 163.5 |
| EMEA revenue | $464m | -4.8 | $253.9m | 9 |
