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CHICAGO, May 5, 2021 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the first quarter of 2021.
Consolidated revenue was $4.0 billion and fee revenue
1 was $1.4 billion, decreases of 4% and 7%, respectively
Transaction-based service lines reflected improving economic conditions, highlighted by outstanding rebound in Asia Pacific
Property & Facility Management growth led by continued strength of Americas Corporate Solutions
Overall margin expansion included
Valuation increases to JLL Technologies' strategic proptech investments
Year-over-year changes in loan loss credit reserves and the fair value of LaSalle's co-investment portfolio
Cost mitigation benefits partially offsetting pandemic's impact to revenue