Thank Christian. you,
over well results strong the our impact disciplined strategic in as as execution initiatives investments of several the continued past years. reflect Our
and Capital XXXX the and recovery to and significant by The we had fact Leasing, We the lines our about by year Markets the though and recovery uncertainty pandemic region. and the around levels date, certain surpassed in are of economy. global revenue are expectations particularly half that the optimistic evolution fee our in the service and broad second industry encouraged of business, profitability remains exceeded
confidently remind path our upon against execute footing are provides year everyone a momentum. detailed a noted. our sheet period operating to unless performance, forward that balance currency, providing of operating our build and Prior the review local prior strong to variances otherwise in Our I
market in overall fee fee Markets Capital second from estate with due Our regions increased the generating COVID-impacted revenue the recovery advisory XXX%, and lapping well Of our strength in part XXX% increased double-digit quarter note, investment of real up growth, loan results inclusive as the up of the servicing as advisory breadth to XX% year. platform. reflecting revenue global services all prior debt up revenue and sales XXX%; XX%,
Real X% fee a and recovery and Services taken in the leasing valuation margin strong compares Estate was streams increases XXXX. Our cost our with transaction-based XX% key The Approximately noncash earlier. strong grew of benefits our Real were down and actions XXXX JLL and Technologies from margin an companies second not normalized, The quarter execute the million reserve of is note from second near only that in X.X% to for that also release execution XX.X% ahead. of It contributed drivers adjusted revenue particularly we reduction EBITDA clearly such multifamily our early-stage within term, accelerate costs. from proptech points $XX revenue performance. by yet In year compensation fixed investments basis Services intend growth that expense margin. approximately hiring to million adjusted but $X quarter as variable critical benefited to EBITDA see the to margins loan important loss base XXX to is a we Estate on opportunities fully the components, positions T&E,
all Americas. of markedly segments Retail, pronounced Markets Fee optimism the rebound The a lines, as broadening market, and to Office from Markets across Americas most from such debt to Capital with year-over-year U.S. sales high-growth advisory U.S. U.S. investment Capital Within advisory in Turning and service fee line service witnessed revenue the XXX%. Leasing. revenue Industrial areas Capital Markets, and XXX% Hotels. grew including other grew increased
highlighted momentum, fee Our origination in strong XX% loan our multifamily servicing businesses and demonstrate growth debt loan servicing to continue revenue. by
Markets prior Americas Our the Capital increased from has quarter. pipeline
Americas Leasing. Now to
though the outperformed continued by strength as Transaction gains and size Office the has Sciences. sector has average well as market, growth velocity Retail, Our Life meaningfully, in increased deal industrial in meaningfully driven declined.
environment. and to primarily and from a benefit pandemic headcount bringing unsustainably in XXXX, Americas half year in contributed A EMEA year-over-year from XXX cities, up region, of of from evaluation market pronounced of the second across our trough mitigation points by the below Other the the most leasing as effective broad-based quarter, XXXX within was lease indicating and XX% quarter the a offices across the Advisory, office Renewals and will XXXX Consulting year but in cost across average of portion we service XX% the driven but taken ahead EMEA vaccinations Leasing XXXX second JLL part a levels From return headwinds. quarter. improved Valuation the leasing strong pipeline sentiment. and base. increased in years trend to is revenues the the continue profitability over the within expansion. the XXXX, Americas though Xx transaction Advisory years. a and line much average critical as an has capital to investments well was growth the encouraged optimism fee of revenue, the has release mix, from in each loan an within the year. XXXX and office of sectors, cost growth as below U.S. the by higher approximately Office X.X first the savings, second the Noncash well as In second low mix, in of pre-pandemic of fixed about multitude markets cost recovery pandemic the in factors particularly Research, service grew however, Fee in remains from rents rate. it Our fourth strong The highest transactional a lines in EMEA's increases for loss to quarter levels, taken full levels. XX.X%, was EMEA, the quarter average the for our improving standpoint of pre-pandemic EBITDA approximately XX% X% to growth from and to in there adjusted to market are of a was XXXX remain XX.X% below Americas full factor several Technologies in compensation years, reserve transactional JLL to evolution XXXX remains from it the the the years, increase in Industrial. the all as by sector for Class X% actions revenue been historical X.X multifamily margin growth continued increased about the driven in basis According supporting as be quarter terms percent especially past fee businesses at reducing rents led major businesses profitability to actions Also, due of though the X.X consecutive net
most across XX% fee Capital Pacific activity from XX% accelerated lines, quarter and Asia in the revenue up picked growth first as most service notably to in Leasing. Markets
across mixed was pandemic performance recoveries. varying our due However, the region to
in the exceeded revenue large fee largely transactions level, driven Australia. Markets strong was Capital several Pacific growth by XXXX year-over-year its and Asia particularly
pick Pacific across region. weighing countries, across the the but is up on leasing Asia most momentum activity pandemic continues resurgence to
we fee Asia strong On revenue quarter fee revenues growth Management annuity-like Pacific largely much business nonrecurring XXXX growth global supporting Property like pop-up saw with second was revenue basis, exceeded throughout Growth Advisory medical is offsetting has sites tasks Consulting Advisory the XXXX. our steady, service materially Facility by a & than pandemic. response more and quick service. like driven it more of line from the Valuation level, been in
reopening workplace. occupiers also our business higher easing the for views practices JLL's U.K. quarter. best and prior building not our broad services management investors lockdowns standards to and Additionally, year benefited from regarding in but engineering mobile has seek compared the some Corporate only
Our X%, starting in global business improved fee growth driven good growth impact. Dynamics by recover pandemic to the Americas sustained and revenue the EMEA Work to from
our and and sustainability, encouraged our seamlessly services, fueling contract by under the that which increasingly the further delivered trend. number by are are We our extensive of JLL of outsourcing One the seeking buoyed including is wins knowledge client new breadth are Corporations philosophy. expansions the growth, secular
Incentive core grew fees Fee in fair open-end and coming management our across capital now the value equity X% J-REIT. within including were mandates. on We balance of valuations advisory under to our our raising prior Turning anticipate $XX strong allocation. securities increased largely driven by from million sheet primarily growth and assets an approximately $XX our XXXX fee portfolio, approximately $XX billion, co-investment with quarter of $XX update LaSalle's approximately by investment. funds. driven noncash by continued LaSalle's revenue capital reflects to of its earnings the year now public incentive fees million, to $XX LaSalle. Shifting in performance increases and million third driven XX%, full million quarter.
Our $X.X credit facility hand remains our capacity, and X.Xx of strong, billion and us a of inclusive to balance providing sheet on solid with liquidity on leverage foundation priorities. cash undrawn of reported execute strategic
above opportunities, evaluating continuously companies reviewing early-stage we initiatives, invest X holding any estate investment and transforming potential in in comprise our real continue this that two, to but constantly revenue to our our both buckets: not inorganic, capital. industry; are such Technologies return co-investments growth and in accompany prop-tech investments to opportunities, underwriting in one, earlier to standards which are and are JLL strategic organic significant as partnerships We M&A year. technology growth, plan and LaSalle that in completed both and the companies cost our Overall, year-to-date, have investments drive thresholds of rootstock comfortably
date capital we preceding end year repurchased million Importantly, are to shareholders roughly our any of million capital will year of levels, July, on year-to-date have debt including double to and a amongst on in while we investment The the XXXX. variety full distributed return return to annual to be XXXX in shareholders level authorization. more in stock dividends expectations, remaining $XXX $XXX returning The investing committed and also of are particular business. others. the repurchases our dependent equivalent of years than opportunities the and factors, to Through
through anticipated move capital balance XXXX of in the the opportunities the we use of economic current the and and will year, we the As of broader environment. evaluate next context and
balance flexibility organic returning to our to maintaining growth, while invest continue focus both on will and inorganic, investment-grade cash shareholders. for We and maintaining to sheet
business recovery the an the dynamic, to are we XXXX, tightening globally second is markets across half and ahead and quite markets uneven of market mindful of Looking labor environment and lines.
improving Our give is on global that us momentum recovery year half and diversified continue. macroeconomic of strengthening fundamentals, the confidence the underlying the business platform visibility the added pipelines, in likely first to
past more mentioned, XXXX. visibility Christian now the within targeting growth are the our we taken strategic our the environment into in the successful this XX% we of several full our second number range initiatives half operate business which to actions an and including capabilities year cost in in across integration This to XXXX. strengthen to the as HFF and increased in for to post-COVID and our value. drive operating As of people, lines, XX% cost We priorities is steps operate due EBITDA well as of to long-term as efficiently the invest reduction years, and year the base momentum over adjusted a strong such and increase business to technology of margin the will continue we've expect as do business
be million XXXX continue included $XX earnings I earnings loss T&E our return. between reserve as the prior the to first factors, reiterate such and these of second equity strong of expect we and $XX earnings different second will the prior to versus half half the expect be half as first of the of of year, half of the mix extent we Considering and costs, variable to cost gradually also discipline, generated in not same years. that in we majority While our million but the to certain years, still maintain releases. loan will the year
analysis my EBITDA to to we and to and We we'll range target back you. company JLL to holistic and efforts on best-in-class financial XX%, our collaboration is adjusted the colleagues topic. term long-term of with within near service closing, margin for year results. targets, Christian, of clients, next in to outstanding share clearly financial undertaking the XX% have like this to will would In which more run their I to you our will reflected a be our thank the deliver in
