Adjusted EBITDA grew by 17%, and adjusted EPS increased by 29%, reflecting strong margin expansion and earnings growth.
Capital Markets Services grew 7% overall, with Debt Advisory up 27% and Investment Sales up 9%, supported by resilient debt markets and refinancing activity.
Investment Management experienced lower assets under management compared to the prior year due to dispositions but raised $1 billion in private equity capital in Q2.
JLL reported a 10% increase in consolidated revenue for Q2 2025, marking the fifth consecutive quarter of double-digit revenue growth.
Real Estate Management Services saw high single-digit to low double-digit revenue growth, led by Workplace Management and Project Management.
Software and Technology Solutions showed low double-digit revenue growth but faced reduced spend from some large clients.
Adjusted EBITDA remained consistent at approximately $119 million year-over-year.
Adjusted net income was approximately $31 million or $0.22 per diluted share, slightly above prior year’s $30 million or $0.23 per diluted share.
GEO reported Q2 2025 net income of approximately $29 million or $0.21 per diluted share on revenues of approximately $636 million, compared to a net loss of $32.5 million in Q2 2024.
Net interest expense decreased by approximately $9 million year-over-year due to debt reduction efforts.
Operating expenses increased 7% due to start-up costs for new ICE facilities; general and administrative expenses rose 8% due to management reorganization and higher employee costs.
Revenues increased 12% year-over-year in owned and leased secure facilities, driven by new ICE contracts and census growth.
Total net debt was approximately $1.7 billion at quarter-end, reduced to $1.47 billion post quarter through facility sale and debt repayments.
Dafinchi