Jones Lang LaSalle

01/12/2015 7:00 am EST

Focus: STOCKS

Richard Moroney

Editor, Dow Theory Forecasts

While the rental market can be quite competitive, this firm sets itself apart by offering additional services, such as supervising building workers, consulting on potential relocations, and managing real estate acquisitions and divestitures, notes Richard Moroney, editor of Dow Theory Forecasts.

Jones Lang LaSalle (JLL) is a Top Pick for 2015. Momentum for commercial real estate, already robust, could be accelerating in the US.

Leasing has been surprisingly strong in Europe, which accounts for roughly 36% of company revenue.

Revenue growth has exceeded 20% in four straight quarters. Free cash flow more than tripled in the 12 months ended September.

Management plans to spend roughly 50% of free cash flow on acquisitions, 40% on internal investments, and 10% on dividends, which could equate to more than 20% dividend growth in 2015.

Analysts forecast double-digit profit growth in the December and March quarters. Jones Lang is a Focus List Buy and a Long-Term Buy.

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