Risk Sleuth
JLL · 10-K filed 19 Feb 2026 · year to 31 Dec 2025

Jones Lang LaSalle

28 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.

Suppliers

Unsecured credit facility

depends on · $3.3 billion
The Facility is provided by an international syndicate of banks, which, as of December 31, 2025, had a maximum borrowing capacity of $3.3 billion and a maturity date in November 2028.Business (Item 1)

Third-party cloud computing providers

depends onnamed as a risk
As we outsource significant portions of our information technology functions, such as cloud computing, to third-party providers, we bear the risk of having less direct control over the manner and quality of performance.Risk factors (Item 1A)

Partners and platforms

Fannie Mae

subject tonamed as a risk
Given the inherent risks associated with loan origination and servicing activities, particularly in highly-regulated programs such as Fannie Mae DUS and Freddie Mac Optigo, we maintain underwriting and due diligence processes, compliance procedures, and risk mitigation measures to minimize the likelihood of breaches, though such measures may not always be fully effective in mitigating all risks, especially in the case of breaches tied to the actions of borrowers or third parties, from whom recovery may be limited.Risk factors (Item 1A)

Also named by ABR, AGNC, BAC, CBRE, DX, FICO, FSUN, LEN and 7 more

Other companies

Moody's and S&P credit ratings

Baa1 from Moody’s and BBB+ from S&Pnamed as a risk
If our credit ratings are downgraded or other negative action is taken, by one or more rating agencies, this could adversely affect our access to funding sources, the cost and other terms of obtaining funding as well as our overall financial condition, operating results and cash flow.Risk factors (Item 1A)

Also named by CARR, PPL

Proptech Investments

$340.1 millionnamed as a risk
As of December 31, 2025, the fair value of such investments was $340.1 million.Business (Item 1)

Co-investments in real estate ventures

$505.8 millionnamed as a risk
As of December 31, 2025, we had a total of $505.8 million of co-investments, alongside our clients, in real estate ventures included in total AUM.Business (Item 1)

Unfunded investment commitments

up to $210.8 millionnamed as a risk
As of December 31, 2025, we have unfunded commitment obligations of up to $210.8 million to fund future investments across our investment strategies.Risk factors (Item 1A)

Labor unions (U.S. building maintenance)

approximately 4,100 building maintenance employees
Our employees do not report being members of any labor unions, with the exception of approximately 4,100 building maintenance employees in the United States, over 78% of whom are reimbursable.Business (Item 1)

Also named by ECG, EME, HCA, LUV, MAR, NSC, NYT, SGI and 2 more

Agency loan servicing portfolio

earns from · approximately $140.3 billion
As of December 31, 2025, we serviced a loan portfolio of approximately $140.3 billion.Business (Item 1)

Office real estate sector

earns fromnamed as a risk
The ongoing evolution of corporate workplace strategies continues to alter how companies use real estate, impacting demand across asset types, particularly the office sector.Risk factors (Item 1A)

Places

United States

concentrated in · Our revenue from outside of the United States approximated 38% of our total revenue for 2025.named as a risk
Our revenue from outside of the United States approximated 38% of our total revenue for 2025.Risk factors (Item 1A)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

Ukraine

named as a risk
The current global landscape is marked by significant tensions, including the ongoing war in Ukraine and broader instability in the Middle East, which have disrupted energy markets, global supply chains, and international trade through events like attacks on commercial shipping.Risk factors (Item 1A)

Also named by C, CL, DKNG, LKQ, LSTR, MDLZ, MSFT, NUE and 4 more

Hazards

Coastal cities climate exposure

operates innamed as a risk
We also anticipate the potential effects of climate change will increasingly impact our own operations and those of client properties we manage, especially when they are in coastal cities, and may impair asset valuations.Risk factors (Item 1A)

Commodities and inputs

Euro

exposed to its pricenamed as a risk
We produce positive cash flows in various countries and currencies that can be most effectively used to fund operations in other countries or to repay our indebtedness, which is currently primarily denominated in U.S. dollars and euros.Risk factors (Item 1A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Construction materials

exposed to its pricenamed as a risk
These trade barriers can directly increase the cost and complexity of real estate projects by raising prices for essential construction materials and technology, which particularly affects our Project and Development Services and Workplace Management businesses and can lead to project delays or cancellations.Risk factors (Item 1A)

Also named by ARE

Energy costs

exposed to its pricenamed as a risk
We are subject to inflationary pressures on employee wages, salaries, and the cost of various goods and services including energy costs that we procure which can materially impact our financial results.Risk factors (Item 1A)

Regulators

Ginnie Mae / U.S. Department of Housing and Urban Development (HUD)

subject tonamed as a risk
Failure to comply with any of these program requirements may result in the termination or withdrawal of our approval to sell loans to the Agencies and service their loans.Risk factors (Item 1A)

OFAC Specially Designated Nationals List

subject tonamed as a risk
In conjunction with such policies, we have also implemented certain procedures to evaluate whether existing or potential clients appear on the "Specially Designated Nationals and Blocked Persons List" maintained by OFAC.Risk factors (Item 1A)

Laws and programs

Fannie Mae Delegated Underwriting and Servicing (DUS) program

subject to · one of only 24 Fannie Mae Delegated Underwriting and Servicing ("DUS") lendersnamed as a risk
In addition, we are one of only 24 Fannie Mae Delegated Underwriting and Servicing ("DUS") lenders.Business (Item 1)

Tariffs

subject tonamed as a risk
Strategic competition between major global powers has led to a more fragmented and unpredictable trade environment characterized by tariffs, investment restrictions, sanctions, and controls on technology transfers.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk
The European Union ("EU") General Data Protection Regulation, for example, imposes stringent data protection requirements and provides significant penalties for noncompliance.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

U.S. Foreign Corrupt Practices Act

subject tonamed as a risk
Our global operations must comply with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act and the UK Bribery Act.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

One Big Beautiful Bill Act

subject tonamed as a risk
Recent legislative changes in the United States include the 2022 Inflation Reduction Act and the 2025 One Big Beautiful Bill Act, which have introduced limitations on certain business-related deductions, continued taxation of foreign earnings in the U.S., and established a corporate minimum tax, all of which could increase our future tax expense.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

OECD Pillar Two

subject tonamed as a risk
In addition, many countries have enacted significant legislative policy changes in the taxation of multinational corporations, inspired by the “Pillar One” and “Pillar Two” initiatives of the Organization for Economic Co-operation and Development and the European Union Anti-Tax Avoidance Directives.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

EU AI Act

subject tonamed as a risk
Jurisdictions are beginning to implement distinct regulatory frameworks, such as the European Union’s AI Act, which could impose varying and potentially conflicting compliance obligations on our global operations.Risk factors (Item 1A)

Also named by ACN, ADBE, AMD, AXON, CGNX, CRM, CRWD, CTSH and 36 more

Corporate Sustainability Reporting Directive (CSRD)

subject tonamed as a risk
Our business faces evolving climate change disclosure requirements, including the recommendations outlined by the Task Force on Climate-related Financial Disclosures (TCFD) and the Corporate Sustainability Reporting Directive (CSRD).Risk factors (Item 1A)

Also named by ARCC, FLR, FLS, GTX, HSIC, NVT, SNA, SYY

Freddie Mac Optigo

subject tonamed as a risk
Our loan origination and servicing activities include participating in the Fannie Mae DUS and Freddie Mac Optigo loan programs, among others, which require us to provide representations and warranties regarding the loans we originate.Risk factors (Item 1A)

EU Environmental Liability Directive

subject tonamed as a risk
In Europe, the European Union's Environmental Liability Directive establishes a comprehensive liability standard, but individual EU countries may have stricter regulations.Risk factors (Item 1A)