Real Estate Headwinds hit Jones Lang Estimates

This article was placed on behalf of the U.S. based equity research effort of institutional broker and investment bank Canaccord Genuity. It was part of a series of articles developed under an agreement with forbes.com to work with a variety of contributors and assist them in delivering actionable investment ideas each week. The site, forbes.com is one of the top 500 sites in the world with nearly 10 million subscribers and approximately 100 million page views a month.

Canaccord sustainability analyst Eric Prouty reduced his 2012 Jones Lang LaSalle revenue estimate to $3.734 billion from $3.970 billion and his 2012 earnings per share estimates to $5.50 from $6.00.

“We believe the slowdown in economic growth, particularly in Europe and the US, is negatively affecting the commercial real estate market. Based on our conversations with industry participants, this slowdown did not become apparent until recently (i.e., September), but is likely to persist for the remainder of this year and into 2012.”

He also noted “a recent slowdown in demand to invest in so-called trophy properties in the most expensive real estate markets. This dynamic, combined with general economic uncertainty and weaker demand for commercial mortgage-backed securities, creates near-term headwinds for JLL, in our view.”

Amazon Summits A Dow That No Longer Exists

The addition of Amazon to the Dow with Walgreen’s unceremonious deletion, and the Dow’s current composition tells it like it

Financial Institutions Feeling the Crunch in Countdown to CECL Implementation

I was retained by Big Four accounting and consulting firm KPMG to assist them in their thought leadership efforts centered on changing accounting regulations. In this case, the Financial Accounting Standards Board or FASB had instituted new rules on the measurement of current and expected credit losses, i.e. CECL, that would require massive reorganization of financial reporting for the largest financial services organizations in the world. This thought leadership piece concerned the results of a survey among C-suite executives about their state of preparedness in the final countdown to the CECL implementation.

Securitizing Structured Settlement Payment Streams: A Primer

Fall 2012. This article was written with Stefano Sola and Phil Donahue, executives at JGWPT Holdings. We were engaged by JGWPT to assist them
in publishing the article below for The Journal Of Structured Finance.

Is The Media Biased?

This story is from our February 2024 update newsletter that offers communications insights, and hopefully, some amusing diversion.

David R. Evanson, LLC David R. Evanson, LLC