Brookfield Asset Management Profit Falls in First Since Spinout [Yahoo! Finance]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Brookfield Asset Management reported its first quarterly decline in profit since it spun out of its parent company amid a drop in fees from some permanent capital vehicles. Most Read from Bloomberg Trump Judge Indefinitely Postpones Documents Case Trial One Out of Every 24 New York City Residents Is Now a Millionaire Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Trump's Private Life Exposed in Intimate Stormy Daniels Testimony Distributable earnings were $547 million, or 34 cents a share, in line with the average estimate of analysts in a Bloomberg survey and down from $563 million in the same three months a year earlier. Total fee revenue fell in three of its five main business lines, driven by lower fees from affiliated firms like Brookfield Renewable Partners and Brookfield Property Group. Brookfield was spun out from parent Brookfield Corp. in late 2022 to appeal to shareholders looking to invest in its asset management business
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News
- Brookfield CEO says institutional investors have less interest in ‘distractions' of public markets [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Brookfield Plans to Invest $500 Million in Leap Green [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Top Climate Investor in India Seeks to Raise a $1 Billion Fund [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Top Climate Investor in India Seeks to Raise a $1 Billion Fund [BNN Bloomberg (Canada)]BNN Bloomberg
- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 [Yahoo! Finance]Yahoo! Finance
BN
Earnings
- 5/9/24 - Miss
BN
Sec Filings
- 5/22/24 - Form F-10
- 5/22/24 - Form F-X
- 5/22/24 - Form F-10
- BN's page on the SEC website