Brookfield Corp. profit rises as CEO Flatt sees deals picking up [BNN Bloomberg (Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: BNN Bloomberg
The Canadian alternative investment manager had distributable earnings of US$1.22 billion in the first quarter, or 77 cents a share. Analysts were expecting 71 cents, according to data compiled by Bloomberg. Earnings from its wealth solutions unit surged 88 per cent to $273 million. That's the group that contains Brookfield's rapidly-growing life insurance, annuities and retirement services platform, which includes a partnership with Oaktree Capital Management. Distributable earnings in Brookfield's operating businesses, which include its property and renewable energy assets, rose 13 per cent. Brookfield said it has a record $150 billion available to deploy into new investments. Chief Executive Officer Bruce Flatt said the market for dealmaking is more “stable and constructive” than it has been for the past two years because inflation is cooling and liquidity is better. “With this backdrop, transaction activity is picking up for high-quality businesses and assets like those t
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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