Canada's Brookfield Q2 distributable EPS rises

Brookfield

13/08/2026 11:54

Overview
Canada investment firm's Q2 distributable EPS before realizations rose yr/yr
Q2 net income attributable to shareholders increased to $364 mln from $272 mln yr/yr
Company completed Oaktree and Just Group acquisitions, continued share repurchases

Outlook
Company did not provide specific quantitative guidance for the current qtr or full yr

Result Drivers
ASSET MANAGEMENT GROWTH - Fee-related earnings rose 20% yr/yr, driven by record fundraising and a 19% increase in fee-bearing capital
WEALTH SOLUTIONS EXPANSION - Earnings grew 23% yr/yr, supported by organic inflows, higher net investment income, and first full-quarter contribution from Just Group
ASSET MONETIZATION - $40 bln of asset sales year-to-date returned capital and crystallized returns for clients

Company press release: ID:nGNX8cNJng

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$703 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Aug 11 - Brazil's Vinci Compass Q2 Fee Related Earnings rise 36% on platform resilience
Aug 10 - Germany's Patrizia H1 core profit surges, helped by reduced expenses
Aug 12 - Canada's Sagicor Q2 swings to profit on improved equity markets

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)