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BAM — BROOKFIELD ASSET MANAGEMENT News Story

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Brookfield Asset Management Q2 fee-related earnings rise 20%

Brookfield Asset Management Q2 fee-related earnings rise 20%


Overview

  • US alternative asset manager's Q2 fee-related earnings rose 20% yr/yr to $808 mln

  • Distributable earnings for Q2 increased 15% yr/yr to $707 mln

  • Company completed Oaktree acquisition and expanded AI infrastructure partnerships


Outlook

  • Company says demand for real assets and essential service businesses is increasing


Result Drivers

  • RECORD FUNDRAISING - Co said Q2 fundraising reached $77 bln, led by private equity, infrastructure, and credit strategies

  • CAPITAL DEPLOYMENT - Brookfield deployed $21 bln across its business during the quarter, including investments in AI infrastructure, energy storage, and real estate


Company press release: ID:nGNX4lMpVB


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Distributable earnings per share

$0.44

Q2 Fee-related earnings per share

$0.50

Q2 Distributable Earnings

$707 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy."

  • Wall Street's median 12-month price target for BROOKFIELD ASSET MANAGEMENT LTD is $56.00, about 7.8% above its August 4 closing price of $51.94

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 25 three months ago


Reuters Recommended Reads

  • Aug 5 - Carlyle tops profit expectations on pick-up in fees, deals

  • Aug 3 - KKR closes $19.2 billion infrastructure fund for North America, Europe

  • Aug 4 - Apollo debt deal fees and insurance earnings rise, asset sales drag


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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