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
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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.)
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