Brookfield Asset Management Q3 fee-related earnings rise on Oaktree acquisition

BROOKFIELD ASSET MANAGEMENT

Yesterday 12:12

Overview
Global alternative asset manager's Q3 fee-related earnings and distributable earnings rose 15% yr/yr
Q3 net income increased sharply, aided by Oaktree acquisition and consolidation
Company raised $25 bln in Q3, with fee-bearing capital up 13% yr/yr

Outlook
Company expects to finalize first close of $26 bln infrastructure flagship strategy in coming weeks
Brookfield says fundraising momentum remains strong, with no signs of slowing down
Company sees favorable conditions for credit strategies due to current rate environment

Result Drivers
FUNDRAISING ACTIVITY - Co said strong fundraising across infrastructure, private equity, energy, real estate and credit strategies drove growth in fee-bearing capital and earnings
ASSET DEPLOYMENT - Co deployed $18 bln in Q3, including investments in AI infrastructure, renewable energy, and multifamily housing, supporting earnings growth
MONETIZATIONS AND CARRIED INTEREST - Co monetized $12 bln in assets and realized $48 mln of carried interest, net, from technology and private equity investments

Company press release: ID:nGNX20CX3J

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Total Revenues
 
$2.15 bln
 
Q3 Distributable earnings per share
 
$0.47
 
Q3 Fee-related earnings per share
 
$0.54
 
Q3 Distributable Earnings
 
$763 mln
 
Q3 Net Income
 
$3 bln
 

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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.)