earnings
confidence high
sentiment positive
materiality 0.80
Brookfield Asset Management reports record 2024 results; Q4 fee-related earnings up 17% to $677M; dividend raised 15%
Brookfield Asset Management Ltd.
- Record $135B capital inflows in 2024, including $29B in Q4; $48B deployed during the year.
- Q4 fee-related earnings of $677M ($0.42/share) up 17% YoY; distributable earnings of $649M ($0.40/share) up 11%.
- Quarterly dividend increased 15% to $0.4375/share, payable March 31, 2025 to holders of record Feb. 28, 2025.
- Closed acquisition of Brookfield Corporation's 73% interest in asset management; BAM now 100% owner with ~$100B market cap.
- Fee-bearing capital reached $539B, up 18% YoY; $115B uncalled fund commitments, $53B not yet earning fees.