earnings
confidence high
sentiment positive
materiality 0.80
Brookfield Asset Management Q1 FRE up 26% to $698M; record fundraising of $25B
Brookfield Asset Management Ltd.
- Fee-related earnings (FRE) reached $698M ($0.43/share), up 26% YoY; distributable earnings $654M ($0.40/share), up 20%.
- Net income attributable to BAM rose 32% to $581M; fee-bearing capital grew 20% to $549B.
- Raised $25B in Q1, including $5.9B for real estate flagship (total $16B); over $140B raised in past year.
- Deployed $16B and monetized $10B in Q1; major investments include Neoen privatization and Colonial Pipeline equity stake.
- Completed inaugural $750M 10-year bond offering with 5.795% coupon; declared $0.4375 quarterly dividend payable June 30.