earnings
confidence high
sentiment positive
materiality 0.85
Brookfield Q2 FRE up 20% to $808M; record fundraising $77B
Brookfield Asset Management Ltd.
- Fee-related earnings $808M (+20% YoY); distributable earnings $707M (+15% YoY).
- Record Q2 fundraising of $77B; $98B year-to-date; fee-bearing capital $672B (+19% YoY).
- Net income $1.172B; quarterly dividend $0.5025/share payable Sept 29, record Aug 31.
- Repurchased $200M of BAM shares; issued $1.0B senior notes (4.832% 5yr, 5.298% 10yr).
- Completed Oaktree acquisition; formed partnerships with OpenAI, Bloom Energy, and DOE.