earnings
confidence high
sentiment positive
materiality 0.75
Brookfield Asset Management Q3 FRE $864M (+15%), DE $763M (+15%); net income $3.0B on $2.0B Oaktree gain
Brookfield Asset Management Ltd.
- Net income of $2,999M vs $692M a year ago, including a $2.0B non-cash gain on the acquisition and consolidation of Oaktree completed in July.
- FRE $864M ($0.54/share, +15% YoY); distributable earnings $763M ($0.47/share, +15%); LTM FRE $3.3B and DE $2.9B.
- Fundraising $25B in Q3 and $123B year-to-date; fee-bearing capital $682B, up 13% YoY after raising $157B over the last twelve months.
- Infrastructure drew ~$50B of commitments in the past year, including $26B for the flagship strategy ahead of a first close; AI infra and infra debt added $10B.
- Declared quarterly dividend of $0.5025/share, payable Dec 31, 2026 to holders of record Nov 30; realized $48M of carried interest, first since spinout.