Earnings
February 25, 2021 - GEI
New! Gibson Energy Inc. 2020 Earnings, Price Target Update .....
February 24, 2021 - REI.UN
RioCan REIT - 2020 Earnings, Price Target Update .....
February 21, 2021 - IPL
Inter Pipeline Ltd - 2020 Earnings - Takeover Update .....
February 19, 2021 - AI
Atrium Mortgage Investment Corp. 2020 Earnings, Price Target Update .....
February 17, 2021 - ARX
Arc Resources Ltd(Seven Generations Energy) - Price Target Forecast .....
February 16, 2021 - FTS
Fortis Inc. 2020 Earnings, Price Target Update .....
February 14, 2021 - SRU.UN
SmartCentres REIT - 2020 Earnings, 2021 Price Target .....
February 12, 2021 - MFC
Manulife Financial Corp. 2020 Earnings, Price Target Update .....
Recommendation Changes
ARX, MFC, KEY, PEY, IMO, more...

Brookfield Asset Management Inc. Q3-2020 Earnings, Price Target Forecast

This is only a sample of the article, please login to view the entire article

Brookfield Asset Management (BAM.A,BAM –TSX, NYSE) is a global asset management company focused on real estate, renewable power, infrastructure and private equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. Investments in subsidiaries includes a 51% interest in Brookfield Property Partners LP(BBY.UN), a 61% interest in Brookfield Renewable Partners LP(BEP.UN), 63% in Brookfield Business Partners LP(BBU.UN) and 30% in Brookfield Infrastructure Partners LP. In total including management and incentive fees these four subsidiaries contribute approximately 70% of funds from operations to Brookfield Asset Management. Brookfield Renewable Partners and the Private Equity/Alternative investments segments contribute the largest at approximately 30% each. Real Estate including Residential Construction contributes 20%, and 20% from Infrastructure . The Private Equity portion includes the 61% in Oaktree Capital. Approximately half of funds from operations are split between management fees and dividends from ownership interests in subsidiaries. Management fees include carried interests that pay Brookfield only after minimum return thresholds are met. Management services are provided to institutional investors, sovereign wealth funds and pension plans, along with thousands of individuals.

Total assets as of Sept-30-2020 were $327B plus $248B under management for a total of $575B. Assets under management include a 61% non-controlling interest in Oaktree Capital that was acquired in Sept-2019 for $2.1B of cash and $2.4B paid with 52.8M Brookfield Class A shares. Howard Marks the founder of Oaktree is the managing partner.

Brookfield Asset Management has as at Sept-30-2020, 1.5B Class A and 85,000 Class B shares, each with 50% of the votes.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
February 26, 2021
New! Coverage Universe - Weekly Price Change: Feb 19-26, 2021
February 19, 2021
Coverage Universe - Weekly Price Change: Feb 12-19, 2021
February 12, 2021
Coverage Universe - Weekly Price Change: Feb 5-12, 2021
February 5, 2021
Coverage Universe - Weekly Price Change: Jan 29-Feb 5, 2021
January 29, 2021
Coverage Universe - Weekly Price Change: Jan 22-29, 2021
January 23, 2021
Coverage Universe - Weekly Price Change: Jan15-22, 2021
January 15, 2021
Coverage Universe - Weekly Price Change: Jan 8-15, 2021
January 9, 2021
Coverage Universe - Weekly Price Change: Jan 1-8, 2021