BAM
Brookfield Asset Management Ltd.53.16
-0.05-0.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A boosts 2026 FRE conviction
Q&A reinforced the prepared upbeat outlook on 2026 but layered in specifics: FRE growth exceeding mid-teens targets via $200M from Oaktree/Just/credit managers plus fundraising surges in PE, infra, and credit. Management framed AI disruption as a tailwind, with <1% software exposure firmwide and unique power solutions like Bloom/nuclear easing grid bottlenecks for data centers. M&A shifts selective, tracking secondaries and partner managers while dialing back pace. Wealth flows hit 40%+ growth last year, set to continue with new products amid modest retail redemptions offset by institutional strength. Liquidity ample at $3B. AI fears? Pure upside. Watch flagship closes and deployment momentum.
Key Stats
Market Cap
85.82BP/E (TTM)
34.30Basic EPS (TTM)
1.55Dividend Yield
0%Recent Filings
8-K
Brookfield to acquire Boralex
Brookfield announced a definitive agreement on March 25, 2026, to acquire Boralex alongside La Caisse for C$37.25 per share in cash, a 31.8% premium to the March 20 TSX close, implying C$9.0B enterprise value at 13x 2026E consensus EBITDA. La Caisse, holding 15%, boosts to 30% post-close and supports the deal. Boralex accelerates its pipeline. Closure eyed Q4 2026, pending approvals.
8-K
Launches $1B CP program
Brookfield Asset Management established a $1 billion commercial paper program on March 3, 2026, for issuing unsecured short-term notes via private placement. It diversifies funding sources and bolsters the balance sheet. Proceeds target general corporate purposes. Notes unregistered under U.S. securities laws.
8-K
Launches Northview Energy platform
Brookfield, BCI, and Norges Bank Investment Management announced Northview Energy on March 3, 2026, equally owning a new renewable platform acquiring 2.3 gigawatts of contracted solar and wind assets from Brookfield-managed firms. These utility-scale assets, backed by 16-year average PPAs with investment-grade counterparties, span six U.S. power markets. It's a de-risked cash flow machine. A $1.5B equity framework targets future buys, pending Q2 2026 launch.
10-K
FY2025 results
Brookfield Asset Management capped FY2025 with Fee-Bearing Capital surging 12% to $603B, fueled by $91B fundraising and $25B market gains in listed affiliates, though partially offset by $27B distributions. Fee Revenues climbed 17% to $5.5B and Fee-Related Earnings 22% to $3.0B, driving Distributable Earnings up 14% to $2.7B; Q4 momentum shone via $110B+ full-year raises including BGTF II's $20B close and Angel Oak acquisition. Credit led with $53B inflows and $36B deployments, while infrastructure and real estate posted sequential Fee-Bearing gains. Corporate liquidity swelled to $3.0B post-$2.5B notes issuance, funding buybacks and capex. No annual guidance disclosed. Yet interest rate hikes could crimp fundraising.
8-K
Record results, new CEO
Brookfield Asset Management posted record Q4 2025 results, with fee-related earnings up 28% to $867 million and distributable earnings up 18% to $767 million, fueled by $35 billion quarterly fundraising and fee-bearing capital hitting $603 billion. Connor Teskey, 38, stepped up as CEO on February 3, 2026, succeeding Bruce Flatt, who stays as Chair; the board hiked the dividend 15% to $0.5025 per share. Leadership refresh. New strategies target sustained growth.
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