Brookfield Asset Management Stock News

The move could create a new company worth as much as US$100-billion

Brookfield Asset Management stock rose 4.5% in premarket trades Thursday after the investment firm said it''s weighing the possibility of separating part of its asset management business either in the public or private market. CEO Bruce Flatt laid out the possibility in a letter to shareholders and said the equity value of its separated asset management business stands at about $70 billion to $100 billion, or $45 to $60 a share. That figure excludes the equity capital of $50 billion or $30 a share that it''s invested in its businesses. Flatt said the move "could open up growth opportunities to us that don''t exist today" and welcomed comment from shareholders. Separately, the firm said its fourth-quarter net income increased to $1.12 billion, or 66 cents a share, from $643 million, or 40 cents a share, in the year-ago period. Revenue grew to $21.79 billion from $17.09 billion. Funds from operations fell to $1.04 a share from $1.34 a share. Analysts expected Brookfield to earn 76 cents a share, according to a FactSet survey.

Brookfield Asset Management (BAM) is considering spinning off its asset management business into a separate public company that would simplify its structure and make it easier for

Brookfield Asset Management (NYSE:BAM) declares $0.14/share quarterly dividend, 7.7% increase from prior dividend of $0.13.Forward yield 0.98%Payable March 31; for shareholders of record Feb.

Brookfield Asset Management press release (BAM): Q4 FFO of $1.04Revenue of $21.79B (+27.5% Y/Y).Distributable earnings (“DE”) were $1.3 billion for the quarter and $6.3 billion for…

Brookfield Announces Dividend Increase of 8% Brookfield Announces Dividend Increase of 8%

Brookfield Asset Management (NYSE:BAM) is scheduled to announce Q4 earnings results on Thursday, February 10th, before market open.The consensus EPS Estimate is -$0.48 (-135.8% Y/Y) and…

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Brookfield Asset Management (BAM) priced a public offering of $400M of senior notes due 2052, which will bear interest at a rate of 3.625% per annum, and $400M re-opening of its

BROOKFIELD, NEWS, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Brookfield (NYSE: BAM, TSX: BAM.A) today announced the pricing of a public offering of US$400 million principal amount of senior notes due 2052 (t

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Blackstone Inc. and Starwood Capital Group have agreed to pay $1.5 billion to jointly acquire 111 properties under the WoodSpring Suites brand from Brookfield Asset Management Inc. , The Wall Street Journal reported Friday. The WoodSpring Suites brand, owned by Choice Hotels International Inc., specializes in guests staying weeks or months. The firms are targeting Americans traveling for business or drive-to vacations, the newspaper reported, citing people familiar with deal. The WoodSpring Suites deal comes after Blackstone and Starwood jointly bought Extended Stay America Inc. for $6 billion in 2021. Shares of Blackstone Group are down 13.8% this year, compared to a drop of 6% by the S&P 500. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

The private equity giant has tapped into retail investors' desires to invest in private real estate.