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Brookfield Asset Management Q3 fee-related earnings rise on Oaktree acquisition 

By Reuters News


Overview

  • Global alternative asset manager's Q3 fee-related earnings and distributable earnings rose 15% yr/yr

  • Q3 net income increased sharply, aided by Oaktree acquisition and consolidation

  • Company raised $25 bln in Q3, with fee-bearing capital up 13% yr/yr


Outlook

  • Company expects to finalize first close of $26 bln infrastructure flagship strategy in coming weeks

  • Brookfield says fundraising momentum remains strong, with no signs of slowing down

  • Company sees favorable conditions for credit strategies due to current rate environment


Result Drivers

  • FUNDRAISING ACTIVITY - Co said strong fundraising across infrastructure, private equity, energy, real estate and credit strategies drove growth in fee-bearing capital and earnings

  • ASSET DEPLOYMENT - Co deployed $18 bln in Q3, including investments in AI infrastructure, renewable energy, and multifamily housing, supporting earnings growth

  • MONETIZATIONS AND CARRIED INTEREST - Co monetized $12 bln in assets and realized $48 mln of carried interest, net, from technology and private equity investments


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Total Revenues

$2.15 bln

Q3 Distributable earnings per share

$0.47

Q3 Fee-related earnings per share

$0.54

Q3 Distributable Earnings

$763 mln

Q3 Net Income

$3 bln


Reuters Recommended Reads

  • Nov 5 - Brookfield Business Q3 net income turns positive, revenue edges up

  • Nov 5 - DTE Energy to sell its non-utility business for about $3 billion

  • Nov 5 - Carlyle's third-quarter profit beats estimates on pick-up in asset sales


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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