Brookfield Q3 revenue rises 9%, EPS climbs
Overview
Global investment firm's Q3 revenue rose 9% yr/yr to $20.7 bln
Diluted EPS climbed to $0.54 from $0.08 a year ago
Company repurchased $300 mln in shares since last report, $900 mln year-to-date
Outlook
Brookfield expects to complete its corporate simplification transaction on December 1, 2026
Company says current macroeconomic environment supports demand for real assets with inflation-linked revenues
Company sees strong fundraising momentum, with $25 bln of capital raised during the quarter
Result Drivers
ASSET MANAGEMENT GROWTH - Fee-related earnings rose 15% yr/yr, driven by $25 bln in capital raised and increased demand for inflation-protected assets
WEALTH SOLUTIONS EXPANSION - Distributable earnings up 22% yr/yr, supported by organic growth, investment performance, and Just Group acquisition
OPERATING BUSINESSES STABILITY - Cash flows remained resilient, underpinned by contracted, inflation-linked revenues and strong real estate and energy fundamentals
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $20.69 bln | ||
Q3 EPS | $0.54 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Nov 12 - Brookfield Q3 net income surges on fee-related earnings
Nov 11 - Canada's Power Corporation Q3 adjusted net earnings rise driven by Great-West Lifeco, IGM Financial
Nov 11 - Canadian asset manager Fiera Capital's Q3 revenue misses, partly on lower performance fees
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(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.)