Brookfield Asst Stock Price, News & Analysis

Fundamental Income Properties has launched its inaugural structured debt financing program with the issuance of $328.9 million in long-term, fixed-rate notes. The notes, rated ‘AA’ and ‘A’ by S&P, were offered to institutional investors as part of the FI Master Trust program. Since its inception in April 2020, the company has acquired over $1.2 billion in single-tenant properties. This program aims to enhance access to affordable debt capital, supporting clients in M&A and expansion initiatives. The notes are exempt from standard registration, sold under Rule 144A in the U.S. and Regulation S internationally.

ClearPath Energy has successfully closed a significant lending facility with Brookfield Asset Management, aiming to enhance its renewable energy projects across the U.S. This financial backing will facilitate the expansion of ClearPath's 2 gigawatt pipeline and accelerate the development of late-stage assets towards construction and operational phases. ClearPath intends to prioritize funding for its operating and construction-stage projects, fostering growth in its renewable energy portfolio. The partnership highlights Brookfield's commitment to supporting essential renewable power initiatives that align with decarbonization goals.

Brookfield Asset Management Ltd. (NYSE: BAM) reported strong financial results for 2022, achieving distributable earnings of $2.1 billion and raising a record $93 billion in capital. The company noted an increase of 26% in fee-related earnings year-over-year, reflecting robust fundraising activities. Key metrics include a fee-related earnings per share of $1.29 and a quarterly dividend of $0.32 declared for March 2023. As of December 31, 2022, Brookfield maintained zero debt with $91 billion available for new investments. The company is optimistic about 2023, expecting significant growth in fee-related earnings from upcoming flagship fund contributions.

Fundamental Income Properties, a Phoenix-based net lease real estate company, has achieved over $1 billion in acquisitions since its inception in April 2020. Backed by Brookfield Asset Management (NYSE: BAM), the company specializes in sale-leaseback transactions, targeting amounts from $5 to $500 million. It has acquired 240 properties across six million square feet in the U.S. and Canada. In 2022 alone, the firm invested more than $550 million and aims to support businesses in capitalizing and growing despite economic fluctuations.

Centerview Partners has appointed Fabio Gallia as a Senior Advisor based in Paris. With over 30 years of experience, Gallia was formerly General Manager at Fincantieri, the leading shipbuilding company with €7 billion in revenue. He also served as CEO of Cassa Depositi e Prestiti, managing over €400 billion in assets. Gallia's extensive experience includes advisory roles for Brookfield Asset Management (NYSE: BAM) and independent board member at Edison S.p.A.. His addition is expected to enhance Centerview's growth in Italy and across Europe.

Brookfield Asset Management (NYSE/TSX: BAM) will host its fourth quarter 2022 conference call on February 8, 2023, at 10:00 a.m. (ET). Results will be released before 7:00 a.m. (ET) that day. Interested participants can join via conference call or webcast. To join by conference call, pre-registration is required, after which unique dial-in information will be provided. The webcast can be accessed at this link, with a replay available for 90 days.

Brookfield Asset Management (NYSE: BAM) has announced a normal course issuer bid, intending to repurchase up to 31,785,036 Class A Shares, or about 10% of its public float. This bid, supported by the Toronto Stock Exchange, will run from January 11, 2023, to January 10, 2024. The firm believes that the current share price does not reflect its business value and considers this an attractive investment use of excess cash. An automatic purchase plan will facilitate share purchases during internal trading blackouts.

On December 9, 2022, Brookfield Corporation and Brookfield Asset Management Ltd. announced the completion of a public listing that grants a 25% interest in the Corporation’s asset management business. Starting December 12, 2022, Brookfield Corporation will trade under the ticker symbol BN, while Brookfield Asset Management Ltd. will operate under BAM. This strategic shift aims to provide shareholders access to a pure-play global alternative asset management firm, emphasizing long-term capital growth and cash flow enhancement.

Brookfield Asset Management has announced the expected 2023 dividends following a significant corporate restructuring. As part of an upcoming plan of arrangement, Brookfield will transition to Brookfield Corporation on December 9, 2022. Shareholders can anticipate a quarterly dividend of $0.07 per class A limited voting share (totaling $0.28 annually), alongside a $0.32 dividend per class A limited voting share from the Manager. Combined, this represents a 7% increase for current shareholders. The fourth quarter 2022 dividend of $0.14 will be paid on December 30, 2022.