Welcome to our dedicated page for Brookfield Asst news (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asst stock.
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a global alternative asset manager headquartered in New York, with over $1 trillion of assets under management across infrastructure, renewable power and transition, private equity, real estate, and credit. The BAM news feed on Stock Titan aggregates company announcements, market updates and regulatory disclosures so readers can follow developments affecting this alternative asset management platform.
Recent Brookfield Asset Management news has covered a range of topics, including the renewal of its normal course issuer bid for Class A Limited Voting Shares, quarterly and full-year results conference calls, and detailed quarterly financial results highlighting fee-related earnings, distributable earnings, capital raising and deployment across its strategies. The company also issues news on public debt offerings, such as senior notes due 2030 and 2036, with information on use of proceeds and key terms.
Brookfield Asset Management’s releases describe strategic initiatives and partnerships, including the launch of a global AI infrastructure program anchored by the Brookfield Artificial Intelligence Infrastructure Fund and a strategic partnership with Qai in Qatar to develop AI infrastructure in Qatar and select international markets. Other communications discuss activity in infrastructure, renewable power and transition, private equity, real estate and credit, as well as relationships with affiliated or partner firms.
Investors and observers can use the BAM news page to monitor earnings announcements, capital markets transactions, strategic partnerships, and other material events that the company reports through press releases and related Form 8-K filings. Regular visits to this page provide a consolidated view of Brookfield Asset Management’s public communications and help track how the firm is positioning its alternative asset management business across asset classes and regions.
BROOKFIELD, NEWS, March 30, 2022 (GLOBE NEWSWIRE) -- Brookfield (NYSE: BAM) has filed its 2021 annual materials on Form 40-F, including audited financial statements and management’s discussion for the year ending December 31, 2021, with the SEC and Canadian authorities. These documents can be accessed at www.brookfield.com, and hard copies are available to shareholders upon request.
Brookfield manages approximately $690 billion in assets across various sectors, offering alternative investment products globally to public and private investors.
Brookfield Asset Management (NYSE: BAM) reported that a total of 147,537 Series 26 Preference Shares and 27,550 Series 46 Preference Shares were tendered for conversion into Series 27 and Series 47 Preference Shares, respectively. However, with less than one million shares outstanding for each new series by the conversion date of March 31, 2022, these conversions will not occur. Holders will retain their original shares. Brookfield manages approximately US$690 billion in assets across various sectors, indicating its strong position in the global alternative asset management market.
Brookfield and Blackstone have completed the sale of a 49% stake in One Manhattan West for $2.85 billion. This iconic 67-story, 2.1-million-square-foot office tower, part of the larger Manhattan West complex, is a testament to the strong demand for prime office properties post-pandemic. Key tenants include Accenture and EY, highlighting the building's appeal. The partnership with Qatar Investment Authority further underscores the value of quality real estate in hub markets. The deal reflects investor confidence in long-term demand for premium office spaces in New York.
Longpoint Partners has completed a joint venture with Brookfield, recapping a $700-million logistics portfolio covering 3.8 million square feet. This portfolio includes 31 logistics assets located in high-demand areas such as New Jersey, DC, Dallas, South Florida, and Boston, with approximately 97% of the space leased to over 200 tenants. Longpoint, which specializes in logistics real estate, remains actively involved in managing these assets.
Longpoint Partners, a Boston-based real estate investment firm, has closed a joint venture with Brookfield to recapitalize a $700-million logistics portfolio encompassing 3.8 million square feet. The portfolio includes 31 logistics assets located in high-demand U.S. markets, approximately 97% leased to over 200 tenants. This partnership aims to leverage demographic trends and technological advancements to create long-term value. Longpoint will retain management responsibilities for the portfolio.
BROOKFIELD, NEWS, March 02, 2022 – Brookfield has announced fixed dividend rates for its Cumulative Class A Preference Shares. Series 26 Shares will pay an annual rate of 3.846% ($0.240375 per quarter), while Series 46 Shares will pay an annual rate of 5.386% ($0.336625 per quarter). Holders of Series 26 and Series 46 Shares can convert them into Series 27 and Series 47 Shares, respectively, effective March 31, 2022. The Toronto Stock Exchange has conditionally approved the listings of the new shares. The dividends for Series 27 and 47 Shares will be calculated based on floating rates.
GrafTech International Ltd. (NYSE:EAF) announced CEO David J. Rintoul's intent to retire by June 2022, with a search for his successor underway. Chairman Denis Turcotte expressed gratitude for Rintoul's leadership since the company's IPO in 2018. GrafTech specializes in high-quality graphite electrode production, essential for steel manufacturing, and is uniquely vertically integrated into petroleum needle coke supply, enhancing their market position.
Facilio, a leader in property operations software, secured $35 million in Series B funding led by Dragoneer Investment Group, with participation from Brookfield Growth and existing investors. This investment aims to enhance Facilio's AI-driven platform that optimizes property operations by integrating data from various systems. Founded in 2017, the company serves a broad client base across commercial real estate, healthcare, and education sectors, and is positioned to lead the shift towards IoT-connected buildings. Facilio operates within the $50 billion commercial real estate software market.
Brookfield Asset Management announced an 8% dividend increase to $0.14 per share, with record financial results for 2021. The company reported a net income of $12.4 billion and distributable earnings of $6.3 billion, marking a 49% year-over-year increase. Capital inflows reached $71 billion, supported by significant asset sales totaling $42 billion. Key highlights include a 33% rise in fee-related earnings, reaching $1.9 billion, and a record carried interest of $1.7 billion, contributing to strong future growth potential.
GrafTech International Ltd. (NYSE: EAF) reported strong financial results for Q4 and full year 2021, highlighting a net income of $141 million in Q4 and $388 million for the year, with adjusted EPS of $0.50 and $1.74 respectively. Sales volumes increased 19% in Q4 and 24% over the year. The company reduced total debt by $400 million in 2021 and achieved an adjusted EBITDA of $670 million, maintaining a robust 50% margin. Looking ahead, GrafTech expects further increases in graphite electrode prices and aims to continue strengthening its balance sheet amid a favorable steel market outlook.