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. reports news on its role as a global alternative asset manager with strategies across infrastructure, energy, private equity, real estate and credit. Recurring updates cover fundraising, fee-related earnings, capital deployment, monetizations and activity in flagship and complementary investment strategies for institutional and private wealth clients.
Company announcements also include strategic partnerships, operating-platform investments, completed acquisitions and governance matters. Brookfield’s recent corporate updates highlight its industrial real estate and logistics exposure, AI-related operating initiatives across its investment platform, shareholder voting results and capital actions tied to its public-company structure.
GrafTech International Ltd. reported strong financial results for Q1 2022, with a net income of $124 million ($0.47 per share) and an adjusted EBITDA of $170 million, reflecting a 46% margin. Sales increased by 20% year-over-year to $366 million, driven by a 16% rise in sales volume and improved pricing, with non-LTA prices up 19% sequentially. The company generated $146 million in operating cash flow and reduced debt by $70 million, enhancing its balance sheet. GrafTech aims to benefit from a favorable steel industry outlook and increasing demand for graphite electrodes.
Brookfield will conduct its first quarter 2022 conference call and webcast on May 12, 2022, at 10:00 a.m. (ET). The results will be released that morning before 7:00 a.m. (ET) and can be accessed on their website. Participants can join via a conference call or webcast. For the conference call, pre-registration is required to receive a dial-in number and password. A telephone replay will be available until May 26, 2022. Brookfield Asset Management manages approximately $700 billion in assets across various sectors and is listed under the symbol BAM.
GrafTech International Ltd. (NYSE:EAF) will host its First Quarter 2022 Earnings Conference Call on May 6, 2022, at 10:00 a.m. (EDT). The call aims to discuss financial results for the quarter ending March 31, 2022, and ongoing business initiatives. The earnings release will precede the call, available on their investor relations website. GrafTech specializes in high-quality graphite electrode products, dominating the market with low-cost manufacturing facilities and vertical integration into petroleum needle coke, a critical raw material.
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.