Brookfield Asst Stock Price, News & Analysis

Brookfield Asset Management (BAM) reported strong 2024 results with record performance across key metrics. The company raised over $135 billion in capital inflows and deployed $48 billion throughout the year. Fourth-quarter fee-related earnings increased 17% year-over-year to $677 million, while fee-bearing capital grew 18% to $539 billion.

Notable achievements include $29 billion in organic fundraising during Q4 2024, with significant contributions from renewable power, infrastructure, private equity, real estate, and credit segments. The company announced a 15% increase in quarterly dividend to $0.4375 per share, payable March 31, 2025.

BAM recently completed a transaction with Brookfield , acquiring their 73% private interest in the asset management business. This strategic move simplifies BAM's corporate structure and positions it for inclusion in global stock indices, with 1.6 billion shares now outstanding and an equity market capitalization approaching $100 billion.

Brookfield Asset Management has announced a €20 billion infrastructure investment program in France to support AI infrastructure deployment by 2030. The investment includes up to €15 billion for data center development through its portfolio company Data4, which plans to build over 500 MW of data center capacity across France with aims to triple that by 2030.

An additional €5 billion will be invested in associated AI infrastructure including data transfer, chip storage, and energy generation. Data4 is set to make France its largest European market. The announcement was made at the Artificial Intelligence Action Summit in Paris alongside French President Emmanuel Macron.

Brookfield, which has been investing in France since 2015 and employs over 7,000 people there, is a major global investor in the AI value chain with more than €150 billion invested across digital infrastructure, renewable power, and semiconductor manufacturing worldwide. The company recently opened a Paris office hub in December 2024 to support its French investments.

Brookfield Asset Management (NYSE: BAM) has completed a significant corporate restructuring arrangement with Brookfield (NYSE: BN). In the transaction, BAM acquired approximately 73% of its outstanding common shares from BN in exchange for 1,194,021,145 newly-issued Class A Voting Shares on a one-for-one basis. Following the transaction, BAM now has 1,637,198,026 Class A Shares outstanding, with BN maintaining a 73% ownership stake.

Based on BAM's closing price of $58.19 on the NYSE on February 3, 2025, the company's market capitalization stands at $95.3 billion. The arrangement, approved by BAM shareholders on January 27, 2025, and the Supreme Court of British Columbia on January 30, 2025, aims to enhance index eligibility and increase shareholder ownership breadth.

Brookfield Renewable Holdings has filed a simplified tender offer for Neoen shares and convertible bonds (OCEANEs) with the following terms:

- EUR 39.85 per Neoen share
- EUR 48.14 per 2020 OCEANE
- EUR 105,000 per 2022 OCEANE

The offer duration is set for 21 trading days. Brookfield currently holds 67.69% of Neoen's share capital and voting rights, along with 1,103,895 2020 OCEANEs. The offer targets all remaining shares and OCEANEs not held by Brookfield, excluding certain restricted shares and treasury shares.

If following the offer Brookfield reaches 90% ownership, they intend to implement a squeeze-out procedure within three months. The offer is mandatory as Brookfield crossed the 30% ownership threshold through a previous block trade acquisition.

Brookfield Renewable Holdings SAS has announced an increase in the price offered for the 2022 OCEANEs from EUR 101,382.00 to EUR 105,000.00 as part of its mandatory simplified tender offer for Neoen. The price for Neoen shares (EUR 39.85) and 2020 OCEANEs (EUR 48.14) remains unchanged.

Brookfield currently holds, directly and indirectly, 67.69% of Neoen's share capital and theoretical voting rights (103,464,986 shares) and 30% of the 2020 OCEANEs (1,103,895 OCEANEs). The company holds no 2022 OCEANEs.

Finexsi, the independent expert, will issue an updated report for the ad hoc committee's recommendation to Neoen's board of directors. The offer remains subject to AMF review.

Brookfield Asset Management (BAM), a leading global alternative asset manager with over $1 trillion in assets under management, has announced that Bruce Flatt will serve as Chair of the Board of Directors while maintaining his role as CEO. This appointment follows Mark Carney's resignation from the company to pursue his candidacy for the leadership of the Liberal Party of Canada.

Carney served as Chair of BAM for the past two years and played a key role in establishing Brookfield as a leader in energy transition investments. Under his tenure, the company raised over $30 billion in dedicated transition capital in less than four years and was recognized as the world's largest impact investor for two consecutive years. The company's transition investing activities will continue under Connor Teskey's leadership.

Brookfield Asset Management (NYSE: BAM, TSX: BAM) has announced it will host its fourth quarter 2024 conference call and webcast on Wednesday, February 12, 2025, at 9:00 a.m. ET. The company will release its Q4 2024 results before market open, prior to 7:00 a.m. ET on the same day.

Participants can access the event through either a conference call, requiring pre-registration, or via webcast. The conference call registration will provide attendees with a personal dial-in number and PIN to bypass the operator queue. A replay of the webcast will be available for 90 days following the event.

Brookfield Asset Management (NYSE: BAM, TSX: BAM) has received approval to renew its normal course issuer bid, allowing the purchase of up to 37,123,295 Class A Voting Shares, representing 10% of its public float. The share repurchase program will run from January 13, 2025 to January 12, 2026 through the NYSE, TSX, and alternative trading systems.

As of December 31, 2024, BAM had 443,135,746 Class A Shares outstanding, with a public float of 371,232,957 shares. The maximum daily purchase limit on TSX is set at 251,030 shares. Under its previous program expiring January 10, 2025, BAM has not made any share purchases. All acquired shares will be cancelled or used for long-term incentive plans. The company has also implemented an automatic purchase plan to facilitate share buybacks during blackout periods.

Brookfield Renewable Holdings SAS has filed a simplified tender offer for Neoen shares and convertible bonds. The offer includes:

- EUR 39.85 per Neoen share
- EUR 48.14 per 2020 OCEANE bond
- EUR 101,382.00 per 2022 OCEANE bond

The offer will run for 21 trading days and follows Brookfield's acquisition of 53.12% of Neoen's shares. Brookfield holds directly and indirectly 82,250,985 shares (53.81% of capital and voting rights). The offer targets remaining shares and convertible bonds not held by Brookfield.

If conditions are met, Brookfield intends to implement a squeeze-out procedure within three months after closing for remaining securities not tendered to the offer. The offer is mandatory following Brookfield's crossing of the 30% ownership threshold.