Brookfield Corporation (NYSE: BN) pays REIT adviser in stock

Rhea-AI Filing Summary

Brookfield REIT Adviser LLC, a reporting person alongside Brookfield Corp /ON/, acquired 107,584.327 shares of Brookfield Real Estate Income Trust Inc. Class I common stock at $10.365 per share as non-cash payment of its monthly management fee under an advisory agreement. After this issuance, the adviser indirectly held 328,901.964 Class I shares, including shares issued through the REIT's distribution reinvestment plan. The reporting persons jointly report these securities and each disclaims beneficial ownership beyond its respective pecuniary interest.

Insider Trade Summary

Net Buyer: 107,584.327 shares

Net Buy 1 txn

Insider BROOKFIELD Corp /ON/, Brookfield REIT Adviser LLC

Role 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	Class I Common Stock F1, F2, F3	107,584.327	$10.365	$1.12M

Holdings After Transaction: Class I Common Stock — 328,901.964 shares (Indirect, Held by Brookfield REIT Adviser LLC)

Footnotes (3)

1. F1. Reflects shares issued to Brookfield REIT Adviser LLC (the "Adviser") by the Issuer as payment of the monthly management fee as compensation for the services the Adviser provides to the Issuer, pursuant to, and subject to the terms and conditions of, the advisory agreement among the Adviser, Brookfield REIT Operating Partnership L.P. and the Issuer.
2. F2. Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan.
3. F3. This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, that the Reporting Persons are the beneficial owners of any equity securities in excess of their respective pecuniary interests, and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.

Key Figures

Shares acquired: 107,584.327 shares Price per share: $10.365 Indirect holdings after transaction: 328,901.964 shares +1 more

4 metrics

Shares acquired 107,584.327 shares Class I Common Stock issued as management fee compensation

Price per share $10.365 Per-share value used for the Class I fee share issuance

Indirect holdings after transaction 328,901.964 shares Class I Common Stock indirectly held by Brookfield REIT Adviser LLC after the transaction

Restructuring-classified shares 107,584.327 shares Shares reported under transaction code J as other acquisition or disposition

Key Terms

distribution reinvestment plan, advisory agreement, pecuniary interest

3 terms

distribution reinvestment plan financial

"Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan."

An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.

advisory agreement financial

"pursuant to, and subject to the terms and conditions of, the advisory agreement among the Adviser, Brookfield REIT Operating Partnership L.P. and the Issuer"

An advisory agreement is a written contract that spells out the responsibilities, fees and length of time a company hires an outside advisor — such as a financial, strategic or legal consultant — to provide ongoing guidance. For investors, it matters because the agreement sets costs, performance expectations, and any limits or conflicts that can affect a company’s strategy and financial results, similar to seeing the terms of a hired expert before judging their influence.

pecuniary interest financial

"disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/21/2026 - 12:44 PM Accepted by SEC EDGAR 07/21/2026 - 08:00 AM Learn about SEC filing dates

FAQ

What transaction did Brookfield REIT Adviser LLC report in BN's latest insider filing?

Brookfield REIT Adviser LLC reported acquiring 107,584.327 Class I common shares at $10.365 as a management fee. The shares were issued by Brookfield Real Estate Income Trust Inc. as non-cash compensation for advisory services under an existing advisory agreement.

How many Brookfield Real Estate Income Trust Inc. shares does the adviser hold after this BN-related transaction?

Following the reported transaction, Brookfield REIT Adviser LLC indirectly holds 328,901.964 Class I common shares. This total includes shares the REIT issued both as management-fee compensation and under its distribution reinvestment plan, all reported as indirectly owned by the adviser.

At what value were the Brookfield Real Estate Income Trust Inc. shares issued in this BN Form 4?

The Class I common shares were valued at $10.365 per share for this issuance. That per-share value determines the number of shares issued to Brookfield REIT Adviser LLC as payment of its monthly management fee in stock rather than cash.

Why did Brookfield REIT Adviser LLC receive shares instead of cash in this BN filing?

The adviser received shares as payment of its monthly management fee for services. Brookfield Real Estate Income Trust Inc. issued Class I common stock to Brookfield REIT Adviser LLC pursuant to the advisory agreement among the adviser, the operating partnership, and the REIT.

How does the filing describe Brookfield REIT Adviser LLC's beneficial ownership in BN-related securities?

The reporting persons disclaim beneficial ownership beyond their respective pecuniary interests. They state the filing should not be deemed an admission of beneficial ownership of any equity securities in excess of what each is economically entitled to, if any.

Does the BN Form 4 indicate use of a Rule 10b5-1 trading plan for this transaction?

The document-level Rule 10b5-1 indicator is false, so the transaction is not identified as executed under a Rule 10b5-1 trading plan. The shares were issued as fee compensation, not as an open-market trade under a preset plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BROOKFIELD Corp /ON/

(Last) (First) (Middle)

BROOKFIELD PLACE

181 BAY STREET, SUITE 100

(Street)

TORONTO ONTARIO M5J 2T3

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
BROOKFIELD REAL ESTATE INCOME TRUST INC. [ N/A ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class I Common Stock	07/20/2026		J(1)		107,584.327	A	$10.365(1)	328,901.964	I	Held by Brookfield REIT Adviser LLC(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

BROOKFIELD Corp /ON/

(Last) (First) (Middle)

BROOKFIELD PLACE

181 BAY STREET, SUITE 100

(Street)

TORONTO ONTARIO M5J 2T3

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Brookfield REIT Adviser LLC

(Last) (First) (Middle)

225 LIBERTY STREET, 8TH FLOOR

(Street)

NEW YORK NEW YORK 10281

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Reflects shares issued to Brookfield REIT Adviser LLC (the "Adviser") by the Issuer as payment of the monthly management fee as compensation for the services the Adviser provides to the Issuer, pursuant to, and subject to the terms and conditions of, the advisory agreement among the Adviser, Brookfield REIT Operating Partnership L.P. and the Issuer.

2. Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan.

3. This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, that the Reporting Persons are the beneficial owners of any equity securities in excess of their respective pecuniary interests, and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.

	Brookfield REIT Adviser LLC, By: /s/ Michelle Campbell, Name: Michelle Campbell, Title: Attorney-in-Fact	07/21/2026
	Brookfield Corporation, By: /s/ Swati Mandava, Name: Swati Mandava, Title: Managing Director, Legal & Regulatory	07/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)