Core Insights - The article emphasizes the importance of in-depth research on various income-generating investment vehicles, including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting the value of joining iREIT on Alpha for access to this research [1] Group 1 - iREIT on Alpha offers a free 2-week trial, which has received 438 testimonials, most of which are 5-star ratings, indicating high user satisfaction [1] - Leo Nelissen is identified as an analyst focusing on economic developments related to supply chains, infrastructure, and commodities, contributing to actionable investment ideas with a focus on dividend growth opportunities [2]

Core Insights - Brookfield Corporation believes AI could become the most impactful general-purpose technology in history, but it requires significant physical infrastructure investment, with expectations of over $7 trillion in spending on AI-related infrastructure over the next decade [1] Group 1: AI Infrastructure Program - Brookfield is launching a $100 billion AI infrastructure program to support the AI industry's needs, with Nvidia as a founding investor [2] - The Brookfield AI Infrastructure Fund (BAIF) aims to raise $10 billion in equity capital to invest in backbone AI infrastructure, having already secured $5 billion in commitments from institutional investors including Nvidia and the Kuwait Investment Authority [4][5] Group 2: Investment Strategy - The company plans to leverage equity capital and co-investors to acquire up to $100 billion in AI infrastructure assets, capitalizing on its expertise in infrastructure, renewable power, and capital solutions [5] - The initial AI infrastructure fund will focus on physical infrastructure assets supporting AI delivery across four core aspects, including AI-factories, dedicated power solutions, compute infrastructure, and strategic partnerships [6][7]

Core Insights - Brookfield Asset Management Inc. has launched a new program to develop AI infrastructure globally, partnering with NVIDIA Corporation and the Kuwait Investment Authority [1][4] - The initiative is centered around the Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), which aims to secure $10 billion in equity commitments and target total asset deployment of up to $100 billion [2][3] Strategic Foundations - Brookfield currently manages over $100 billion in digital infrastructure and clean power assets, viewing this new initiative as a natural extension of its existing portfolio [4] - The fund is backed by founding investors NVIDIA and KIA, which will help shape its strategic direction [4] Investment Focus - BAIIF will invest in four primary verticals: AI factories based on NVIDIA's DSX reference design, behind-the-meter power solutions for data centers, compute infrastructure for enterprises and governments, and adjacent capital partnerships along the AI value chain [5] - The fund has already secured approximately $5 billion in commitments from institutional and industry partners [5] Partnerships and Commitments - Brookfield has established a framework agreement with Bloom Energy Corporation to install up to 1 GW of behind-the-meter power for AI data centers [6] - The company is also pursuing landmark partnerships in France and Sweden, potentially totaling up to $30 billion in combined infrastructure commitments [6]

Group 1: Xiaomi's EV Division - Xiaomi's electric vehicle division has achieved an operating profit of 700 million yuan ($98.5 million) in Q3 after previously incurring losses [3] - The division reversed a loss of 300 million yuan in the previous quarter and aims to deliver 350,000 EVs this year [3] - However, the company's president anticipates a decline in gross margin next year due to reduced Chinese tax breaks and intense competition [3] Group 2: Workday's Acquisition - Workday is set to acquire Pipedream, an AI integration platform that facilitates workflows and data management across various business applications [4] - The acquisition is expected to close in Q4 fiscal year 2026, with financial terms undisclosed [4] - This buyout aligns with Workday's recent acquisitions aimed at enhancing its AI capabilities [4] Group 3: Brookfield's AI Infrastructure Fund - Brookfield Asset Management is launching a new AI infrastructure fund targeting to raise $10 billion in equity, having already secured $5 billion from investors including Nvidia and Kuwait Investment Authority [5][6] - The fund aims to build and acquire up to $100 billion worth of AI infrastructure, focusing on data centers, power providers, and semiconductor manufacturing [6] - Brookfield's president estimates that AI-related infrastructure investments will exceed $7 trillion over the next decade [7]

Core Insights - Brookfield has launched a $100 billion global AI Infrastructure program in partnership with NVIDIA and the Kuwait Investment Authority (KIA) [1][2] - The Brookfield Artificial Intelligence Infrastructure Fund (BAIIF) aims to raise $10 billion in equity commitments, with $5 billion already secured from institutional partners [2][3] - The program will invest across the entire AI value chain, including energy, land, data centers, and computing infrastructure [3][4] Investment Focus - BAIIF will target physical infrastructure assets essential for AI delivery, focusing on four verticals: AI factories, dedicated power solutions, compute infrastructure, and strategic partnerships [6] - Investments will prioritize projects backed by creditworthy counterparties and contracted cash flows [6] Strategic Partnerships - Brookfield has secured a $5 billion agreement with Bloom Energy to install up to 1 GW of power solutions for data centers and AI factories [7] - The company is launching Radiant, a new NVIDIA Cloud Partner, to provide comprehensive AI services leveraging its global infrastructure [7] - Brookfield has announced partnerships in France and Sweden, committing up to $30 billion for national AI infrastructure investments [7] Market Context - The AI infrastructure buildout is projected to require $7 trillion in capital over the next decade, comparable to the development of modern power grids and telecom networks [5] - AI is expected to transform various industries, necessitating infrastructure development across nations [5][6]

Core Insights - Brookfield Asset Management is launching a new AI infrastructure fund aiming to raise $10 billion in equity capital [1] - The company has already secured $5 billion from investors including Nvidia and the Kuwait Sovereign Wealth Fund, and is leveraging its own balance sheet for additional financing [1] - The funds will be used to build and acquire AI infrastructure valued at up to $100 billion, focusing on data centers, power supply facilities, and semiconductor manufacturing [1] Investment Strategy - Brookfield has already invested billions in the AI infrastructure sector, including a $5 billion partnership with Bloom Energy to supply power for data centers [2] - The company has established collaborations with the governments of France and Sweden, investing approximately $10 billion in Sweden for an AI center and committing around $20 billion in France for data center and AI infrastructure development [2] - Brookfield's President, Connor Teskey, stated that total investments in AI-related infrastructure are expected to exceed $7 trillion over the next decade, highlighting the company's unique position in the energy and digital infrastructure value chain [2]

Core Insights - A tripartite partnership has been established between the Real Estate Development Fund (REDF), the Saudi Real Estate Refinance Company (SRC), and LCM Partners to enhance the housing finance ecosystem in Saudi Arabia [1][2][3] Group 1: Partnership Details - The partnership aims to create a world-class, multi-purpose platform for asset and servicing management in Saudi Arabia, leveraging LCM's expertise in independent mortgage servicing [2][3] - LCM Partners will become a shareholder in the National Support Company for Finance Services through the issuance of new shares, indicating a significant investment in the Saudi housing finance sector [4] Group 2: Strategic Objectives - This initiative supports the objectives of Saudi Vision 2030 and the Housing Program, focusing on enabling Saudi families to own suitable homes and ensuring the sustainability of the housing finance sector [3][4] - The partnership is expected to improve asset management efficiency and the quality of services provided to beneficiaries, promoting financial sustainability and expanding homeownership options [4] Group 3: Market Confidence - The partnership reflects effective integration between the public and private sectors, highlighting the attractiveness of the Saudi market to international investors and confidence in the resilience of the Saudi economy [4] - LCM Partners' long-term commitment to the Kingdom underscores its confidence in the growth of Saudi Arabia's financial and real estate sectors [4]

Core Insights - The analyst team has demonstrated a strong track record, achieving an annualized return of almost 40% over the past decade, with a long-only model portfolio return exceeding 23 times [1]. Company Updates - An update on Bloom Energy Corporation (BE) is provided, indicating that this article serves as a continuation of previous coverage on the company [2]. Industry Focus - The analyst has shifted focus to include the offshore drilling and supply industry, as well as the shipping industry, which encompasses tankers, containers, and dry bulk [3]. - There is also an interest in the emerging fuel cell industry, highlighting its potential for growth [3].

Core Viewpoint - Partners Value Investments Inc. reported a significant net loss of $2.2 billion for the three months ended September 30, 2025, primarily due to remeasurement losses associated with retractable common shares, warrants, and exchangeable shares [2][3]. Financial Performance - The net loss for the three months ended September 30, 2025, was $2.2 billion, compared to a net loss of $1.2 billion in the same quarter of the previous year [2]. - Adjusted Earnings for the same period were $46 million, an increase from $17 million in the prior year quarter, attributed to higher investment valuation gains and favorable foreign currency movements [3][10]. - Investment income for the three months ended September 30, 2025, totaled $35.2 million, up from $32.3 million in the prior year quarter [5]. Investment Portfolio - As of September 30, 2025, the Company held 121 million Class A Limited Voting Shares of Brookfield Corporation and 26 million Class A Limited Voting Shares of Brookfield Asset Management Ltd., representing approximately 8% and 2% interests, respectively [7]. - The market prices for Brookfield Corporation and Brookfield Asset Management Ltd. shares were $68.58 and $56.94, respectively, as of September 30, 2025 [4]. Remeasurement Losses - Remeasurement losses for retractable common shares amounted to $1.9 billion in the current quarter, compared to $1.1 billion in the prior year quarter [2]. - Remeasurement losses on warrants were $252 million, up from $114 million in the previous year [2]. Consolidated Financial Position - As of September 30, 2025, total assets were $11.6 billion, an increase from $10.0 billion as of December 31, 2024 [8]. - The Company reported an accumulated deficit of $8.45 billion as of September 30, 2025, compared to $6.82 billion at the end of the previous year [8].

David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 years’ experience in investing, David holds a Master of Science (MS) Degree in Finance, with a concentration in Investment Analysis, from Boston University, a Certificate in Financial Planning, and ...