BROOKFIELD, NEWS, April 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX: BN, NYSE: BN) will host its first quarter 2024 conference call and webcast on Thursday, May 9, 2024 at 10:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bn.brookfield.com/news-events/press-releases. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BI004b533c ...

BROOKFIELD, NEWS, March 21, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE:BN, TSX:BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 34 (the "Series 34 Shares") (TSX:BN) into Cumulative Class A Preference Shares, Series 35 (the "Series 35 Shares"), there were 257,216 Series 34 Shares tendered for conversion, which is less than the one million shares required to give effect to co ...

BROOKFIELD, NEWS, March 18, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation ("Brookfield") (NYSE:BN, TSX:BN) today announced that it has filed its 2023 annual materials on Form 40-F, including its audited financial statements and management's discussion and analysis for the year ended December 31, 2023, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR. These documents are also available at www.brookfield.com and a hardcopy will be provided to shareholders free of charge upo ...

hynci Before going into today's article, I wanted to clarify that this is Jussi Askola writing this article. We are many analysts working at High Yield Investor and I don't want there to be confusion in who owns these positions. In late 2023, I shared an article that highlighted two of my biggest dividend stock investments. Since then, a lot has changed about both companies and I am today going to give you an update on them. I still hold my positions, and they remain my biggest dividend stock investments. B ...

BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation ("Brookfield") (NYSE:BN, TSX:BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 34 ("Series 34 Shares") (TSX:BN) for the five years commencing April 1, 2024 and ending March 31, 2029. If declared, the fixed quarterly dividends on the Series 34 Shares during the five years commencing April 1, 2024 will be paid at an annual rate of 6.145% ($0.3840625 per share per qua ...

BROOKFIELD NEWS, March 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners announced today that it has filed its 2023 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2023, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR+. These documents are also available at bpy.brookfield.com. Brookfield Property Partners Brookfield Property Partners is one of the world's premier real estate companies. We own and operate iconic ...

BROOKFIELD, NEWS, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation ("Brookfield") (NYSE:BN, TSX:BN) today announced the pricing of a public offering of $750 million principal amount of senior notes due 2054 (the "notes"), which will bear interest at a rate of 5.968% per annum. The notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the notes will be used for ...

Mishella Introduction The listed partnerships for Brookfield Corporation (NYSE:BN) like BEP, BIP and BBU have declined in value from their 2021 levels but these interests are not the whole picture. Per my August article, Brookfield Corporation is undervalued. Since then, the full-year 2023 numbers have come out and there are some key positives. Brookfield Corporation has an impressive long-term track record and I’m optimistic performance can improve soon with the listed partnerships. The asset managemen ...

Brookfield Corporation (NYSE:BN) Q4 2023 Earnings Conference Call February 8, 2024 10:00 AM ET Company Participants Angela Yulo - Vice President Bruce Flatt - Chief Executive Officer Nick Goodman - President & Chief Financial Officer Conference Call Participants Cherilyn Radbourne - TD Cowen Mario Saric - Scotiabank Ken Worthington - JPMorgan Dean Wilkinson - CIBC Sohrab Movahedi - BMO Capital Markets Mike Brown - KBW Operator Hello, and welcome to the Brookfield Corporation Fourth Quarter 2023 Conference C ...

Financial Performance - Net income for the quarter was $3.1 billion, a significant increase from $44 million in the same quarter of 2022[2] - Net income for the year ended December 31, 2023, was $5.1 billion, a decrease from $5.2 billion in 2022[24] - Total distributable earnings for the year were $4.8 billion ($3.03/share), a decrease of 8.1% from $5.2 billion in 2022[14] - Distributable earnings (DE) for the year were $4.8 billion, with DE before realizations increasing by 17% compared to the prior year[24][26] - Diluted earnings per share for Q4 2023 were $0.42, compared to a loss of $0.23 in Q4 2022[24] Asset Management - The asset management business raised $93 billion in capital, contributing to a total fee-bearing capital of $457 billion, a 9% increase year-over-year[32] - Fee-related earnings in the asset management segment increased by 6% compared to the prior year[32] Investments and Capital - Total assets increased to $490.1 billion in 2023, up from $441.3 billion in 2022, representing an increase of 11.1%[1] - The company ended the quarter with $122 billion of capital available for new investments, including $38 billion in cash and financial assets[10] - The company monetized over $30 billion of assets during the year, validating the carrying values of its investments[9] Shareholder Returns - The company returned $1.1 billion to shareholders through dividends and share repurchases, with over $600 million in share buybacks[12] - The quarterly dividend was raised by 14% to $0.08 per share, payable on March 28, 2024[30] - The company repurchased over $600 million of shares in 2023 and plans to acquire at least $1 billion more in 2024[25] Operational Performance - Operating funds from operations in renewable power and infrastructure businesses increased by 7% year-over-year, supporting stable cash distributions[7] - Same-store net operating income (NOI) growth in core real estate was 7% compared to the prior year[5] Future Outlook and Risks - The company expects to achieve targeted returns of 15%+ per share for shareholders over the long term[25] - Brookfield Corporation emphasizes that forward-looking statements are based on estimates and assumptions, and actual results may differ materially due to various risks and uncertainties[57] - Target returns and growth objectives are presented based on various assumptions, with no assurance that they will be achieved due to potential risks and uncertainties[58] - The company acknowledges the impact of economic, political, and market factors on its operations, which could lead to lower-than-target returns[57] - The company is subject to various risks, including changes in government regulation, competition, and technological changes, which could affect its performance[57] Financial Metrics and Definitions - The company defines Funds from Operations (FFO) as net income attributable to shareholders prior to fair value changes, depreciation, and amortization, which includes realized disposition gains[53] - Realized Carried Interest represents the company's share of investment gains after considering clients' minimum return requirements, highlighting the importance of third-party capital[52] - Brookfield Corporation uses DE and FFO to assess operating results and believes these measures are valuable to shareholders and analysts[54] - The company cautions that non-IFRS financial measures, such as DE and FFO, may differ from those disclosed by other businesses and should not be considered in isolation[55] Strategic Actions - Strategic actions, including acquisitions and dispositions, are critical for the company, with a focus on effective integration to attain expected benefits[57] - Brookfield Corporation highlights the importance of managing human capital and operational risks as part of its business strategy[57]