Investors bought the beaten-down infrastructure stock ahead of earnings. Brookfield Infrastructure Partners (BIP -1.53%) stock may have shed nearly 13% value in the first six months of 2024, but it took just one month to reverse all of those losses and some. Units of the master limited partnership rallied 15.1% in July, according to data provided by S&P Global Market Intelligence. Shares of Brookfield Infrastructure Corporation (BIPC -0.19%) gained 15.6% last month. The infrastructure stock appeared ripe fo ...

Assets Under Management Now Approximately $1 Trillion $68 Billion of Capital Raised in the Quarter Annualized FRE and DE Grew 11% and 12% to $2.5 Billion and $2.4 Billion BROOKFIELD, NEWS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced financial results for the quarter ended June 30, 2024. Connor Teskey, President of Brookfield Asset Management stated, "We had another strong quarter, which included $68 billion of capital raised. There is strong momen ...

JamesBrey A major market rotation is going on right now with investors shifting capital from overvalued tech, crypto, and other names that have been booming in recent years to defensive businesses that should hold up well during a recession and benefit from interest rate cuts. We have been positioning our portfolio over the past year in anticipation of this market reversal and - while we were probably a bit early - today we are reaping the benefits of it while still having outperformed the market in recent ...

Core Viewpoint - Brookfield Property Partners has declared quarterly distributions for its preferred units, reflecting its ongoing commitment to returning value to shareholders [2]. Group 1: Financial Distributions - The Board of Directors announced quarterly distributions for the preferred units as follows: $0.40625 per unit for BPYPP, $0.3984375 per unit for BPYPO, $0.359375 per unit for BPYPN, and $0.390625 per unit for BPYPM [2]. - These distributions are payable on September 27, 2024, to holders of record as of September 3, 2024 [2]. Group 2: Company Overview - Brookfield Property Partners is recognized as one of the leading real estate companies globally, managing a diverse portfolio that includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing, and self-storage properties [3]. - The company operates in major markets worldwide and is a subsidiary of Brookfield Corporation [3].

Core Insights - Brookfield Renewable Partners reported strong financial results for Q2 2024, achieving a 9% increase in Funds From Operations (FFO) to $339 million, or $0.51 per unit, driven by M&A and organic growth initiatives [2][3][18]. Financial Performance - Net income attributable to unitholders for Q2 2024 was a loss of $154 million, compared to a loss of $39 million in Q2 2023 [3][18]. - Total revenues for Q2 2024 reached $1.482 billion, up from $1.205 billion in Q2 2023 [42]. - The company’s FFO for the six months ended June 30, 2024, was $635 million, compared to $587 million for the same period in 2023 [3][18]. Growth Initiatives - Brookfield Renewable deployed or committed to deploy $8.6 billion of capital globally, with $970 million net to Brookfield Renewable [4]. - The company secured contracts to deliver an additional 2,700-gigawatt hours per year, with approximately 90% contracted with corporate customers [4]. - The company commissioned approximately 1,400 megawatts of new renewable energy capacity in Q2 2024 and expects to bring on approximately 7,000 megawatts this year [4][21]. Strategic Acquisitions - Brookfield, along with institutional partners, agreed to acquire approximately 53% of Neoen, a leading global renewable platform, for $6.7 billion [6][9]. - The acquisition of Leap Green in India for ~$200 million adds 500 megawatts of operating capacity and a 3,000-megawatt development pipeline [10]. - The company also entered the South Korean market by acquiring Hanmaeum Energy, which has 340 megawatts of operating capacity and over 4,000 megawatts of development projects [11][12]. Market Position and Outlook - Brookfield Renewable operates one of the largest publicly traded platforms for renewable power, with over 34,000 megawatts of operating capacity and a development pipeline of approximately 200,000 megawatts [34]. - The company aims to achieve a 10%+ FFO per unit growth target for 2024, supported by its diverse operating fleet and strategic investments [2][18]. - The company’s balance sheet remains strong, with $4.4 billion of available liquidity, providing flexibility for continued investment in growth [22][27].

Core Insights - Brookfield Infrastructure Partners reported strong second-quarter results driven by organic growth and capital deployment opportunities in sectors such as data, electric utility, and natural gas due to increased AI adoption [2][3] Financial Performance - Net income for the second quarter of 2024 was $8 million, a significant decrease from $378 million in the same period last year, impacted by increased borrowing costs and prior gains from capital recycling [3][4] - Funds from operations (FFO) for the second quarter reached $608 million, a 10% increase from $552 million in the prior year, supported by organic growth and recent acquisitions [3][4] - FFO per unit for the second quarter was $0.77, compared to $0.72 in the same period last year [32] Segment Performance - Utilities segment generated FFO of $180 million, down from $224 million year-over-year, primarily due to capital recycling activities [4] - Transport segment saw a 60% increase in FFO to $319 million, driven by acquisitions and organic growth [5] - Midstream segment reported FFO of $143 million, slightly ahead of the previous year, benefiting from strong demand in North American gas storage [6] - Data segment's FFO increased by 8% to $78 million, reflecting contributions from recent acquisitions [7] Strategic Initiatives - The company completed seven follow-on acquisitions in 2024, totaling nearly $4 billion in enterprise value, including data center sites and stakes in Brazilian logistics operations [8][9] - The organic growth project backlog increased by 15% to $7.7 billion, with significant investments planned in midstream and data sectors [9] - The company anticipates an active second half of 2024 for M&A activities, driven by favorable market conditions and industry trends such as AI [10] Capital Recycling - Brookfield Infrastructure is actively pursuing capital recycling, with expectations to generate approximately $2.5 billion from asset sales in the coming quarters [11] - The company has already monetized assets totaling $210 million this quarter, bringing the total for the year to $1.4 billion [11] Distribution and Dividend - The Board declared a quarterly distribution of $0.405 per unit, representing a 6% increase compared to the prior year, payable on September 27, 2024 [12][13]

Registration and Webcast Link: https://event.webcasts.com/starthere.jsp?ei=1679826&tp_key=81d55f2978 Brookfield Real Assets Income Fund Inc is managed by Brookfield Public Securities Group LLC (PSG). The Fund uses its website as a channel of distribution of material information about the Fund. Financial and other material information regarding the Fund is routinely posted on and accessible at https://www.brookfieldoaktree.com/fund/brookfield-real-assets-income-fund-inc A fund's investment objectives, risks, ...

Edwin Tan /E+ via Getty Images Dear readers, Sum of parts valuation Let's revisit the valuation to see how things have changed. As of today, BN's stake in BAM, BEP, BIP, and BBU is worth $69 Billion. David Ksir, BN annual report BN IR So, between the publicly traded assets, real estate, and insurance, I estimate that the company holds roughly $93 Billion in assets. Subtracting net debt of $10.5 Billion and unrealized carried interest of $5.6 billion yields a fair value of BN of $77 Billion, which equals the ...

tifonimages BEP got back into the acquisition game, making a bid for Neoen. NEOEN Presentation Without getting into the political mud-slinging area, we can just report the facts. The odds of a Trump win have increased materially over the last few weeks, and this is playing on the renewable energy theme. We don't believe this should impact a company like BEP materially. Yes, North America is a big piece of the current pie for BEP. 61% of its cash flows come from this region. But BEP's global reach and opport ...

Management received the following proxies from holders of class A shares in regard to the election of the five directors nominated for election by this shareholder class: Shareholders also approved bye-law amendments designed to simplify and enhance our capital structure, including a re-designation of our class A-1 exchangeable non-voting shares into class A shares of our company and related changes to the terms of the class A shares that will result in no shareholder having the power to vote more than 9.9% ...