Brookfield Corporation Reports Strong Second Quarter Results and Announces Three-for-Two Stock Split

Core Insights - Brookfield Corporation reported a 13% increase in distributable earnings before realizations, reaching $1.3 billion or $0.80 per share for the quarter ended June 30, 2025 [1][3][7] - The company achieved over $55 billion in asset monetizations since the beginning of the year, indicating strong capital returns to investors [2][12] - Deployable capital reached a record $177 billion, positioning the company well for future investment opportunities [2][19] Financial Performance - Total consolidated net income for the quarter was $1.1 billion, compared to a loss of $285 million in the same quarter last year [4][23] - Net income attributable to Brookfield shareholders was $272 million for the quarter, up from $43 million in the prior year [4][28] - Distributable earnings for the last twelve months (LTM) were $5.3 billion, translating to $3.36 per share, an increase from $4.38 billion in the previous year [5][7] Asset Management and Wealth Solutions - The asset management business saw a 16% increase in fee-related earnings compared to the prior year quarter, driven by strong fundraising across diversified fund offerings [5][6] - Wealth solutions generated $391 million in distributable earnings for the quarter, up from $292 million in the previous year [13][25] - The company originated over $4 billion in retail and institutional annuity sales during the quarter, increasing insurance assets to $135 billion [13] Monetization and Investment Activity - The company completed significant asset sales, including $12 billion in real estate and $9 billion in infrastructure assets, with most sales at or above carrying values [12][13] - Earnings from the monetization of mature assets were $132 million for the quarter and $554 million for the LTM [11][13] - Total accumulated unrealized carried interest was $11.3 billion at quarter end, with expectations for significant realizations in the coming years [13] Stock Split and Dividends - The Board of Directors approved a three-for-two stock split to enhance share liquidity and accessibility for individual shareholders [14][15] - A quarterly dividend of $0.09 per share was declared, payable on September 29, 2025 [20][21] Capital Structure and Financing - The company executed $94 billion in financings so far this year, including $53 billion in the latest quarter, strengthening its capital structure [19] - Corporate debt has a weighted-average term of 14 years, with no maturities through the end of 2025 [19] - Total group capital is approximately $16 billion, including $71 billion in cash and undrawn credit lines [19][48]