Increase in Distributable Earnings
Distributable Earnings before realizations increased by 30% to $1.3 billion, translating to $0.82 per share for the quarter.
Strong Asset Management Performance
Asset management business saw continued fundraising momentum and strong earnings growth, with fee-bearing capital reaching $549 billion, a 20% increase over the last 12 months.
Wealth Solutions Expansion
Wealth Solutions business delivered strong results with organic growth and scaling earnings, achieving a goal of 15% ROE. The business received a regulatory license to launch in the U.K., marking the first dedicated PRT license since 2007.
High Occupancy and Rental Growth in Real Estate
Real estate business benefited from increased demand for premium assets, with high occupancy rates at 95% and a 3% growth in same-store net operating income.
Record Capital Deployment Capacity
Brookfield has a record $165 billion of capital to deploy, positioning them well to invest in value opportunities across multiple sectors.
Strong Fundraising and Capital Raised
The company raised more than $140 billion in capital over the past 12 months, with $25 billion raised in the quarter alone.