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Brookfield Corporation (TSE:BN)
TSX:BN
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.23Last Year’s EPS
1.05Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 2.87%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in 2024 with record financial results, significant asset monetizations, and robust inflows. However, challenges related to public market dynamics and real estate market volatility were noted. Overall, the positive aspects significantly outweigh the concerns.Company Guidance
During Brookfield Corporation's fourth quarter 2024 conference call, the company highlighted a strong financial performance with record results. Distributable earnings before realizations rose by 15% to $4.9 billion, equating to $3.07 per share, while total distributable earnings surged by 31% to $6.3 billion. The firm reported net income of $1.9 billion for the year. Asset management saw an increase in distributable earnings to $2.6 billion, driven by over $135 billion in inflows, boosting fee-bearing capital by 18% to $539 billion. The wealth solutions business delivered distributable operating earnings of $1.4 billion, nearly doubling from the previous year. Brookfield also repurchased approximately $1 billion of shares in 2024, adding $0.80 of value per remaining share, with an additional $200 million repurchased in early 2025. The company emphasized a robust pipeline for asset sales and significant carried interest, with $11.5 billion in accumulated unrealized carried interest, of which $10 billion is owned by the corporation. Looking ahead, Brookfield is optimistic about 2025, given the constructive market conditions and a strong outlook for growth in earnings and intrinsic value per share.Record Financial Results
Distributable earnings before realizations increased 15% to $4.9 billion, and total distributable earnings increased 31% to $6.3 billion in 2024.
Significant Asset Monetizations
Brookfield monetized nearly $40 billion of assets in 2024, including a 29% IRR and 3.4x multiple on US manufactured housing assets.
Strong Operating Performance
Asset management business generated $2.6 billion in distributable earnings, with a 17% growth in fee-related earnings.
Robust Inflows
Over $135 billion of inflows in 2024, driving an 18% increase in fee-bearing capital to $539 billion.
Dividend Increase
The manager announced a 15% increase in their quarterly dividend, close to $300 million of incremental cash annually.
Strong Wealth Solutions Growth
Distributable operating earnings nearly doubled to $1.4 billion, with insurance assets increasing to over $120 billion.
Real Estate Portfolio Performance
Core portfolio delivered 4% growth in same-store net operating income, with high occupancy levels at 96%.
Share Buyback Program
Approximately $1 billion of shares repurchased in 2024, adding $0.80 of value to each remaining share.
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TSE:BN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | C$83.66 | C$85.62 | +2.34% |
| Nov 14, 2024 | C$80.58 | C$81.21 | +0.78% |
| Aug 08, 2024 | C$58.82 | C$60.84 | +3.42% |
| May 09, 2024 | C$60.14 | C$60.19 | +0.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brookfield Corporation (TSE:BN) report earnings?
Brookfield Corporation (TSE:BN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Brookfield Corporation (TSE:BN) earnings time?
Brookfield Corporation (TSE:BN) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BN EPS forecast?
TSE:BN EPS forecast for the fiscal quarter 2025 (Q1) is 1.23.
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