Brookfield Corporation (BN)
Brookfield Corporation (BN) Q3 2024 Earnings Call Transcript
Brookfield Corporation (NYSE:BN ) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Company Participants Angela Yulo - VP, IR Bruce Flatt - CEO Nick Goodman - President Conference Call Participants Mario Saric - Scotiabank Sohrab Movahedi - BMO Capital Markets Cherilyn Radbourne - TD Cowen Robert Kwan - RBC Capital Markets Dean Wilkinson - CIBC Alex Bernstein - JPMorgan Operator Hello and welcome to the Brookfield Corporation Third Quarter 2024 Conference Call and Webcast. At this time, all participants are in a listen-only mode.
Brookfield Renewable: Revisiting The Thesis After Trump's Victory
I was very bullish on BEP earlier this year. However, Donald Trump's victory caused the market to initially sell off BEP units aggressively. I revisit the investment thesis in light of the recent US election results as well as BEP's recently reported Q3 results.
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Brookfield Corporation is a proven wealth creator with plans to continue growing value for its shareholders.
Orsted sells stakes in four UK offshore wind farms to Brookfield
Denmark's Orsted said on Wednesday it had agreed to sell a 12.45% minority stake in four of its operational British offshore wind farms to Brookfield in a transaction worth 1.75 billion pounds ($2.28 billion).
Brookfield Asset Management: Peers Better Positioned In Q3
Brookfield Asset Management Ltd.'s complex structure and underperformance compared to peers raises concerns about its ability to follow through on promises. Brookfield's high real estate exposure, particularly in the struggling office and retail sectors, and growing debt at BN, pose significant risks amid economic uncertainties. Despite strong positioning in renewables and credit, BAM's fundamentals lag peers, making other alternative asset managers more attractive investments.
Brookfield Renewable Preferreds Offer A Great Yield To Likely Redemption
Brookfield Renewable has shown growth over time, but not as much as management would like you to believe. Valuations are getting outlandish, especially for BEPC. We like a couple of preferred shares, and one set could be a great choice for a conservative investor.
2 New Publicly Traded BDCs With Top-Class Defense
Private credit market is experiencing a significant boom, which is driven by increased regulations in the banking sector and higher base rates. As a result of this, the BDC IPO market has been active in 2024. In this article, I elaborate on two newly publicly traded BDCs, which offer one of the best defensive characteristics in the entire sector.
Brookfield Renewable: Excellent Outlook For This High-Yielder
Brookfield Renewable Partners is a top-tier renewable energy investment, benefiting from the green energy trend, falling interest rates, and growing demand for alternative assets. The company's stake in nuclear energy firm Westinghouse is a valuable asset, especially with rising demand from major tech companies. A steadily increasing dividend makes Brookfield Renewable Partners an even more attractive investment.
Brookfield Asset Management: Buy And Hold Forever
Brookfield Asset Management, led by Bruce Flatt, is a high-quality, long-term investment with a proven track record of strong returns over 25 years. The company manages ~$1 trillion in assets, with a goal to double this in the next 5 years. Brookfield's business model is capital-light, boasting over 60% operating margins and ~50% distributable earnings margins, most of which are returned to shareholders.
Brookfield Renewable Partners: Buy The Dip Hand Over Fist
Patience is key for investors to secure a good price, enhancing margin of safety and dividend yield, as exemplified by Brookfield Renewable Partners' recent dip. BEP's diverse renewable energy portfolio, long-term PPAs, and inflation-indexed revenues support steady cash flow and growth, with a 5.5% yield and strong development pipeline. BEP's financial health is robust, with a BBB+ credit rating, well-staggered debt maturities, and multiple funding options, ensuring sustainable growth.
3 Reasons to Buy Brookfield Renewable Stock Like There's No Tomorrow
Brookfield Renewable could produce powerful total returns in the coming years.
Brookfield to acquire Tritax EuroBox after besting Segro
FTSE 250-listed investment trust Tritax Eurobox PLC (LSE:EBOX) has agreed to be taken over by funds controlled by investment firm Brookfield through a 69p-per-share cash offer. The offer values Tritax EuroBox shares at approximately £557 million and represents a 28% premium over the company's 31 May valuation, when an offer period was triggered.
