Brookfield Asset Management named Connor Teskey as successor to long-serving Chief Executive Bruce Flatt, who will remain chairman as well as CEO of parent Brookfield.
Brookfield Renewable Partners L.P. Limited Partnership Units (BEP.UN:CA) Q4 2025 Earnings Call Transcript
Brookfield Infrastructure Is Now One Of The Most Important Dividend Growth Stocks
This year marks four decades of operations for Third Avenue Management. National Storage REIT is agreeing to a $4.0 billion AUD privatization transaction with entities (and funds) affiliated with Brookfield Asset Management and GIC. Rayonier is completing the divestiture of its New Zealand venture, paying a special dividend, and announcing a merger with industry peer PotlatchDeltic.
Brookfield Asset Management shares are down about 15% since August, pumping up its dividend to well over 3%. Broad economic concerns rather than clear, company-specific challenges are the culprit for this weakness.
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Brookfield Corporation is a complex financial company, not a traditional financial stock, and is undervalued at $47 based on a sum of the parts valuation and future distributable earnings. Distributable earnings, projected to grow at 20%+, are the key valuation metric, not P/E or book value multiples. Management's sum-of-the-parts valuation suggests a fair value of $68, with buybacks signaling conviction in undervaluation.
Brookfield Infrastructure Partners offers compelling value, with vital global infrastructure exposure, a ~5% yield, and robust FFO growth supporting long-term upside. BIP's diversified investments in data centers, AI infrastructure, and global utilities drive a 14% ROIC and position the partnership for secular growth. Preferred units (BIP.PR.A, BIP.PR.B) are Strong Buys, trading at steep discounts to par value and yielding ~7.5%, while BIP common units are also rated Strong Buy.
Brookfield Infrastructure remains a Buy, underpinned by robust FFO growth, accelerating data segment performance, and an attractive dividend yield. FFO rose 9% year-over-year to $0.83 per unit, with the data segment's FFO surging 62% and now representing 76% of the capital backlog. Falling interest rates are set to lower BIP's cost of capital, enhance asset values, and support higher valuation multiples through 2026.
Brookfield Corporation sees a once-in-a-generation opportunity to invest in AI infrastructure. Its inaugural AI Infrastructure Fund aims to acquire up to $100 billion of AI infrastructure.
BAM offers exposure to Brookfield's management business without the balance sheet risks of its insurance or infrastructure arms. Following a slower 2024, double-digit earnings growth has returned in 2025, supported by record-breaking fundraising and fee-bearing capital. Well-positioned to benefit from the opening of retirement accounts to alternatives, private market expansion, and index-driven mispricing in public markets.
Brookfield Wealth Solutions operates an investment-led insurance model built around long-duration annuities, liabilities, and investments. Brookfield's ecosystem creates a powerful flywheel between BWS, BAM, Brookfield Corporation and its operating subsidiaries. Recent acquisitions and partnerships highlight BNT's global expansion ambitions.