Brookfield Corporation (BN)
Brookfield Corporation And The Complexity Discount
Brookfield Corporation is misunderstood due to its complexity, creating a 'complexity discount' and an attractive entry point for informed investors. BN trades at an 18.9x DE multiple, not the headline 98x P/E, with distributable earnings compounding at 16% annually and a 15% future growth target. A sum-of-the-parts valuation estimates intrinsic value at $63 per share, 31% above the current price, supporting a Strong Buy rating.
Brookfield Corporation: Still One Of My Favorite Compounders For The Next Decade
Brookfield Corporation remains a strong buy, offering real asset exposure, resilient compounding prospects, and attractive valuation amid broader market risks. Q4 results were solid but unspectacular, with distributable earnings up 10% YoY in 2025; Asset Management and Wealth Solutions outperformed, while real estate lagged. Strategic partnerships in AI infrastructure and long-term power contracts, plus international expansion in pensions and insurance, underpin BN's long-term growth thesis.
Brookfield: Transition Into An Insurance Play Continues
Brookfield Corporation is transitioning from pure asset management to an insurance-centric business, accelerating with the planned 2026 reintegration of Brookfield Wealth Solutions. BN's insurance business is driving rapid earnings growth—DE up 24%—but introduces long-tail liability risks and potential for future earnings volatility. Despite double-digit projected growth, BN trades at a premium to both asset management and insurance peers, with valuation at risk of compression as insurance dominates earnings.
Brookfield Property's Preferreds At $16: A 10% Yield In A Recapitalization Story
Brookfield Property Partners Series 1-A Preferred offers a speculative 10% yield, trading at $16 versus its $25 par value. BPYPP benefits from a recent parent-led equity injection, strengthening its position in the capital stack and improving the safety buffer for preferred holders. While Brookfield Property Partners' FFO turned negative due to high debt costs, losses have narrowed, and management is actively recapitalizing, reducing debt by $3.7 billion.
Brookfield Renewable: Hold Forever On AI Energy Demand Ramp-Up
Brookfield Renewable Corporation is rated Hold due to a high FFO multiple and a negative yield spread versus U.S. Treasuries. Brookfield Renewable Corporation's FFO grew 13.8% year-over-year, driven by diversified hydro, solar, and wind assets, and a 47,203 MW operating capacity. Despite a 5.1% dividend hike, Brookfield Renewable Corporation's 3.74% yield trails the U.S. 10-year Treasury yield, making its current valuation less attractive.
Brookfield Asset Management: A High-Quality Dividend Growth Machine
Brookfield Asset Management has become more attractive after an 8% stock price drop and a 15% dividend hike since December. FRE surged 28% in Q4 and 22% for FY2025, with margins improving to 61% and 58%, respectively. Distributable earnings rose by 14% for the year and 18% in Q4, accelerating from prior periods.
Polen 5Perspectives Small Growth Portfolio Performance & Attribution
The Portfolio returned -1.3% gross and -1.5% net compared to the 1.2% return of the Russell 2000 Growth Index. Bloom Energy announced better than expected results with added optimism from a $5B partnership with Brookfield as the preferred onsite power provider. GeneDx delivered better-than-expected results—including raised full-year guidance—driven by a significant year-over-year increase in high value testing volumes.
Brookfield Asset Management Names Connor Teskey CEO
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 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
Brookfield Infrastructure Is Now One Of The Most Important Dividend Growth Stocks
Third Avenue Real Estate Value Fund Q4 2025 Portfolio Activity
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.
Should You Buy Brookfield Asset Management While It's Below $55?
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.
