Brookfield Asset Management (BAM) 1Q15: Creating Opportunity with Work

Brookfield Asset Management (BAM): reported [Source] Funds from operations (FFO) during the 1Q15 were $557 million, or $0.82/share, up 14% from the 1Q14. FFO benefitted from expansion of the asset management operations, contributing a 27% increase in fee related earnings. Additional contributions from growth initiatives were offset by reduced contributions from renewable energy when compared […]

Brookfield Asset Management (BAM) 2014 and 4Q Results that Didn’t Miss a Beat

Brookfield Asset Management (BAM): reported [Source] Funds from Operation (FFO), their primary measure of cash flow, was $2.2 billion for 2014 or $3.17/share a decrease of 38% on a per share basis from the previous year of $3.4 billion or $5.14/share when the company recorded an all time record high. For the fourth quarter 2014 (4Q14) […]

Brookfield Infrastructure Partners (BIP) Thesis Update

In 2012 we estimated Brookfield Infrastructure Partners (BIP) [Source] would be $40-46/unit (share) in a 3-5 year time frame. The investment thesis is playing out and BIP has reached the lower end of the range a little early for a total return of 43% or about 16%/year. While investors may consider selling to lock in […]

Brookfield Asset Management (BAM) 3Q14 Update: Growing Platform of Opportunity

Brookfield Asset Management is a global alternative asset manager with $200 billion in Assets under Management (AUM). They own and operate real assets with a focus on: property, renewable power, infrastructure through listed entities and their asset management franchise. Capital is employed with a long term investment horizon, attention to the business cycles and a […]

Brookfield Property Partners (BPY) 3Q14 Update: Significant Upside Potential

Sometimes Mr. Market just doesn’t get it. BPY is a global premier property company with significant upside potential over the next five years. The upside is driven by initiatives underway in its existing asset base led by a top notch management team with a track record of outstanding risk adjusted returns. BPY was spun off from […]

Brookfield Asset Management (BAM) 2Q14 Results: Strong Growth Continues

Profile: Brookfield Asset Management is a global alternative asset manager with $192 billion in Assets under Management (AUM). They have a 100+ year history of owning and operating real assets with a focus on property, renewable power, infrastructure and private equity sectors. They invest alongside shareholders and institutional investment partners in high quality, simple to […]

Brookfield Property Partners (BPY) Well Positioned

Brookfield Property Partners (BPY) is a leading global commercial property company with operations that include premier office, retail, multi-family, industrial and hotel assets. The company was spun off from Brookfield Asset Management (BAM) and began trading independently early in 2013 with a 23 year pro forma history of 15.4%/year total returns. After reaching a high […]

Portfolio Company 1Q14 Earnings Release Schedule

Portfolio Company’s earnings releases and conference calls for the first quarter are coming up and listed below. Genworth Financial, Inc. (GNW): April 29, 2014 Earnings Release; April 30, Conference Call: Genworth Financial, Inc. announced [Source] it would issue its earnings release and financial supplement containing first quarter results after the market closes on April 29, […]

Brookfield Asset Management (BAM) Outstanding 2013 Results

Brookfield Asset Management (BAM): reported [Source] Funds from Operation (FFO), Brookfield’s primary measure of cash flow, was $3.4 billion for 2013 an increase of 149% over the previous year of $1.4 billion and an all-time record high for the company. For the fourth quarter 2013 (4Q13) Funds from Operation was 1 billion for an increase […]

Portfolio Company 4Q13 Earnings Release Schedule

Portfolio Company’s earnings release and conference calls are coming up. I’ll share my perspective after the release and encourage you to read the releases and listen to the conference calls. It is a good way to stay current with your investments and learn about the people running your company. Most calls are recorded and posted on […]