Brookfield Asset Management (BAM) 2Q13 Results; FFO up 192%

Brookfield Asset Management (BAM) reported results [Source] for the second quarter 2013. Funds from Operations (FFO) the primary metric Brookfield uses to measure its performance increased 192% and net income attributable to shareholders increased 67% over the prior year period. It is another excellent quarter following the strong 34% FFO increase reported in the 1Q13. There […]

Company Updates and Earnings Release Schedule

AIG Will Not Contest SIFI Designation: American International Group announced on June 3, 2013 that it received notice from the U.S. Treasury that the Financial Stability Oversight Council proposed that AIG is a systemically important financial institution (SIFI) under the Wall Street Reform and Consumer Protection Act. General Electric’s Financial Unit, GE Capital and Prudential […]

Brookfield (BAM, BPY, BIP, BEP) June Update

Longview Sale: On June 16, 2013 Brookfield Asset Management announced the sale of Longview Timber and Longview Fibre Paper and Packaging for $3.675 Billion [Source]: Brookfield has agreed to sell 100% of Longview Timber to Weyerhaeuser Co. for $2.65 billion including the assumption of debt. Longview Timber consists of approximately 645,000 acres of high quality timberlands […]

Brookfield Asset Management (BAM) Investment Thesis, Part II

In Brookfield Asset Management (BAM) Investment Thesis Part I, five sources of value creation were discussed. Four of these sources have been in place for years. The fifth source, transforming to an asset manager, is the anticipated catalyst going forward. The transformation will help the market better recognize the outstanding performance and understand the value […]

Brookfield Capital Partners (BCP) and Private Funds

Brookfield Asset Management’s fourth business platform consist of private equity and specialty funds managed under Brookfield Capital Partners (BCP) or the respective operating platform: property (BPY), renewable power (BREP) and infrastructure (BIP). Brookfield Capital Partners also includes Brookfield’s Residential Development interests, an opportunistic area of increased activity during the U.S. housing market downturn. The private funds are […]

Brookfield Renewable Power Partners (BEP, BREP)

Brookfield Renewable Power Partners (BREP) has the world’s largest publicly traded hydroelectric power generation portfolio with significant and durable competitive advantages. These advantages form a wide protective moat of natural barriers to entry including limitations on river availability, suitable locations with substantial water supplies and competing uses for those rivers. The moat supports the economic advantage […]

Brookfield Asset Management (BAM) Investment Thesis, Part I

Brookfield Asset Management is criticized at times as being a company too complex to understand. Well, it is diverse but not too complex to understand. Management helps us with levels of disclosures and clarity of communications that can only be considered outstanding when compared to others. In the upcoming posts we will break the company down […]