Brookfield Asset Management (BAM) 1Q13 Results: FFO up 34%; More to Come

Brookfield Asset Management (BAM) reported results [Source] for the first quarter 2013. Funds from Operations (FFO) the primary metric Brookfield uses to measure its business performance increased 34% over the prior year period and above the target 12-15% per year. It is a strong result and the encouraging aspect of this report is it across all operating platforms and […]

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 Property Partners (BPY)

Brookfield Property Partners (BPY) is a leading global commercial property company. The commercial property operations include office, retail, multi-family and industrial assets with interests in over 300 office and retail properties of more than 250 million square feet; approximately 15,600 multi-family units; 29 million square feet of industrial space, and; an 18 million square foot […]

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 Infrastructure Partners (BIP)

The next step in the valuation of Brookfield Asset Management (BAM) is to understand the components of the company starting with Brookfield Infrastructure Partners (BIP). Brookfield Infrastructure Partners is the first major entity spun off in Brookfield Asset Management’s transformation to a global asset manager. BIP was launched in 2008 and operates infrastructure assets in North […]

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 […]

Brookfield Asset Management (BAM) Delivers: Properties Spinoff Announced

Brookfield Asset Management Announces Spin-Off of Brookfield Property Partners [Source]: The spinoff of Brookfield Property Partners (BPY) is a special dividend to Brookfield Asset Management’s (BAM) shareholders of record as of March 26, 2013 and payable April 15, 2013. It is the last major step needed to complete the multi-year transformation from a sprawling international […]

Brookfield Asset Management (BAM) Impressive 4Q12 and 2012 Results

Brookfield Asset Management (BAM) reported [Source] impressive financial and operational performance for 2012, increasing cash flow and the intrinsic value significantly. The stage is set for solid future growth following the prudent expansion of both private and public asset management and attracting increasing capital to their highly desired real asset platforms. [Source]: BAM 4Q12 Supplemental […]

Value by George Portfolio 2012 Results

Investment results for 2012, our first year, were good on an absolute and a relative basis when compared to the Standard & Poor 500. Calendar year and annualized results are presented below. The investments are made at the time the investment idea is posted. Because the portfolio was built over the course of the year it […]

Brookfield Infrastructure Partners, L.P. (BIP) 3Q12 Report

On November 7, 2012 Brookfield Infrastructure Partners, L.P. reported net income per unit of $0.35 and Funds from Operations (FFO) of $0.58 per unit slightly higher than Wall Street estimates of $0.55. The company is shifting gears from its Australian organic growth focus, adjusting to the cooling of growth in Asia, to an acquisition focus […]