Portfolio Company 3Q13 Earnings Release Schedule

Portfolio Company’s earnings release and conference calls are coming up soon. We are now in the companies self-imposed  ”quarterly quiet period” and sshouldn’t expect a lot of news until the release dates. I’ll share my perspective after the release and encourage you to read the releases and listen to the conference calls. It is a […]

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 […]

Brookfield Property Partners (BPY) 2Q13 Results

Brookfield Property Partners (BPY) reported the first earnings release since their launch as a public company in April 2013 [Source]. The 2Q13 results are compared to the operating results and the capital structure of the real estate investments before the spinoff that were carved out of Brookfield Asset Management. These “pro forma” results provide a meaningful basis […]

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 […]

Reader’s Question on Brookfield Property Partners (BPY)

A reader wrote on 6/15/13: Hi, I am long BPY as well and not too pleased with the price action as of late, by my calculation it is trading at 0.87 book value of its underlying components (GGP, BPO, RSE) even after the REIT related sell-off and yielding closer to 4.5% . On top of that, […]

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 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 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 […]