2024-05-08 12:27:42 ET
Summary
- Brookfield Corporation is releasing its first quarter earnings on Thursday, May 9th.
- Brookfield Asset Management and Brookfield Renewable have already reported, so we have some indication as to how this will go.
- Brookfield Renewables' earnings were very good, the asset manager's earnings, less so.
- Brookfield remains discounted to net asset value.
- In this article, I explain why I'll continue holding my Brookfield Corporation shares through the earnings.
This week is a big week for the "Brookfield" family of companies. Brookfield Renewable ( BEPC ) released earnings just last week, delivering a 21% increase in funds from operations (“FFO”). Today, Brookfield Asset Management (BAM) released its earnings , which revealed $884 million in revenue, down 15.3%, and $0.34 in distributable earnings per share. Brookfield Asset Management missed revenue estimates and was in line with EPS estimates....
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For further details see:
Brookfield: I'm Staying Long Ahead Of Q1 Earnings