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This news release and accompanying financial statements are based on International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), unless otherwise noted.
We make reference to
Funds from Operations (“FFO”). We define FFO as net income attributable to shareholders prior to fair value changes, depreciation and amortization, and deferred income taxes, and includes realized disposition gains that are not recorded in net income as determined under IFRS. FFO also includes the company’s share of equity accounted investments’ FFO on a fully diluted basis. FFO consists of the following components:
FFO from Operating Activities represents the company’s share of revenues less direct costs and interest expenses; excludes realized carried interest and disposition gains, fair value changes, depreciation and amortization and deferred income taxes; and includes our proportionate share of FFO from
Brookfield Asset Management funds from operations hit record high
by The Canadian Press
Last Updated May 13, 2021 at 2:14 pm EDT
TORONTO Brookfield Asset Management Inc. reported a profit in its latest quarter compared with a loss a year ago as its funds from operations hit a record high.
The asset manager, which keeps its books in U.S. dollars, reported net income attributable to common shareholders of US$1.24 billion or 77 cents per diluted share for the quarter ended March 31.
The profit compared with a loss attributable to common shareholders of US$293 million or 20 cents per share in the same quarter last year.
Winnipeg Free Press By: The Canadian Press Save to Read Later
TORONTO - Brookfield Asset Management Inc. reported a profit in its latest quarter compared with a loss a year ago as its funds from operations hit a record high.
Brookfield Asset Management s Senior Managing Partner and CEO Bruce Flatt attends the company s AGM in Toronto, Wednesday May 6 , 2015. Brookfield Asset Management Inc. reported a profit in its latest quarter compared with a loss a year ago as its funds from operations hit a record high. THE CANADIAN PRESS/Chris Young
TORONTO - Brookfield Asset Management Inc. reported a profit in its latest quarter compared with a loss a year ago as its funds from operations hit a record high.
Should You Invest in Brookfield Asset Management Inc. (BAM)?
Third Avenue Management, an investment management firm, published its “Real Estate Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +10.70% was recorded by the fund for the Q1 of 2021, outperforming the benchmark, FTSE EPRA NAREIT Developed Index, that rose to +6.11% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Third Avenue Management, in its Real Estate Value Fund Q1 2021 investor letter, mentioned Brookfield Asset Management Inc. (NYSE: BAM), and shared their insights on the company. Brookfield Asset Management Inc. is a Toronto, Canada-based asset management company that currently has a $71.2 billion market capitalization. Since the beginning of the year, BAM delivered an 11.00% return, extending its 12-month gains to 40.95%. As of May 11, 2021, the stock closed at $45.81 per share.
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