Brookfield Asset Management Q1 fee-related earnings climb 11% on $21B fundraising
Brookfield Asset Management raised $21 billion in Q1 and $67 billion year-to-date, driving fee-related earnings up 11% to $772 million and 18% to $3.1 billion over the last twelve months. The board declared a quarterly dividend of $0.5025 per share and fee-bearing capital grew 12% to $614 billion.
1. Strong Fundraising and Earnings
Brookfield Asset Management raised $21 billion in the first quarter and $67 billion year-to-date, boosting fee-related earnings by 11% to $772 million in Q1 and 18% to $3.1 billion over the last twelve months. Distributable earnings rose 7% to $702 million and net income reached $586 million for the quarter.
2. Capital Deployment and Monetizations
The firm deployed or committed $34 billion across its business and realized $8 billion in monetizations, including sales at strong valuations. Infrastructure investments included a 20% stake in a Florida electric utility and acquisition of a North American rail lease portfolio, while monetizations featured a natural gas infrastructure secondary offering.
3. Dividend Declaration and Capital Growth
Brookfield’s board declared a quarterly dividend of $0.5025 per share, payable June 30 to shareholders of record May 29. Fee-bearing capital expanded 12% year-over-year to $614 billion, driven by $108 billion in fundraising over the past twelve months.