Q4 2024 Brookfield Corp Earnings Call Transcript
Key Points
- Brookfield Corp (BN) reported record financial results for 2024, with distributable earnings before realizations increasing by 15% to $4.9 billion.
- The company experienced significant inflows of over $135 billion, expanding its credit platform and establishing its Wealth Solutions business as a top-tier annuity writer in the US.
- Brookfield Corp (BN) successfully monetized nearly $40 billion of assets, achieving strong returns, including a 29% IRR from the sale of US manufactured housing assets.
- The company has a robust pipeline of asset sales and expects significant carried interest in the coming years, with $11.5 billion of accumulated unrealized carried interest.
- Brookfield Corp (BN) increased its quarterly dividend by 15% to $0.44 per share, reflecting strong earnings growth and cash flow generation.
- The company faces challenges from increased market volatility due to potential policy changes and geopolitical tensions.
- Brookfield Corp (BN) continues to see a shift from active to passive investing, impacting the trading performance of some of its listed affiliates.
- Despite strong financial performance, the company acknowledges that the intrinsic value of its shares is not fully reflected in the market price.
- The real estate market, while improving, still faces uncertainties related to interest rate fluctuations and potential risks from tariffs.
- The company remains cautious about potential accidents in the private wealth market that could affect overall market sentiment.
Hello, and welcome to the Brookfield Corporation fourth quarter 2024 conference call and webcast. (Operator Instructions) I would now like to hand the conference call over to our first speaker, Ms. Angela Yulo, Vice President, Investor Relations. Please go ahead.
Thank you, operator, and good morning. Welcome to Brookfield Corporation's fourth quarter and full year 2024 conference call.
On the call today are Bruce Flatt, our Chief Executive Officer; and Nick Goodman, President of Brookfield Corporation. Bruce will start off by giving a business update, followed by Nick, who will discuss our financial and operating results for the quarter and the year. After our formal comments, we'll turn the call over to the operator and take analyst questions. In order to accommodate all those who want to ask questions, we request that you refrain from asking more than two questions.
I would like to remind you that in today's comments, including in responding to questions and in discussing new initiatives in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
