Q1 2025 Brookfield Corp Earnings Call Transcript
Key Points
- Distributable earnings before realizations increased by 30% to $1.3 billion, or $0.82 per share for the quarter.
- The Asset Management business delivered strong earnings growth with $684 million in distributions for the quarter.
- Brookfield Wealth Solutions achieved a regulatory license to launch in the UK, marking a significant expansion opportunity.
- The company has a record $165 billion of capital ready to deploy, positioning it well for future investments.
- Real estate business experienced strong rental growth and higher occupancy rates, with significant lease-up activity in New York.
- Trade policy volatility has created uncertainty in capital markets, impacting the macroeconomic environment.
- The current environment may impact the timing certainty of monetizations, potentially affecting transaction activity.
- Insurance platforms are now trading at higher valuations, making acquisitions less attractive compared to previous opportunities.
- The capital markets experienced a temporary pause, affecting financing activities for a few weeks.
- Despite strong fundamentals, the real estate market faces challenges due to limited new quality supply and tenant demand.
Good day and welcome to the Brookfield Corporation first quarter 2025 conference call and webcast.
(Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker, Ms. Katie Battaglia, VP, Investor Relations. Please go ahead.
Thank you, operator, and good morning. Welcome to Brookfield Corporation's first quarter 2025 conference call. On the call today are Bruce Flatt, our Chief Executive Officer; Nick Goodman, President of Brookfield Corporation; and Sachin Shah, Chief Executive Officer of Brookfield Wealth Solutions. Bruce will start by giving a business update, followed by Nick, who will discuss our financial and operating results for the quarter. And finally, Sachin will provide an update on our Wealth Solutions business.
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
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