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Brookfield Corp. reports Q4 EPS 71c vs. 64c a year ago
The Fly

Brookfield Corp. reports Q4 EPS 71c vs. 64c a year ago

Q4 operating FFO was 68c vs. 74c a year ago. Reports Q4 revenue $24.21B vs. $21.79B a year ago. CEO Nick Goodman stated, "Financial results were very strong for the year. We generated $5.2B of distributable earnings and $5.2B of net income. Our results were driven by growth in our asset management franchise, the continued ramp-up in earnings from our insurance solutions business, and the resilience of our inflation-protected and highly cash generative global portfolio of real assets. We ended the year with approximately $125B of deployable capital as we look for new investment opportunities to enhance returns and further diversify our business. We successfully completed the distribution to shareholders and listing of a 25% interest in our asset management business in December 2022. This is a milestone in Brookfield’s evolution and sets us up to execute on the next phase of growth, while adding approximately $40B of liquid assets to our investment portfolio."

Published first on TheFly

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