Brookfield Asset Management (BAM) Misses Q1 EPS by 4c

Brookfield Asset Management (NYSE: BAM) reported Q1 EPS of $0.23, $0.04 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $5.22 billion versus the consensus estimate of $4.54 billion.

Funds from operations ("FFO") increased by 26% to $703 million or $0.69 per share. Strong capital inflows led to a 71% increase in fee related earnings to $185 million. FFO from invested capital increased by 7%, benefitting from recently signed leases in our property group, rising contractual rates and volumes in our infrastructure operations, and the continued expansion of our operations through both new investments and internal growth initiatives. Increased water levels in our renewable power operations were offset by lower pricing. Property results also benefitted from a higher level of disposition gains as we sold a number of assets at excellent valuations.

For earnings history and earnings-related data on Brookfield Asset Management (BAM) click here.

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