Brookfield Asset Management (BAM) Reports Q4 EPS of $1.02, FFO of 1.28, Beats on Revenues

Note: EPS may not be comparable

Brookfield Asset Management (NYSE: BAM) reported Q4 EPS of $1.02, versus $0.17 reported last year. Revenue for the quarter came in at $13.07 billion versus the consensus estimate of $5.31 billion.

Bruce Flatt, CEO of Brookfield, stated, “We had a very successful 2017 in terms of growth for our asset management franchise. We invested $15 billion of capital in high quality assets across multiple asset classes and geographies. We recently had a first closing for our latest flagship real estate fund and expect to complete the fundraising later this year. We also expect to launch our next flagship private equity fund in the first half of the year.”

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

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