Brookfield Asset Management (BAM) Reports Q1 FFO of $1.80

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Go back to Brookfield Asset Management (BAM) Reports Q1 FFO of $1.80

Reports $6.4 billion of Investment Gains in First Quarter on $13 billion of Asset Sales

May 13, 2021 6:55 AM EDT

BROOKFIELD, NEWS, May 13, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A) today announced financial results for the quarter ended March 31, 2021.

Nick Goodman, CFO of Brookfield, stated, FFO was $2.8 billion in the first quarter, our highest ever for a quarter. This was a result of strong operating performance, significant realized carried interest, and gains generated from capital recycling initiatives. During the quarter we launched the fundraising for two flagship funds which, when combined with other fundraising efforts, will contribute meaningfully to the growth over the next... More