Brookfield Asset Management (BAM) Reports Q2 FFO of $1.01

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Go back to Brookfield Asset Management (BAM) Reports Q2 FFO of $1.01

Brookfield Announces $2.4 billion of Net Income, $1.2 billion of Distributable Earnings in Second Quarter

August 12, 2021 6:55 AM EDT

BROOKFIELD, NEWS, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A) today announced financial results for the quarter ended June 30, 2021.

Nick Goodman, CFO of Brookfield, stated, Our business performed very well during the quarter, recording $1.2 billion of distributable earnings. Growth in our asset management franchise, steady returns on our principal investments and continued momentum on our capital recycling initiatives all contributed to the strong quarter. Subsequent to quarter end, we held the first close of $9 billion for our fourth flagship real estate fund, and our $7 billion... More