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Brookfield Corporation - BN STOCK NEWS

Welcome to our dedicated page for Brookfield Corporation news (Ticker: BN), a resource for investors and traders seeking the latest updates and insights on Brookfield Corporation stock.

Brookfield Corporation (BN) is a leading global investment firm dedicated to building long-term wealth for both institutions and individuals. The company operates three main businesses: Asset Management, Insurance Solutions, and Operating Businesses. Brookfield Corp invests in real assets that form the backbone of the economy, including property, renewable power, infrastructure, and private equity, ensuring the delivery of risk-adjusted returns to its stakeholders.

The firm's extensive portfolio spans across dynamic and resilient markets around the world, including the United States, the UK, Canada, Australia, Brazil, and India. Brookfield Corporation generates the majority of its revenue from its Asset Management business, which focuses on investing in high-quality assets to create value over time.

Brookfield Office Properties, a subsidiary of Brookfield Property Partners, is a significant segment of the corporation. This division owns, manages, and develops premier office properties that define the skylines of major cities such as New York, Washington D.C., Houston, Los Angeles, Toronto, Calgary, London, Sydney, and Perth. Signature properties like Brookfield Place in New York City, Toronto, and Perth, as well as Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, attract major financial, energy, government, and professional services organizations.

Brookfield's recent achievements include regular dividend declarations, strategic acquisitions, and upfinancings, which have significantly strengthened its financial condition. Furthermore, the corporation is known for its strong, consistent performance and partnerships with top-tier organizations that maintain long-term leases.

For the latest updates and detailed information about Brookfield Corporation's performance, ongoing projects, and strategic initiatives, please visit their website at www.bn.brookfield.com.

Rhea-AI Summary
Brookfield Corporation (BN) receives an upgrade to its senior unsecured debt rating from DBRS to 'A' from A (low), reflecting continued growth in earnings and cashflows, a conservatively capitalized balance sheet, strength of global alternative asset management business, scaling of Insurance Solutions franchise, and resilience of earnings and cashflows. Nicholas Goodman, President, stated satisfaction with the credit rating upgrade, recognizing the strength of the franchise through cycles, growing scale and diversity of the business, quality of cashflows, and fortress balance sheet. The company also received an upgrade on its preferred shares rating to Pfd-2 from Pfd-2 (low).
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Brookfield Corporation (NYSE: BN, TSX: BN) reported distributable earnings of $5.0 billion for the last twelve months, with liquidity of nearly $120 billion. Retail and wealth flows are now approximately $800 million monthly, expected to rise to over $1.5 billion monthly in 2024. The company's third quarter financial results were strong, with distributable earnings before realizations increasing by 11% per share over the last twelve months. Net income in the third quarter was $35 million, and distributable earnings before realizations were $1.1 billion for the quarter and $4.2 billion over the last twelve months. The Board declared a quarterly dividend of $0.07 per share, payable on December 29, 2023.
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Fundamental Income Properties has announced the issuance of $314.9 million of long-term, fixed-rate notes designated as Fundamental Income Net-Lease Mortgage Notes, Series 2023-2. This is the second issuance under Fundamental Income’s dedicated structured debt vehicle, FI Master Trust. The notes were issued in a private placement to a diverse set of institutional investors in two classes.
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Brookfield Corporation to host Q3 2023 conference call and webcast
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Brookfield's newly-acquired insurance affiliate American National made $4.7b in related-party investments, most of which are listed as 'unaffiliated' in American National's annual statement. Brookfield ventures have defaulted on over $1b of commercial real estate loans this year, with $5b more identified as distressed. Additionally, Brookfield-managed private funds issued asset-backed securities sold to American National. Lack of transparency and accountability raises concerns for retirees and policyholders. Regulators' secrecy is perplexing. Experts highlight the need for transparency in reporting related-party investments by insurers.
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Brookfield Corporation announces no conversion of Series 32 Shares into Series 33 Shares
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Brookfield announces fixed dividend rate on Series 32 Shares and conversion option to Series 33 Shares.
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Brookfield receives approval for normal course issuer bid to purchase up to 10% of its Class A Preference Shares listed on TSX. Bid period: August 22, 2023 to August 21, 2024. No purchases made under current bid. Intends to use available funds to purchase shares if trading below value.
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Brookfield Corporation (NYSE: BN, TSX: BN) reported strong financial results for Q2 2023, including $50 billion of acquisitions, $15 billion of asset sales, and a projected $150 billion of inflows in 2023. Distributable earnings before realizations increased by 21% to $1.0 billion for the quarter, with net income at $1.5 billion.
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FAQ

What is the current stock price of Brookfield Corporation (BN)?

The current stock price of Brookfield Corporation (BN) is $56.09 as of December 20, 2024.

What is the market cap of Brookfield Corporation (BN)?

The market cap of Brookfield Corporation (BN) is approximately 84.2B.

What does Brookfield Corporation do?

Brookfield Corporation is an investment firm focused on building long-term wealth through Asset Management, Insurance Solutions, and Operating Businesses.

In which countries does Brookfield have a presence?

Brookfield Corporation has a geographic presence in the United States, the UK, Canada, Australia, Brazil, India, and other countries globally.

What are the core businesses of Brookfield Corporation?

The core businesses of Brookfield Corporation are Asset Management, Insurance Solutions, and Operating Businesses.

What type of assets does Brookfield invest in?

Brookfield invests in real assets that form the backbone of the economy, including property, renewable power, infrastructure, and private equity.

Who are the major tenants of Brookfield Office Properties?

Major tenants include financial, energy, government, and professional services organizations with high credit ratings and long-term leases.

Where are some of Brookfield Office Properties' notable buildings located?

Notable buildings are located in cities like New York, Washington D.C., Houston, Los Angeles, Toronto, Calgary, London, Sydney, and Perth.

What recent achievements has Brookfield Corporation accomplished?

Recent achievements include regular dividend declarations, strategic acquisitions, and upfinancings, enhancing their financial condition.

How does Brookfield Corporation generate most of its revenue?

Brookfield generates the majority of its revenue from its Asset Management business.

What are some signature properties of Brookfield Office Properties?

Signature properties include Brookfield Places in New York City, Toronto, and Perth, as well as Bankers Hall in Calgary and Bank of America Plaza in Los Angeles.

How can I obtain more information about Brookfield Corporation?

For more information, please visit their website at www.bn.brookfield.com.

Brookfield Corporation

NYSE:BN

BN Rankings

BN Stock Data

84.16B
1.19B
19.11%
65.63%
0.67%
Asset Management
Financial Services
Link
United States of America
Toronto