Brookfield Q4 2024 Earnings Report

Key Takeaways

Brookfield Asset Management reported strong Q4 2024 results, driven by record fundraising and increased fee-related earnings. Net income for the quarter surged to $688 million, while fee-related earnings grew 17% year-over-year to $677 million. The company deployed $16 billion in capital and raised $29 billion during the quarter, further strengthening its asset management business.

Total Revenue

$1.06B

Previous year: $1.13B

-5.9%

EPS

$0.42

Previous year: $0.23

+82.6%

Fee-Related Earnings

$677M

Previous year: $581M

+16.5%

Distributable Earnings

$649M

Previous year: $586M

+10.8%

Fee-Bearing Capital

$539B

Previous year: $457B

+17.9%

Cash and Equivalents

$404M

Previous year: $2.67B

-84.9%

Total Assets

$14.2B

Previous year: $14.3B

-0.9%

Brookfield Revenue

Brookfield EPS

Forward Guidance

Brookfield Asset Management anticipates another strong year in 2025, leveraging its diversified fund offerings and continued capital inflows to drive growth. The company expects further expansion in fee-bearing capital and increased fundraising momentum.

Positive Outlook

Strong fundraising momentum with $29 billion raised in Q4 2024
Continued growth in fee-related earnings, up 17% year-over-year
Expansion in fee-bearing capital to $539 billion
Increased capital deployment, with $16 billion invested in Q4
Raised quarterly dividend by 15%

Challenges Ahead

Macroeconomic uncertainties could impact fundraising efforts
Potential pressure on investment returns due to economic conditions
Volatility in listed affiliate share prices affecting NAV increases
Rising interest rates could impact future capital deployment
Increased competition in alternative asset management space