Brookfield Asset Management tops Q3 revenue estimates on fundraising

Brookfield Asset Management (BAM) reported third-quarter fee revenues of $1.62 billion, topping the $1.59 billion consensus estimate, while distributable earnings of 47 cents a share were in line with the 47 cents estimate.

Shares fell 1.4% at 9:55 a.m. ET, from a $52.46 close.

Fee-related earnings were $864 million, up 15% from a year earlier. Net income was $3.0 billion, including a $2.0 billion non-cash gain on the acquisition and consolidation of Oaktree.

Here's how the company did:

• Fee revenues: $1.62 billion vs. $1.46 billion a year earlier
• Distributable earnings per share: 47 cents vs. 41 cents a year earlier, against the 47 cents consensus estimate
• Fee-related earnings: $864 million vs. $754 million a year earlier

Fundraising and deployment

Brookfield raised $25 billion in the quarter and $123 billion year to date. Fee-bearing capital grew 13% over the past year to $682 billion. The company invested $18 billion in the quarter and monetized $12 billion.

The flagship infrastructure strategy has $26 billion committed to date, including $13 billion received after quarter end. The company expects a first close in the coming weeks.

In private equity, the company has raised $14 billion since Sept. 30, 2025. Oaktree has continued to build momentum across its credit strategies.

Dividend and liquidity

The board declared a quarterly dividend of 50.25 cents per share, payable Dec. 31 to shareholders of record at the close of business on Nov. 30.

As of Sept. 30, the company had $148 billion of uncalled fund commitments and corporate liquidity of $2.1 billion.