BROOKFIELD Corp /ON/ (BN) Company Report

Brookfield Corporation completed a C$250 million issue of Class A Preference Shares, Series 54 on November 26, 2025.
A total of 10,000,000 Preferred Shares, Series 54 were issued at a price of C$25.00 per share, resulting in gross proceeds of C$250,000,000.
Holders of the new Preferred Shares, Series 54 will receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2030.
The net proceeds from this offering will be used to redeem all outstanding Cumulative Class A Preference Shares, Series 44 (TSX: BN.PF.H) at C$25.00 per share on December 31, 2025.

Nov 26, 2025, 1:03 PM

6-K

Brookfield Corporation to Issue C$200 Million in Preferred Shares and Redeem Series 44 Shares

Debt Issuance

Dividends

Brookfield Corporation (BN) announced an agreement to issue 8,000,000 Class A Preference Shares, Series 54 on a bought deal basis at a price of C$25.00 per share, for aggregate gross proceeds of C$200,000,000.
Holders of the Preferred Shares, Series 54 will receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2030.
The company plans to use the net proceeds from the offering to redeem a minimum of C$200,000,000 of its outstanding Cumulative Class A Preference Shares, Series 44, at a redemption price of C$25.00 per share on December 31, 2025.
Underwriters have an option to purchase an additional 2,000,000 Preferred Shares, Series 54, which, if fully exercised, would increase the gross offering size to C$250,000,000 and allow for the redemption of all Preferred Shares, Series 44.
The offering is expected to close on or about November 26, 2025.

Nov 19, 2025, 4:05 PM

6-K

Brookfield Corporation Reports Strong Q3 2025 Earnings and Strategic Acquisitions

Earnings

M&A

New Projects/Investments

Brookfield Corporation reported Distributed Earnings (DE) before realizations of $1.3 billion, or $0.56 per share, for Q3 2025, and $5.4 billion, or $2.27 per share, for the last 12 months, representing an 18% increase over the prior year period.
The company announced an agreement to acquire the remaining 26% of Oaktree, bringing its ownership to 100%, with $1.4 billion funded by the corporation, and the transaction is expected to close in the first half of 2026.
The Wealth Solutions business delivered $420 million, or $0.18 per share, in distributed earnings for Q3 2025, reflecting 15% organic growth year-over-year, and expanded internationally with shareholder approval for the acquisition of Just Group in the U.K. and a reinsurance agreement in Japan.
Brookfield holds a record of almost $180 billion of deployable capital and has closed $75 billion of asset sales this year, positioning it to invest in secular trends like AI innovation, energy transition, and real estate recovery.
The outlook for carried interest anticipates a step-up in 2026, further increases in 2027, and a strong year in 2028, supported by a healthy transaction market.

Nov 13, 2025, 2:00 PM

Transcript

Brookfield Corporation Reports Strong Q3 2025 Earnings, Advances Strategic Acquisitions and Investments

Earnings

M&A

New Projects/Investments

Brookfield Corporation reported strong financial results for Q3 2025, with Distributed Earnings (DE) before realizations of $1.3 billion, or $0.56 per share for the quarter, and $5.4 billion, or $2.27 per share over the last 12 months, representing an 18% increase over the prior year.
The company is advancing several strategic transactions, including the acquisition of the remaining 26% of Oaktree to reach 100% ownership, with $1.4 billion funded by the corporation and expected to close in the first half of 2026. Additionally, shareholder approval was received for the acquisition of Just Group in the UK, which is on track to close in the first half of 2026 and is expected to grow insurance assets by approximately $40 billion to $180 billion.
Brookfield is strategically investing in key growth areas, including a partnership with the U.S. government through Westinghouse to deliver $80 billion of new nuclear plants, and developing 1 gigawatt of power generation from fuel cells with Bloom Energy for AI data centers. The company also entered Japan's insurance market through a reinsurance agreement.
The company maintains a strong financial position with a record $178 billion of deployable capital at quarter-end. Year-to-date, Brookfield has financed $140 billion and completed $75 billion in asset sales. The company also repurchased over $950 million of shares year-to-date and declared a quarterly dividend of $0.06 per share.

Nov 13, 2025, 2:00 PM

Transcript

Brookfield Corporation Reports Strong Q3 2025 Results and Strategic Progress

Earnings

M&A

New Projects/Investments

Brookfield Corporation reported Distributed Earnings before realizations of $1.3 billion or $0.56 per share for Q3 2025, and $5.4 billion or $2.27 per share for the last 12 months, representing an 18% increase over the prior year.
The company ended Q3 2025 with a record of almost $180 billion in deployable capital and has financed $140 billion of debt and closed $75 billion of asset sales year-to-date.
Strategic initiatives include the acquisition of the remaining 26% of Oaktree, expected to close in H1 2026, and the acquisition of Just Group in the U.K., which will increase insurance assets by approximately $40 billion to $180 billion upon closing in H1 2026.
Brookfield is partnering with the U.S. government to deliver $80 billion of new nuclear plants, anticipates a step-up in carried interest in 2026, and has repurchased over $950 million of shares year-to-date.

Nov 13, 2025, 2:00 PM

Transcript

Brookfield Corporation Reports Strong Third Quarter Results and Record Deployable Capital

Earnings

M&A

Share Buyback

Brookfield Corporation reported strong Q3 2025 results, with Distributable Earnings before realizations increasing by 18% to $5.4 billion or $2.27 per share over the last twelve months.
The company ended the quarter with a record $178 billion of deployable capital. Its asset management business achieved record fee-related earnings of $754 million, a 17% increase from the prior year quarter, and attracted $30 billion in inflows.
Strategic initiatives include an agreement to acquire the remaining interest in Oaktree and the acquisition of U.K.-based Just Group, expected to close in the first half of 2026, which will increase total insurance assets to approximately $180 billion.
Brookfield returned $180 million to shareholders in Q3 2025 via regular dividends and share repurchases, having repurchased over $950 million of Class A shares year-to-date.

Nov 13, 2025, 11:45 AM

6-K

Brookfield to Acquire Remaining Interest in Oaktree

M&A

New Projects/Investments

Brookfield Corporation (BN) has agreed to acquire the remaining 26% interest in Oaktree that it does not already own, which will result in Brookfield owning 100% of Oaktree.
The total consideration for the proposed transaction is approximately $3 billion, with Brookfield Asset Management Ltd. (BAM) and BN funding approximately $1.6 billion and $1.4 billion, respectively.
The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals, and is anticipated to be accretive to both BAM and BN.
Oaktree common equity holders will have the option to elect consideration in cash, BAM shares, or BN shares, with BAM and BN shares subject to two-year and five-year lock-ups, respectively.
Key Oaktree leaders, including Howard Marks and Bruce Karsh, will continue in senior roles, with Mr. Marks remaining on the BN Board and Mr. Karsh joining the BAM Board.

Oct 14, 2025, 1:00 PM

6-K

Brookfield completes $1.25 billion refinancing for Five Manhattan West

Debt Issuance

New Projects/Investments

Brookfield Corporation announced the completion of a $1.25 billion refinancing for its Five Manhattan West property.
The refinancing is a five-year, 6.0% fixed-rate loan provided by a syndicate of leading financial institutions.
This transaction contributes to Brookfield's year-to-date total of over $28 billion in financings across its global real estate portfolio.
Five Manhattan West is a 1.7 million-square-foot trophy office tower that is fully leased to a diverse roster of global companies.

Oct 1, 2025, 1:03 PM

6-K

Brookfield Corporation Outlines Growth Trajectory and Strategic Initiatives at Investor Day 2025

Guidance Update

New Projects/Investments

Share Buyback

Brookfield Corporation achieved significant growth over the past five years, with annualized earnings growth of 22% and planned value growth of 16%, surpassing its targets. In the last 12 months alone, its planned value increased by 22%, adding $28 billion.
Looking ahead, the company forecasts a 25% compound annual growth in earnings over the next five years, targeting a planned value of $210 per share and total distributable earnings of $10.40 per share by the end of the planned period.
This growth is expected to be driven by a projected $6 billion in net realized carried interest over the next three years and the scaling of its wealth solutions business, which aims to more than double its earnings to $5.5 billion and grow insurance assets to $350 billion.
The company anticipates generating $53 billion in free cash flow over the next five years, with $25 billion available for reinvestment or shareholder returns. It has also opportunistically repurchased over $1 billion of shares in the last 12 months and $2 billion over the past two years.

Sep 10, 2025, 7:30 PM

Transcript

Brookfield Corporation Outlines Five-Year Growth Plan and Strategic Priorities

Guidance Update

New Projects/Investments

Share Buyback

Brookfield Corporation achieved 22% annualized earnings growth and 16% planned value growth over the last five years, and projects 25% compound annual growth in earnings over the next five years, targeting a planned value of $210 per share.
The company's strategic focus includes scaling its Wealth Solutions business, which is expected to grow insurance assets to $350 billion and more than double its earnings over the planned period.
Brookfield anticipates a significant increase in net realized carried interest, projecting $6 billion over the next three years and $25 billion over the next ten years.
The company expects to generate $53 billion in fee cash flow over the next five years, which will be allocated to support business growth and opportunistic share repurchases, having already repurchased over $1 billion of shares in the last 12 months.

Sep 10, 2025, 7:30 PM

Transcript

Earnings Transcripts

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