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GlobeNewswire·

Brookfield Corporation Reports 16% Increase in Earnings

BN
  • Brookfield Corporation reported net income of $1.9 billion for the quarter ended September 30, 2026, compared to $284 million in the prior-year period.
  • Record Last Twelve Months (LTM) Distributable Earnings (DE) before realizations reached $5.8 billion, representing a 14% increase per share.
  • Total distributable earnings for the quarter were $1.7 billion ($0.73 per share), while LTM distributable earnings totaled $6.4 billion ($2.72 per share).
  • Asset Management raised $25 billion in capital during the quarter, bringing total fundraising to $123 billion year-to-date.
  • Fee-bearing capital increased 13% to $682 billion at quarter-end, driving a 15% rise in fee-related earnings.
  • Wealth Solutions distributable earnings grew 22% year-over-year, supported by the acquisition of Just Group and $4 billion in annuity sales.
  • Operating businesses generated stable cash flows with energy advancing nuclear initiatives via Westinghouse and real estate rents increasing 16% above expiring levels.
  • The company realized $222 million of net carried interest during the quarter, with total LTM realized carried interest at $588 million.
  • Brookfield repurchased over $300 million of shares since the last report, bringing year-to-date share repurchases to approximately $900 million.
  • Asset sales advanced $53 billion year-to-date, including $20 billion during the quarter across real estate, infrastructure, energy, private equity, and credit assets.
  • The company holds $207 billion in deployable capital, including $5.4 billion in liquidity at the Corporation level.
  • Corporate debt has a weighted-average term of 14 years with no maturities due in 2026.
  • A corporate simplification transaction is expected to complete on December 1, 2026, with Class A shares trading under the symbol "BN" starting December 3, 2026.
  • A cash distribution of $0.07 per share will be paid on December 31, 2026, to shareholders of record as of December 16, 2026.
  • The dividend reinvestment plan (DRIP) will terminate on November 17, 2026.
Company
Brookfield Corporation
Keywords
NYSE:BN, Brookfield Corporation