|Bid||62.82 x 0|
|Ask||62.85 x 0|
|Day's Range||62.63 - 63.09|
|52 Week Range||49.87 - 65.06|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||20.02|
|Forward Dividend & Yield||0.86 (1.33%)|
|1y Target Est||52.00|
Private equity firms such as Blackstone , Brookfield Asset Management, Mirae Asset Management, and SoftBank-owned Fortress have put in bids of up to $5.8 billion for Anbang Insurance's portfolio of U.S. ...
Brookfield Asset Management Inc. (BAM) (BAM-A.TO) (BAMA.NX) (“Brookfield”) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the renewal of its normal course issuer bid to purchase up to 82,530,440 Class A Limited Voting Shares (“Class A Shares”), representing 10% of the public float of Brookfield’s outstanding Class A Shares. Purchases under the bid will be made through the facilities of the TSX, the New York Stock Exchange (“NYSE”), and/or alternative trading systems.
Blackstone Group LP, South Korea’s Mirae Asset Management, and GIC Pte, Singapore’s sovereign wealth fund, are also among the bidders for the hotels, the Financial Times reported earlier today, citing unnamed sources. Representatives for Fortress, owned by Japan’s Softbank Group Corp., and Brookfield declined to comment. Anbang hired Bank of America Inc. to sell the hotels, which include Westin St. Francis in San Francisco, the Loews Santa Monica Beach Hotel, the Fairmont in Chicago, the JW Marriott Essex House in New York and the Four Seasons in Jackson Hole, Wyoming.
Brookfield Asset Management's (BAM) chief executive wants Howard Marks, the veteran distressed debt guru and co-founder of Oaktree Capital, to continue his investment work, including his letters to clients, for years to come. BAM announced that it will take a majority stake in Oaktree in March, with the surprise move sparking speculation that Brookfield's chief executive Bruce Flatt could become an heir to Oaktree's 73-year-old investing "legend".
The California State Teachers’ Retirement System is getting deeper into real estate, acquiring a majority interest in a San Diego-based multifamily investment and development firm.
WELLINGTON/SYDNEY, May 13 (Reuters) - Vodafone Group Plc on Monday agreed to sell its New Zealand business for NZ$3.4 billion ($2.23 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management, in a deal the telecom giant says would help reduce its debt. Vodafone has been trying to shrink its businesses in Australia and New Zealand to focus on European markets, and is fighting regulators that last week moved to block a A$15 billion ($10.4 billion) deal to merge its Australian joint venture business with TPG Telecom.
Vodafone is looking to consolidate its businesses in Australia and New Zealand, with an $11 billion deal underway to merge its Australian joint venture business with TPG Telecom. Deutsche Bank and Deutsche Craigs Limited are acting as financial advisers to Vodafone, the company said. Vodafone, in 2017, had tried to sell Vodafone NZ to Sky Network Television for NZ$3.44 billion ($2.3 billion) but failed to get regulatory clearance because of monopoly concerns.
Vodafone Group Plc said on Monday that it agreed to sell its New Zealand business to a consortium for about 2.1 billion euros ($2.36 billion). The consortium comprises of New Zealand-based Infratil Limited and Brookfield Asset Management, Vodafone said. Vodafone added that, on completion of the deal, it would enter into an deal with Vodafone New Zealand to allow it to use its brand name and certain services.
The Toronto-based company said it had profit of 58 cents per share. The asset management company posted revenue of $15.21 billion in the period. Brookfield Asset Management shares have increased 23% since ...
Net Income of $1.3 billion or $0.58 per shareFFO of $1.1 billion or $1.04 per share BROOKFIELD, News, May 09, 2019 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A,.
Brookfield Properties has promised to consider more revisions to its plans for an 11-story office building at The Yards in Southeast D.C. in response to concerns voiced by interested parties including the U.S. Commission of Fine Arts. As designed by Gensler, the 295,000-square-foot building by N Street and New Jersey Avenue SE would include a two-story base topped by a nine-story "dual-access tower" with a six-story "window wall," per project documents. The CFA voted unanimously April 18 to oppose the project's design and followed up April 25 with a sharply worded letter criticizing its "collision of conflicting geometries" and "clumsy composition," among other things.
“We are launching a fund in the next month or two,” Brookfield Property Partners LP Chief Executive Officer Brian Kingston said Monday at the Milken Institute Global Conference in Beverly Hills, California. Goldman Sachs Group Inc., Starwood Capital Group, hedge fund EJF Capital LLC and New York-focused RXR Realty LLC are among firms that have begun making investments in opportunity zones or are raising money to do so.
Brazilian gas pipeline company Nova Transportadora do Sudeste (NTS) has registered to sell securities so it can sell bonds in the local market to refinance the deal in which it was acquired by Brookfield Asset Management, a source familiar with the matter said on Thursday. NTS registered with the country's securities industry watchdog CVM on Wednesday. Brookfield Asset Management had been planning a $1.6 billion bond sale denominated in reais since last year, which would be one of the largest recent debt transactions in the country.
Brookfield Properties hopes to demolish the Transportation Security Administration's Pentagon City headquarters and replace it with a mixed-use development poised to benefit from the pending arrival of Amazon.com Inc.'s second headquarters. The Toronto-based developer recently submitted plans to Arlington County to raze the TSA's headquarters at 601-701 12th St. S, asserting the the two buildings, built in 1983 and combining for 560,000 square feet, are obsolete. The TSA plans to move to new space in Springfield, and Venable LLP attorney Kendrick Whitmore, who is representing Brookfield in its development application, argued in supporting documents that the space cannot be marketed to new office tenants once the agency moves out.
A year ago, Cardone Industries signed a long-term lease — in excess of 10 years — to relocate its corporate offices and administrative functions from Northeast Philadelphia into a 53,920-square-foot building at 15 Kings Grant Way in Bala Cynwyd. The location was selected for its convenience and the space would be newly fit out and modern. Lease signed and deal done, Keystone Property Group moved ahead with securing a $14.75 million loan for the redevelopment of the vacant office building and work to build out the space is underway and will continue until completed. Despite that, Cardone may not be moving into its new space after all. “It has been put on hold but not canceled,” said George Zauflik about the Bala Cynwyd move in an earlier interview with the Philadelphia Business Journal this week.
Cardone Industries, a remanufacturer of vehicle auto parts that has a 45-year history in Philadelphia, is now in the control of Brookfield Asset Management Inc., a Toronto firm that was part of a $240 million loan extended to the company last fall. This means the Cardone family, which started the company and has seen its third-generation shepherd its growth as well as weather ups and downs through various economic cycles, has relinquished control over the company but maintains a minority interest in it. As part of the transition, 60 Cardone administrative employees have been let go from the company, said George Zauflik, senior vice president at the company. More layoffs are not expected this year though the company went through a round last year, he said. In addition, a planned move for its corporate offices to Bala Cynwyd has been put on hold.
If you are looking to invest in assets that generate reliable income, Brookfield Infrastructure and Kinder aren't interchangeable dividend plays.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Manulife Financial Corp is making ...
2019 First Quarter Conference CallDate: Thursday, May 9, 2019Time: 11:00 a.m. (Eastern Time)Annual Meeting of ShareholdersDate: Friday, June 14, 2019Time: 10:30 a.m..