|Bid||0.00 x 2900|
|Ask||74.54 x 900|
|Day's Range||66.65 - 68.34|
|52 Week Range||43.80 - 68.34|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||26.14|
|Forward Dividend & Yield||0.72 (1.06%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||70.83|
Net Income of $5.4 billion or $2.60 per shareFFO of $4.2 billion or $4.07 per share BROOKFIELD NEWS, Feb. 13, 2020 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A).
The company, which has 32 locations in six U.S. cities and London, has close ties with the project's developer.
Moody's Investors Service, ("Moody's") today assigned a B1 rating to Brookfield Residential Properties Inc.'s (BRPI) proposed senior unsecured $500 million notes due 2030. Revenues are approximately $2.1 billion.
Deborah Ratner Salzberg quietly stepped down from Brookfield Properties at the end of 2019, a year after the company's $11.4 billion acquisition of Forest City Realty Trust Inc. Salzberg, who served as president of Forest City Washington, agreed to stay on for a year after the blockbuster acquisition to help with the local transition, according to a statement from Ric Clark, chairman of Brookfield Property Group (NYSE: BAM). The daughter of Forest City co-chair Albert Ratner, Salzberg was named one of the Washington Business Journal's Women Who Mean Business in 2012.
BROOKFIELD NEWS, Feb. 07, 2020 -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) announced today the closing of its latest flagship global.
The developer teased lease negotiations with a prospective tenant that would occupy almost 20% of the high-rise's office space. Meanwhile, AllianceBernstein is preparing to move its headquarters into the building late this summer, as its anchor tenant.
LONDON/FRANKFURT, Feb 5 (Reuters) - China's HNA Group is resuming efforts to find a buyer for airport luggage handler Swissport despite facing a loss of several hundred million dollars on its initial $2.8 billion investment, four sources familiar with the matter told Reuters. The Chinese conglomerate has rekindled talks with several heavyweight investment funds as it needs to raise cash to cut its debts, the sources said. Rothschild is helping HNA identify prospective bidders, who are hoping to buy the Zurich-based business on the cheap after previous attempts to sell it stalled last year, the sources said, speaking on condition of anonymity because the process is not public.
On a busy stretch of Manhattan’s Fifth Avenue a few blocks south of Trump Tower, a decaying skyscraper stands as a rebuke to the $1.8bn deal that Jared Kushner helped his family sign a decade ago, at the age of 26. The Qatari finance minister Ali Shareef al-Emadi met Mr Kushner’s father in 2017, although Charles Kushner has said he took the appointment “out of respect” and stressed there could be no deal. Brookfield is a name that towers over the global investment industry, even if it receives less scrutiny or attention than rivals of similar size.
FRANKFURT/DUESSELDORF, Feb 4 (Reuters) - Finland's Kone and private equity firms are battling to buy ThyssenKrupp's prized elevator division worth more than 15 billion euros ($16.6 billion), a deal which would be Europe's biggest private equity deal in 13 years. Thyssenkrupp says it will either list the business, sell either a stake or the business in its entirety as the company aims to cut 12.4 billion euros ($13.7 billion) in debt and pension liabilities. * Kone has submitted a 17 billion euro non-binding bid, including a roughly 3-billion break fee, beating three private equity consortia whose offers were between 15-16 billion.
Spanish industrial holding ACEK is putting its wind power company Elawan Energy up for sale in a potential $2 billion deal as it seeks to cash in on high sector valuations, people close to the matter said. ACEK, which also owns a 70% stake in car parts maker Gestamp , is working with investment bank Lazard to explore a sale, hoping to attract the interest of utilities and infrastructure funds looking to bulk up in the space, three sources said. Pension and infrastructure funds have also been investing more in renewable energy, to capitalise on the steady returns assets generate.
Canada's Brookfield Asset Management Inc has received the go-ahead from Brazilian antitrust regulator Cade for certain solar energy projects in the country's northeast, according to a decision published in the government's official gazette on Tuesday. The solar power plants, to be built in the state of Ceará, will have total capacity to produce 278 MW of electricity, according to a description of the projects in Cade's decision. The move underscores Brookfield's drive to expand its presence in Brazil's electricity sector, where it operates hydro power dams, wind farms and electricity transmission assets.
The Ivy League school owns more than $100 million in Owl Rock Capital stock, which has dropped 11% so far in January. Brown also disclosed big positions in LIberty Broadband, Brookfield Asset Management, and DocuSign stock.
Brookfield Properties has suspended plans to launch a major redevelopment of the Transportation Security Administration's headquarters in Pentagon City once the federal agency moves to its new home in Springfield in mid- to late 2020. The developer recently agreed to put on hold the application it submitted in 2019 to remake the property at 601-701 South 12th St. as the result of talks with Arlington County staffers, said Abe Naparstek, executive vice president of development at Brookfield. Rather, he said, it's a reflection of the new reality that Amazon's HQ2 has created in the neighborhood.
Thyssenkrupp has shortlisted three private equity consortia in the auction of its prized 15 billion euro ($16.62 billion) elevator business, people close to the matter said, adding that peer Kone could still submit a bid later this month. A consortium of buyout groups Advent and Cinven, which are working with Germany's RAG Stiftung remain in the running as does a bidding team led by Carlyle and Blackstone, and a third group led by Brookfield, the people said. Kone, which is working with private equity firm CVC, has been given time until January 27 to submit an offer, the sources said.
Date: Thursday, February 13, 2020Time: 11:00 a.m. (Eastern Time) BROOKFIELD, NEWS, Jan. 17, 2020 -- You are invited to participate in Brookfield Asset Management’s 2019.
FRANKFURT/DUESSELDORF, Germany (Reuters) - Canada's Brookfield Asset Management has teamed up with Singapore state investor Temasek Holdings [TEM.UL] in the auction for Thyssenkrupp's prized 15 billion euro ($16.6 billion) elevator division, two people familiar with the matter said on Friday. The tie-up creates another powerful private equity consortium for the asset, which Thyssenkrupp plans to sell or list, ahead of a Jan. 13 deadline for binding bids. Brookfield and Temasek both declined to comment.
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