|Bid||38.55 x 800|
|Ask||43.11 x 1300|
|Day's Range||41.44 - 42.25|
|52 Week Range||37.22 - 44.33|
|PE Ratio (TTM)||18.49|
|Forward Dividend & Yield||0.60 (1.45%)|
|1y Target Est||48.29|
BROOKFIELD, NEWS, June 15, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (TSX:BAM.A) (NYSE:BAM) (Euronext:BAMA) today announced that at the company`s annual and special meeting of shareholders ...
BROOKFIELD, NEWS, June 15, 2018-- Brookfield Asset Management Inc. today announced that at the company’ s annual and special meeting of shareholders held earlier today in Toronto, approximately 92% of ...
Brookfield Asset Management Inc., Canada’s largest alternative asset manager, may consider investing in the Trans Mountain pipeline -- if it would produce an attractive return. "We look at all infrastructure,” Chief Executive Officer Bruce Flatt said in an interview at the company’s annual general meeting in Toronto Friday. The federal government announced last month it would buy Kinder Morgan Canada Ltd.’s Trans Mountain pipeline system and its planned expansion project for C$4.5 billion ($3.4 billion).
Brookfield Asset Management Inc., Canada's largest alternative asset manager, may consider investing in the Trans Mountain pipeline - if it would produce an attractive return.
NEW YORK, June 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Virtu ...
has been quietly adding to its distressed debt investing capabilities over the past four years, building an internal team that invests in so-called liquid distressed strategies. The sprawling Canadian investment firm with $285 billion under management in real estate, private equity, and infrastructure, has deep roots in distressed debt investing, often taking control of companies through bankruptcy. The firm’s past forays into restructuring have grown out of each of its industry investing teams, who have jumped into distressed debt or auctions in bankruptcy when they spotted lucrative opportunities.
Brookfield Asset Management Inc. is weighing a sale of its North American industrial-property business IDI Logistics, according to people with knowledge of the matter. The business is owned by Brookfield’s real estate arm, Brookfield Property Partners LP. A deal for IDI Logistics would follow Brookfield’s sale last year of its European warehouse business, Gazeley, for $2.8 billion to Singapore’s Global Logistics Properties Ltd. IDI Logistics has 33 million square feet (3.1 million square meters) of assets under management as well as sites to develop an additional 20 million square feet of distribution facilities, according to a press release last month.
A low profile hasn't stopped the Canada's Brookfield from amassing some 400 million square feet of commercial space or from outperforming other global real estate investment firms on nearly every financial metric that counts.
The deal, which was expected, was announced Friday by Vornado, one of the largest real-estate investment trusts in the U.S. and a major New York property owner. As part of the deal, the debt on 666 Fifth will be repaid, Vornado said, without specifying the amount. Brookfield has agreed to pump hundreds of millions of dollars of fresh capital into 666 Fifth, according to people familiar with the matter.
All amounts in Canadian dollars unless otherwise stated. BROOKFIELD, NEWS, June 01, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (TSX:BAM.A) (NYSE:BAM) (Euronext:BAMA) ("Brookfield") ...
All amounts in Canadian dollars unless otherwise stated.. BROOKFIELD, NEWS, June 01, 2018-- Brookfield Asset Management Inc. today announced that it has determined the quarterly dividend on its floating ...
If you are looking to invest in Brookfield Asset Management Inc’s (TSX:BAM.A), or currently own the stock, then you need to understand its beta in order to understand how itRead More...
Moody's Investors Service affirmed the Baa2 unsecured debt rating of Brookfield Asset Management Inc. (Brookfield) and related issuers following a change in the applicable rating methodology. The ratings affirmation reflects the sustainability of cash flow generated by Brookfield's core holdings in property, power, infrastructure, and private and public funds.
Australian hospital group Healthscope Ltd (HSO.AX) rejected two takeover approaches on Tuesday and said it will instead explore selling its properties, in what analysts called a risky move that could invite a more favourable takeover bid. The bids come less than four years since the country's second-biggest private hospital operator went public. During that time, the firm has issued at least two profit warnings as Australians increasingly opted for public health services, pushing its shares below their initial public offering price.
Australian hospital group Healthscope on Tuesday rejected takeover offers worth more than $3 billion from rival suitors Brookfield Asset Management and BGH Capital, saying both offers undervalue the company. Healthscope also trimmed its earnings guidance and said it has put its Asian pathology business up for sale after receiving approaches from a number of parties. "The Directors have carefully considered each proposal and concluded that neither proposal adequately reflects the long term value of Healthscope, nor its underlying assets nor future potential," Healthscope Chairman Paula Dwyer said.
Australian hospital group Healthscope said on Tuesday it would not provide due diligence access for takeover offers worth more than $3 billion each from Brookfield Asset Management and BGH Capital, stating both offers undervalue the company. The company also said it expected core earnings from hospital operations to be in the range of A$340 million to A$345 million ($257.89 million-$261.68 million) for fiscal 2018, compared to core earnings of A$359.4 million in 2017.
Australian hospital operator Healthscope Ltd. said two competing takeover bids both undervalue the company and it won’t open its books to either suitor. Instead, Healthscope said Tuesday it was exploring whether to sell and lease back any of its 29 freehold properties, which have a book value of about A$1.3 billion ($986 million). Canada’s Brookfield Asset Management Inc. last week offered A$4.35 billion, or A$2.50 a share, in cash for Healthscope, topping a bid from private equity firm BGH Capital.
TORONTO, May 18, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (BAM) (BAM-A.TO) (BAMA.AS) ("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 82,315,909 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 any alternative Canadian trading system.
Brookfield Asset Management Inc. (BAM) (BAM-A.TO) (BAMA.AS) (“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 82,315,909 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 any alternative Canadian trading system.
The real-estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to purchase roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving President Donald Trump’s son-in-law and top adviser, Jared Kushner. If the deal is finalized, the venture would use the hundreds of millions of dollars of new capital from Brookfield to overhaul the property, which is about 30% vacant. Brookfield, one of the world’s largest commercial real-estate companies, has teamed up with the Kushners on other projects in the past, including redevelopment of the Monmouth Mall in New Jersey.
As you may recall, the Kushner family owns a troubled skyscraper in Manhattan located at 666 Fifth Avenue. Jared Kushner bought the building in 2007 for a record-setting $1.8 billion, a lofty price that marked the young developer's entry into high-profile New York dealmaking while also threatening to strain his family's personal finances should the transaction not work out. It begins with Kushner, who later became the son-in-law of President Donald Trump, in control of a building with low occupancy rates and not enough cash flow to comfortably manage payments on the buckets of debt he took on to buy it in the first place.
The company's decision to pursue a lease at this particular project is a milestone whose importance is hard to overstate — eliminating the biggest question still looming over the development.