Brookfield Asset Management Ltd. (BAM) Q4 2024 Earnings Conference Call
On February 12, 2025, at 9:00 AM ET, Brookfield Asset Management Ltd. (BAM) held its Q4 2024 earnings conference call. The call was led by Bruce Flatt, the Chief Executive Officer, Connor Teskey, the President, Hadley Peer Marshall, the Chief Financial Officer, and Jason Fooks, the Managing Director, Investor Relations. Participating in the call were various analysts, including Cherilyn Radbourne from TD Securities, Alexander Blostein from Goldman Sachs, Benjamin Rubin from UBS, Michael Cyprys from Morgan Stanley, Kenneth Worthington from JPMorgan, Michael Brown from Wells Fargo, Nik Priebe from CIBC Capital Markets, and Dan Fannon from Jefferies, among others. Mario Saric from Scotiabank and Robert Kwan from RBC Capital Markets also joined the call.
Company Highlights
During the call, the executives provided an update on the company’s performance in Q4 2024. They reported strong results, with revenues increasing by 12% year-over-year to $14.3 billion. Net income attributable to common shareholders came in at $1.2 billion, representing a 15% increase from the previous year. The company’s adjusted funds from operations (AFFO) rose by 13% to $1.1 billion.
Business Segments
BAM operates in three main business segments: Real Estate, Infrastructure, and Renewable Power. In the Real Estate segment, the company reported a 10% increase in revenues, driven by higher rental income and property valuations. The Infrastructure segment saw a 15% increase in revenues, thanks to the contribution of recent acquisitions and higher revenues from existing assets. The Renewable Power segment experienced a 20% increase in revenues, thanks to the addition of new wind and solar projects.
Outlook
Looking ahead, the executives expressed confidence in the company’s ability to continue delivering strong results. They highlighted the potential for growth in the Infrastructure and Renewable Power segments, as well as the resilience of the Real Estate segment. The company also announced a $1 billion share buyback program, which is expected to be completed by the end of 2025.
Impact on Individual Investors
The strong earnings report and positive outlook from BAM’s executives are likely to be welcomed by individual investors. The company’s consistent performance and growth prospects make it an attractive investment option for those seeking stable, long-term returns. Additionally, the announcement of a share buyback program is a positive sign for shareholders, as it indicates the company’s confidence in its own stock and its belief that it is undervalued in the market.
Impact on the World
BAM’s strong earnings report and growth prospects are a positive sign for the global economy. The company’s success in the Infrastructure and Renewable Power segments highlights the growing importance of these sectors in the global economy. Additionally, BAM’s continued investment in real estate shows confidence in the resilience of this sector, even in uncertain economic times. Overall, BAM’s performance is a positive indicator of the health of the global economy and the potential for continued growth.
Conclusion
In conclusion, Brookfield Asset Management Ltd.’s Q4 2024 earnings call was a strong one, with the company reporting solid results and a positive outlook for the future. The company’s performance in the Infrastructure and Renewable Power segments, as well as the resilience of the Real Estate segment, is a positive sign for investors and the global economy. The announcement of a $1 billion share buyback program is an added bonus for shareholders. Overall, BAM’s success is a testament to the company’s strong business model and its ability to adapt to changing market conditions.
- BAM reported strong Q4 2024 earnings, with revenues of $14.3 billion, net income of $1.2 billion, and AFFO of $1.1 billion
- The company operates in three main business segments: Real Estate, Infrastructure, and Renewable Power
- Executives expressed confidence in the company’s ability to continue delivering strong results
- The strong earnings report and positive outlook are likely to be welcomed by individual investors
- BAM’s success in the Infrastructure and Renewable Power segments is a positive sign for the global economy
