Brookfield 2Q Profit Rises on Asset Management Fees, Inflows
By Adriano Marchese
Brookfield posted a rise in second-quarter profit, driven by a surge in fee-related income and client inflows into its asset management arm.
The Toronto-based alternative asset management firm on Thursday posted net income of $364 million, or 14 cents a share, up from $272 million, or 10 cents a share, in the comparable quarter a year ago.
Distributable earnings before realizations, an adjusted figure, came to 61 cents a share. According to FactSet, analysts were expecting 62 cents a share.
Revenues rose to $19.41 billion from $18.08 billion.
The company's asset management division saw fee-related earnings rise by 20% compared to the prior year quarter.
The company said that it had a strong quarter for fundraising across its flagship and complementary strategies, which together with growth in credit, drove inflows of $77 billion and increased fee-bearing capital to $672 billion at quarter end.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
August 13, 2026 07:42 ET (11:42 GMT)
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