Quarterly ResultMay 8, 2026, 06:48 AM
Brookfield Asset Management Q1 FRE $772M, Fundraised $21B
AI Summary
Brookfield Asset Management reported strong first quarter 2026 financial results, with Fee-Related Earnings (FRE) increasing 11% year-over-year to $772 million and Distributable Earnings (DE) growing 7% to $702 million. The company successfully raised $21 billion in the quarter, contributing to $67 billion year-to-date, and declared a quarterly dividend of $0.5025 per share. Strategic highlights include the acquisition of the Just Group investment mandate, adding $40 billion in fee-bearing capital, and significant share repurchases totaling $375 million in the quarter.
Key Highlights
- Q1 Fee-Related Earnings (FRE) increased 11% YoY to $772 million.
- Q1 Distributable Earnings (DE) increased 7% YoY to $702 million.
- Fundraised $21 billion in Q1 2026, and $67 billion year-to-date.
- Declared a quarterly dividend of $0.5025 per share.
- Fee-bearing capital grew 12% YoY to $614 billion.
- Deployed or committed $34 billion and monetized $8 billion in Q1.
- Awarded $40 billion Just Group investment mandate, generating $100 million annual base fee.
- Repurchased $375 million of BAM shares in Q1, $575 million year-to-date.