Concurrent Investment Advisors LLC boosted its holdings in Brookfield Corporation (NYSE:BN – Free Report) by 520.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,684 shares of the company’s stock after purchasing an additional 39,994 shares during the period. Concurrent Investment Advisors LLC’s holdings in Brookfield were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new position in shares of Brookfield during the 4th quarter worth about $26,000. Quattro Advisors LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at about $26,000. Truvestments Capital LLC raised its holdings in Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Entrust Financial LLC bought a new stake in Brookfield during the fourth quarter worth about $35,000. Finally, Delta Asset Management LLC TN boosted its position in Brookfield by 49.8% during the fourth quarter. Delta Asset Management LLC TN now owns 935 shares of the company’s stock valued at $43,000 after purchasing an additional 311 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Price Performance Shares of NYSE BN opened at $39.29 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average price is $42.60 and its two-hundred day moving average price is $43.28. The company has a market cap of $96.32 billion, a PE ratio of 71.43 and a beta of 1.53. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56.
Brookfield (NYSE:BN – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Brookfield had a return on equity of 3.93% and a net margin of 1.85%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. On average, analysts predict that Brookfield Corporation will post 2.93 EPS for the current year. Brookfield Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 14th. Brookfield’s dividend payout ratio is 50.91%.
Analyst Upgrades and Downgrades BN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Scotiabank reiterated an “outperform” rating and set a $54.00 price objective (up from $53.00) on shares of Brookfield in a research note on Friday, August 14th. Morgan Stanley set a $59.00 price objective on Brookfield and gave the company an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. Finally, TD boosted their target price on shares of Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.40.
Check Out Our Latest Stock Report on Brookfield
About Brookfield (Free Report)
Brookfield Corporation (NYSE: BN) is a global investment and asset management company that owns and operates businesses across real estate, renewable power and transition, infrastructure, and private equity. Through its operating platforms and investments, the company is involved in assets such as office, retail, multifamily and logistics properties; hydroelectric, wind and solar facilities; transportation, data and utility infrastructure; and companies in industries including industrials, technology and business services.
Brookfield also maintains a significant interest in Brookfield Asset Management, an alternative asset manager that manages capital for institutional and individual investors.
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Brookfield Infrastructure offers a rare mix of undervaluation, ~5% yield, and 6-7% dividend growth, with 85% of revenues regulated or contracted. The BIP-BIPC unification eliminates the K-1 burden, removes the partnership discount, enhances liquidity, and is expected to catalyze near-term price appreciation. Fair value is estimated at ~$48, implying 28.5% upside from current levels, supported by both historical multiples and a dividend discount model.
Brookfield Property Partners L.P. preferreds are backed by a complex structure with oversight from Brookfield Corporation and Brookfield Asset Management. BPYPM receives a Sell rating due to its lower yield, while BPYPN is rated Buy as its lower coupon suggests it will be the last to be called. All BPY preferreds are cumulative, past call dates, and offer high yields; dividend coverage and total equity provide comfort on principal security.
All amounts in Canadian dollars unless otherwise stated.
BROOKFIELD, NEWS, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that it intends to redeem all of its Cumulative Redeemable Class A Preference Shares, Series 51 (the “Series 51 Shares”) (TSX: BN.PF.K) and all of its Cumulative Redeemable Class A Preference Shares, Series 52 (the “Series 52 Shares”) (TSX: BN.PF.L) for cash on November 1, 2026 (the “Redemption Date”). The redemption price for each Series 51 Share will be $22.44, together with all accrued and unpaid dividends up to but excluding the Redemption Date. The redemption price for each Series 52 Share will be $22.00. Holders of the Series 52 Shares of record as of October 15, 2026 will also receive the previously declared final quarterly dividend of $0.151250 per Series 52 Share, payable on October 30, 2026.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.
We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
For more information, please visit our website at www.bn.brookfield.com or contact:
On August 25, 2026, we conducted a DCF analysis for Brookfield Corp (BN), which has experienced a challenging price performance recently, with a year-to-date de
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BAM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Unbeknown to some rookie investors, high oil prices can stoke enthusiasm for clean energy stocks. It happened in 2022. Soon after Russia invaded Ukraine, oil prices spiked, sending the S&P Global Clean Energy Transition Index into rally mode.
Though not in jaw-dropping fashion, that scenario is playing out again this year, with that index up nearly 9% year to date as of Aug. 19. Renewable energy stocks rising in tandem with rising fossil fuel prices makes sense.Elevated crude prices can be demand-destructive, and when that situation arises due to geopolitical events, governments around the world increasingly view energy security as national security, prompting deeper consideration of renewables.
Brookfield Renewable stock looks worse today than it did six months ago. Image source: Getty Images.
However, oil's positive reverberations on clean energy equities don't play out uniformly. Just look at Brookfield Renewable (BEPC -0.57%), whose shares are off 21.2% over the past six months. That decline, which represents a bear market, may sound like a buying opportunity, but this energy stock isn't in a better place than it was six months ago. Here's why.
Fed a foe to Brookfield Renewable Undoubtedly, some investors may be enticed by Brookfield Renewable's 4.7% yield, which makes it one of the stalwarts of the renewable energy dividend stock sphere. Now isn't the time to give in to dividend temptation with this stock.
The reason is that -- and this explains why the stock isn't in a better position today than it was six months ago -- Brookfield often heads to the capital markets to sell equity or debt. In terms of raising cash via the bond market, now isn't the time for that strategy because interest rates are high, meaning corporate borrowers will be subject to higher interest payments when they issue debt.
Compounding that issue is the fact that several members of the Federal Reserve want the central bank to raise rates to fight off inflation. There's another rate-related matter to consider with Brookfield. The company is an active seller of mature assets, using the proceeds raised to reinvest in its business and pursue new deals.
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While Brookfield is on a brisk pace of "capital recycling" in 2026, its ability to efficiently offload assets could be crimped if prospective buyers can't pay in cash and are forced to raise capital at higher interest rates. So, like traditional clean energy stocks, Brookfield is vulnerable to higher interest rates, and a higher-for-longer interest rate environment makes it difficult to embrace this stock.
Wait, but don't ignore Brookfield is an interesting case because the stock's slump and interest rate woes confirm that the shares are significantly weaker and riskier than they were in March. Those are reasons to pass on the stock for now, but "pass" and "ignore" are different strategies.
Risk-tolerant long-term investors may want to monitor this stock because, despite the aforementioned challenges, interest rates will eventually come down, and the company has attractive fundamentals. Brookfield reported record funds from operations (FFO) in the second quarter, and, as noted above, its asset recycling program has been strong.
If Brookfield can articulate artificial intelligence (AI) power demand benefits and leverage reduction progress to investors, the stock could offer some upside down the road. Just wait for the rate dust to settle before jumping in.
BROOKFIELD, News, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield Renewable”) today announced that it has agreed to issue C$750 million aggregate principal amount of medium term notes (the “Notes”), comprised of C$400 million aggregate principal amount of Series 21 Notes (the “Series 21 Notes”), due August 13, 2036, which will bear interest at a rate of 4.949% per annum and C$350 million aggregate principal amount of Series 22 Notes (the “Series 22 Notes”), due August 13, 2031, which will bear interest at a rate of 4.256% per annum.
Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries.
The Notes will be issued pursuant to a base shelf prospectus dated September 26, 2025 and a related prospectus supplement and pricing supplements to be dated August 20, 2026. The issue is expected to close on or about August 24, 2026 subject to customary closing conditions.
The Series 21 Notes and Series 22 Notes will represent Brookfield Renewable’s nineteenth and twentieth green labelled corporate securities issuances in North America, respectively. Brookfield Renewable intends to use the net proceeds from the sale of the Notes to fund Eligible Investments (as defined in Brookfield Renewable’s 2024 Green Financing Framework (the “Green Financing Framework”)), including to repay outstanding indebtedness incurred in respect thereof. The Green Financing Framework is available on Brookfield Renewable’s website and described in the prospectus supplement in respect of the offering.
The Notes have been rated BBB+ by S&P Global Ratings, BBB (high) with a stable trend by DBRS Limited and BBB+ by Fitch Ratings.
The Notes are being offered through a syndicate of agents led by RBC Capital Markets, BMO Capital Markets, Scotiabank, CIBC Capital Markets, National Bank Capital Markets and TD Securities, and including Desjardins, Brookfield Securities Canada, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko and iA Private Wealth Inc.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation.
Brookfield Renewable is the flagship listed energy company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management.
Note: This news release contains forward-looking statements and information within the meaning of Canadian securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as “will”, “expected”, “intend”, or variations of such words and phrases. Forward-looking statements in this news release include statements regarding the closing, the terms and the use of proceeds of the offering of Notes. Although Brookfield Renewable believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove to have been correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Renewable to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days.
BROOKFIELD, News, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that it has agreed to issue 4,000,000 5.75% Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units, Series 19 (the “Series 19 Preferred Units”) on a bought deal basis to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, National Bank of Canada Capital Markets, RBC Capital Markets and TD Securities Inc. for distribution to the public. The Series 19 Preferred Units are being issued by Brookfield Infrastructure L.P. (“BILP”), a subsidiary of Brookfield Infrastructure Partners L.P. (“BIP”), and will be fully and unconditionally guaranteed by BIP and BIPC Holdings Inc., a subsidiary of BIP. The Series 19 Preferred Units will be issued at a price of $25.00 per unit, for gross proceeds of $100,000,000.
Holders of the Series 19 Preferred Units will be entitled to receive a cumulative quarterly fixed distribution at a rate of 5.75% annually for the initial period ending September 30, 2031. Thereafter, the distribution rate will be reset every five years at a rate equal to the greater of (i) the 5-year Government of Canada bond yield plus 2.35%, and (ii) 5.75%. The Series 19 Preferred Units are redeemable by BILP on September 30, 2031 and on each Series 19 Reclassification Date (as defined below) thereafter.
Holders of the Series 19 Preferred Units will have the right, at their option, to reclassify their Series 19 Preferred Units into Cumulative Floating Rate Reset Class A Preferred Limited Partnership Units, Series 20 (the “Series 20 Preferred Units”), subject to certain conditions, on September 30, 2031 and on September 30 every five years thereafter (each, a “Series 19 Reclassification Date”). Holders of Series 20 Preferred Units will be entitled to receive a cumulative quarterly floating distribution at a rate equal to the 90-day Canadian Treasury Bill yield plus 2.35%.
Brookfield Infrastructure has granted the underwriters an option, exercisable until 48 hours prior to closing, to purchase up to an additional 2,000,000 Series 19 Preferred Units which, if exercised, would increase the gross offering size to $150,000,000.
The Series 19 Preferred Units will be offered in all provinces and territories of Canada by way of a prospectus supplement to BILP’s existing Canadian short form base shelf prospectus dated August 7, 2026. The Series 19 Preferred Units may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act (as defined below).
Brookfield Infrastructure intends to use the net proceeds of the issue of the Series 19 Preferred Units for general corporate purposes. The offering of Series 19 Preferred Units is expected to close on or about August 27, 2026.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Access to the prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of the Series 19 Preferred Units is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering will be accessible within two business days at www.sedarplus.ca.
An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from any of the joint bookrunners by contacting Scotiabank by email at [email protected], BMO Capital Markets by email at [email protected], CIBC Capital Markets by email at [email protected], National Bank of Canada Capital Markets by email at [email protected], RBC Capital Markets by email at [email protected], and TD Securities Inc. by email at [email protected].
About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager, headquartered in New York with over US$1 trillion of assets under management.
This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words “will”, “intends” and “expected” derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements or information in this news release include statements regarding use of proceeds and closing of the offering.
Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties, which could cause actual results to differ materially from those contemplated or implied by the forward-looking statements or information in this news release. Such risks and factors are described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under “Risk Factors” in BIP’s most recent Annual Report on Form 20-F and other risks and factors that are described therein. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
BROOKFIELD, NEWS, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield” or “the Company”) (TSX: BN, NYSE: BN) 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 10% of the public float of each series of the Company’s outstanding Class A Preference Shares that are listed on the TSX (the “Preferred Shares”). Purchases under the bid will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The period of the normal course issuer bid will extend from August 24, 2026 to August 23, 2027, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Preferred Shares purchased or such other price as may be permitted.
Under the normal course issuer bid, Brookfield is authorized to repurchase each respective series of the Preferred Shares as follows:
SeriesTickerIssued and
outstanding
shares1Public floatAverage daily
trading volume2Maximum number of shares subject to
purchase3
TotalDaily
Series 2BN.PR.B10,220,17510,220,1754,7341,022,0171,183Series 4BN.PR.C3,983,9103,983,9101,612398,3911,000Series 13BN.PR.K8,792,5968,792,5965,605879,2591,401Series 17BN.PR.M7,840,2047,840,2043,115784,0201,000Series 18BN.PR.N7,681,0887,681,0883,470768,1081,000Series 24BN.PR.R10,808,02710,808,02710,3761,080,8022,594Series 26BN.PR.T9,770,9289,770,9287,236977,0921,809Series 28BN.PR.X9,233,9279,233,9274,031923,3921,007Series 30BN.PR.Z9,787,0909,787,0903,513978,7091,000Series 32BN.PF.A11,750,29911,750,2997,4081,175,0291,852Series 34BN.PF.B9,876,7359,876,7354,315987,6731,078Series 36BN.PF.C7,842,9097,842,9093,694784,2901,000Series 37BN.PF.D7,830,0917,830,0913,136783,0091,000Series 38BN.PF.E7,906,1327,906,1324,867790,6131,216Series 40BN.PF.F11,841,02511,841,0255,7381,184,1021,434Series 42BN.PF.G11,887,50011,887,5004,9431,188,7501,235Series 46BN.PF.I11,740,79711,740,79710,4571,174,0792,614Series 48BN.PF.J11,885,97211,885,9725,1611,188,5971,290Series 51BN.PF.K3,202,9863,202,9862,842320,2981,000Series 52BN.PF.L1,157,4801,157,4804,097115,7481,024Series 54BN.PF.M10,000,00010,000,0007,3561,000,0001,839 As of August 12, 2026, under its current normal course issuer bid that commenced on August 22, 2025 and will expire on August 21, 2026, and which was approved by the TSX, Brookfield purchased 251,500 shares of the Preferred Shares, Series 51 at a weighted average price of C$17.86 per share of which 131,500 shares was made on the TSX. The Company also purchased 23,300 shares of the Preferred Shares, Series 52 at a weighted average price of C$17.55 per share on the TSX.
Brookfield believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase Preferred Shares where it aligns with the Company’s investment and capital allocation strategies. All Preferred Shares acquired by Brookfield under this bid will be cancelled.
Brookfield intends to enter into an automatic share purchase plan on or about the week of September 21, 2026 in relation to the normal course issuer bid. The automatic share purchase plan will allow for the purchase of Preferred Shares, subject to certain trading parameters, at times when Brookfield ordinarily would not be active in the market due to its own internal trading black-out period, insider trading rules or otherwise. Outside of these periods, the Preferred Shares will be repurchased in accordance with management’s discretion and in compliance with applicable law.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.
We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
For more information, please visit our website at www.bn.brookfield.com or contact:
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which in turn are based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to potential future purchases by Brookfield of its Preferred Shares pursuant to the Company’s normal course issuer bid and automatic share purchase plan.
Although Brookfield Corporation believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) returns that are lower than target; (ii) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; (iii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; (v) strategic actions including acquisitions and dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; (vi) changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); (vii) the ability to appropriately manage human capital; (viii) the effect of applying future accounting changes; (ix) business competition; (x) operational and reputational risks; (xi) technological change; (xii) changes in government regulation and legislation within the countries in which we operate; (xiii) governmental investigations and sanctions; (xiv) litigation; (xv) changes in tax laws; (xvi) ability to collect amounts owed; (xvii) catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; (xviii) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (xix) the introduction, withdrawal, success and timing of business initiatives and strategies; (xx) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xxi) health, safety and environmental risks; (xxii) the maintenance of adequate insurance coverage; (xxiii) the existence of information barriers between certain businesses within our asset management operations; (xxiv) risks specific to our business segments including asset management, wealth solutions, renewable power and transition, infrastructure, private equity, real estate and corporate activities; and (xxv) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.
We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release or such other date specified herein. Except as required by law, Brookfield Corporation undertakes no obligation to publicly update or revise any forward- looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
_________________________________
1 As at August 12, 2026
2 Calculated for the six-month period ended July 31, 2026.
3 In accordance with TSX rules, any daily repurchases on the TSX with respect to (i) the Series 4, Series 17, Series 18, Series 30, Series 36, Series 37 and Series 51 Preferred Shares will be limited to 1,000 shares of the respective series and (ii) each of the other series of Preferred Shares (excluding the Series 4, Series 17, Series 18, Series 30, Series 36, Series 37 and Series 51 Preferred Shares) will be limited to 25% of the average daily trading volume on the TSX of the respective Preferred Shares.
On August 18, 2026, we conducted a DCF analysis for Brookfield Corp (BN), which has seen a decline in its stock price performance over the past year. The curren
Investors in Brookfield Infrastructure Partners L.P. (BIPC - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 16, 2026 $30 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Brookfield Infrastructure shares, but what is the fundamental picture for the company? Currently, Brookfield Infrastructure is a Zacks Rank #3 (Hold) in the Utility - Gas Distribution industry that ranks in the Bottom 35% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of 38 cents per share to a loss of 56 cents in that period.
Given the way analysts feel about Brookfield Infrastructure right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Australia's Reliance Worldwide Corporation (RWC.AX) said on Tuesday that Brookfield Capital Partners LLC had sweetened its offer to buy the plumbing solutions company for an enterprise value of A$4.1 billion ($2.91 billion).
Under the proposed deal, Brookfield would acquire all outstanding ordinary shares of Reliance for A$4.75 apiece in cash, implying an equity valuation of A$3.55 billion for the Australian firm. Reliance said Brookfield had made a series of unsolicited, non-binding, indicative offers in April and May at A$4.15, A$4.25 and A$4.50 a share, all in cash.
Reliance also said it has signed a process deed with Brookfield to move the proposal forward. Under the agreement, Reliance cannot solicit or discuss competing offers and does not have to share information with other potential bidders during a four-week period from August 17 to September 15.
If a scheme implementation deed is entered between the two parties, it would give Reliance 30 days to seek and negotiate potentially better offers from others.
Reliance has appointed Goldman Sachs and Oaktower Partnership as financial advisers for the proposal.
All dollar references are in U.S. dollars, unless noted otherwise.
BROOKFIELD NEWS, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on September 29, 2026, to holders of record at the close of business on September 1, 2026.
Brookfield Property Partners
Brookfield Property Partners is one of the world’s premier real estate companies. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing and self-storage.
Brookfield Property Partners is a subsidiary of Brookfield Corporation (NYSE: BN, TSX: BN). More information is available at www.brookfield.com.
Brookfield Corporation delivered a Q2 earnings beat, with $0.66 EPS and $19.41B revenue, and maintains a disciplined capital allocation strategy. BN targets 20% annualized distributable earnings growth over five years, aiming for $5.35 per share by 2030, supported by $53B projected free cash flow. Management is capitalizing on secular trends—digitalization, deglobalization, and decarbonization—leveraging expertise in infrastructure, energy, and real assets.
Brookfield Wealth Solutions is rapidly expanding through acquisitions in annuities and insurance, now merging back into Brookfield Corporation via a 1-1 stock exchange. Q2 revenues surged over 60% year-on-year to $2bn, but net income dropped sharply, with a half-year net loss of $453m driven by volatile investment results. Benefits and operating expense ratios deteriorated, with the half-year benefits ratio rising to 103% and operating expenses exceeding 32%, raising sustainability concerns.
BROOKFIELD, News, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (NYSE, TSX: BBUC) today announced that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A subordinate voting shares (“Shares”). Brookfield Business Corporation believes that the Shares may from time to time trade in a price range that does not fully reflect their value and that, in such circumstances, the acquisition of Shares may represent an attractive use of available funds.
At the close of business on August 7, 2026, there were 205,442,014 Shares issued and outstanding. Brookfield Business Corporation is authorized to purchase up to 10,272,100 Shares, representing up to 5% of the issued and outstanding Shares at the close of business on August 7, 2026. Under Brookfield Business Corporation’s normal course issuer bid, it may purchase up to 33,379 Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 133,517 Shares on the TSX for the period from March 31, 2026 to July 31, 2026.
Purchases are authorized to commence on August 19, 2026 and will terminate on August 18, 2027, or earlier should Brookfield Business Corporation complete its purchases prior to such date.
Brookfield Business Holdings Corporation (formerly, Brookfield Business Corporation) (“BBHC”) previously sought and received approval from the TSX to purchase up to 3,499,836 class A exchangeable subordinate voting shares of BBHC (“BBHC Shares”) under the normal course issuer bid for the period from August 19, 2025 to August 18, 2026. The normal course issuer bid was adopted by Brookfield Business Corporation upon completion of the corporate simplification of Brookfield Business Partners L.P. and BBHC into a single Canadian corporation on March 27, 2026. BBHC and Brookfield Business Corporation and their affiliates purchased an aggregate of 3,499,836 BBHC Shares and Shares (the maximum number approved for purchase) under the normal course issuer bid through the facilities of the TSX, the New York Stock Exchange (“NYSE”) and/or alternative trading systems in Canada and the United States at a weighted average price paid of US$32.98 per share.
Purchases of Shares will be made through the facilities of the TSX, the NYSE and/or alternative trading systems, and all Shares acquired by Brookfield Business Corporation under the normal course issuer bid will be cancelled. Purchases will be subject to compliance with applicable United States federal securities laws, including Rule 10b-18 under the United States Securities Exchange Act of 1934, as amended, as well as applicable Canadian securities laws.
Brookfield Business Corporation has entered into an automatic share purchase plan, which has been pre-cleared by the TSX, to allow for the purchase of Shares, subject to certain trading parameters, at times when Brookfield Business Corporation would ordinarily not be active in the market due to its own internal trading black-out periods, insider trading rules or otherwise. Outside of these periods, Shares will be purchased in accordance with management’s discretion and in compliance with applicable law. The actual number of Shares purchased under the automatic plan, the timing of such purchases and the price at which Shares are purchased will depend upon future market conditions.
Brookfield Business Corporation (NYSE, TSX: BBUC) is a global owner and operator of vital industrial and business services operations. Our objective is to acquire market-leading businesses for value, execute our operational improvement plans to increase cash flows and recycle capital to compound long-term growth. For more information, please visit https://bbuc.brookfield.com.
Brookfield Business Corporation is the flagship vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.
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Cautionary Statement Regarding Forward-Looking Statements and Information
Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Corporation, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.
Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Corporation to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation and volatility in the financial markets; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; changes to U.S. laws or policies, including changes in U.S. domestic economic policies and foreign trade policies and tariffs; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our most recently filed Form 20-F.
We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.
Brookfield Corporation (BN:CA) Q2 2026 Earnings Call August 13, 2026 10:00 AM EDT
Company Participants
Katie Battaglia
Bruce Flatt
Nicholas Goodman - President & CFO
Sachin Shah - Chief Executive Officer of Wealth Solutions
Conference Call Participants
Michael Cyprys - Morgan Stanley, Research Division
Bart Dziarski - RBC Capital Markets, Research Division
Cherilyn Radbourne - TD Cowen, Research Division
Mario Saric - Scotiabank Global Banking and Markets, Research Division
Kenneth Worthington - JPMorgan Chase & Co, Research Division
Alexander Blostein - Goldman Sachs Group, Inc., Research Division
Jaeme Gloyn - National Bank Financial, Inc., Research Division
Etienne Ricard - BMO Capital Markets Equity Research
Presentation
Operator
Good day, and welcome to the Brookfield Corporation Second Quarter 2026 Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference call over to our first speaker, Ms. Katie Battaglia, Vice President, Investor Relations. Please go ahead.
Katie Battaglia
Thank you, operator, and good morning. Welcome to Brookfield Corporation's Second Quarter 2026 Conference Call. On the call today are Bruce Flatt, our Chief Executive Officer; Nick Goodman, President of Brookfield Corporation; and Sachin Shah, Chief Executive Officer of our Wealth Solutions business.
Bruce will start off by giving a business update, followed by Nick, who will discuss our financial and operating results for the quarter. And finally, Sachin will provide an update on our Wealth Solutions business. After our formal comments, we will turn the call over to the operator and take analyst questions. In order to accommodate all those who want to ask questions, we request that you refrain from asking more than 2 questions. I would like to remind you that in today's comments, including in responding to questions and in discussing new initiatives in our financial and operating performance, we may make forward-looking statements, including forward-looking statements within the meaning of applicable Canadian and U.S. securities laws.
Why Bloom Energy May Be the Most Important AI Infrastructure StockBrookfield NYSE: BN reported second-quarter distributable earnings before realizations of $1.4 billion, or $0.61 per share, up 15% per share from a year earlier, as growth in asset management and wealth solutions supported results.
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Total distributable earnings, including realizations, were $1.5 billion, or $0.66 per share, for the quarter. Over the past 12 months, distributable earnings before realizations totaled $5.7 billion, or $2.39 per share.
Beyond the AI Trade: 3 Defensive Stocks Built for StabilityChief Executive Officer Bruce Flatt said the company raised $98 billion of capital, deployed $100 billion and monetized $40 billion of assets during the first half of 2026. It also completed $130 billion of financings across the franchise.
Flatt said the company sees a constructive environment despite geopolitical conflict, higher energy prices and uncertainty around interest rates. He pointed to rising demand for assets with low obsolescence risk and said digitalization, decarbonization and deglobalization are expanding investment opportunities in artificial intelligence infrastructure, energy, supply-chain reorganization and data sovereignty.
Asset Management fundraising reaches record 3 Stocks to Ride the Manufacturing Sector's Big ComebackBrookfield’s Asset Management business generated distributable earnings of $740 million, or $0.31 per share, during the quarter. The segment raised a record $77 billion of capital, including $17 billion across flagship strategies.
The fundraising total included $7 billion for the seventh vintage of Brookfield’s private equity strategy and $9 billion for the sixth vintage of its infrastructure strategy. President Nick Goodman said both funds are on track to become the largest in their respective series.
Fee-bearing capital increased 19% year over year to $672 billion, while fee-related earnings rose 20%. Goodman said Brookfield expects another record fundraising year.
In July, Brookfield completed the acquisition of Oaktree, bringing the firms fully together and expanding its global credit platform. Flatt said the combined credit business is now among the most comprehensive globally.
The company said its capital base, which includes public-market, institutional, private-wealth, insurance and balance-sheet capital, gives it flexibility to match capital sources with investments across market cycles. Brookfield ended the quarter with $210 billion of deployable capital.
AI and nuclear investment opportunities Management highlighted AI infrastructure as a major opportunity spanning Brookfield’s real estate, energy, infrastructure and credit operations. Flatt said the company is bringing together power generation, transmission, land entitlement, financing and customer relationships to support AI-related development.
Brookfield recently announced a planned $100 billion AI factory project in Kentucky with the U.S. government. Flatt said the U.S. Department of Energy selected Brookfield to repurpose a federally owned industrial site for an AI campus, with the site requiring relatively few additional approvals because of its existing Department of Energy uses.
Goodman said Brookfield expects much of its AI-related activity to be funded through its client funds, co-investments from large institutions and listed affiliates rather than relying primarily on corporate balance-sheet capital. He added that stabilized data-center assets could be recycled to long-duration institutional owners, helping fund further development.
Brookfield also cited Westinghouse as a beneficiary of demand for energy security and nuclear generation. Flatt said the U.S. Department of Energy made a further $17.5 billion financing commitment, alongside utility partners, to acquire long-lead items for reactor construction. Westinghouse has 14 reactors in various stages of construction, line of sight on another 40, and an additional 100 potential projects, according to Flatt.
Wealth Solutions expands with Just Group Wealth Solutions generated distributable earnings of $480 million, or $0.20 per share, up 23% from the prior-year quarter. The business originated $5 billion of annuity sales, while insurance assets rose to more than $190 billion, aided by the acquisition of U.K.-based Just Group, which added $45 billion of insurance assets.
Chief Executive Officer of Wealth Solutions Sachin Shah said Just Group contributed approximately $29 million of earnings during Brookfield’s first full quarter of ownership, representing an initial return on equity of about 12%.
Shah said Brookfield has exited Just’s early-stage direct-to-consumer initiative and is simplifying the business around pension risk transfer and retail annuities. He said Just’s cost structure is two to three times that of some competitors and identified cost reductions and portfolio repositioning as key levers for improving returns.
Brookfield expects its investment origination capabilities in real estate, infrastructure and energy to support higher investment yields for Just’s long-duration pension liabilities. Shah said there is at least 50 basis points of potential spread improvement through cost reductions, with a longer-term path toward a spread closer to 200 basis points.
The company’s North American insurance operations deployed $5 billion into real-asset investments during the quarter, producing an average net investment income yield of 5.7%. Its property-and-casualty business recorded a 99% combined ratio, while the overall gross spread was 2.2%.
Shah said Brookfield sees a path to more than $300 billion of insurance assets by the end of the decade. He also said new bank distribution channels contributed about $200 million of annuity sales in the quarter, and that the company sees potential to add $10 billion to $12 billion of annual sales through bank channels over the next several years.
Operating businesses and capital returns Brookfield’s operating businesses generated $361 million of distributable earnings, or $0.15 per share. Its super-core and core-plus real estate portfolios ended the quarter with occupancy above 95%.
In retail, nearly 1 million square feet of leases commenced at rents 12% above expiring levels. In office, Brookfield signed 4.5 million square feet of leases globally at average net rents 19% above expiring rents.
The company completed several asset sales during the first half, including the initial public offering of Csquare, its U.S. colocation data-center platform, generating about $1.2 billion of proceeds. Brookfield retained a 64% stake. It also sold One Churchill Place in Canary Wharf for £750 million and completed the $650 million sale of construction business Multiplex.
Brookfield realized $121 million of net carried interest during the quarter and ended the period with $12.5 billion of accumulated unrealized carried interest. Goodman said the company expects carry realization to build over time as earlier-vintage infrastructure and Oaktree funds return capital and clear preferred-return thresholds.
The company returned $270 million to shareholders through dividends and share repurchases during the quarter. Year to date, it repurchased approximately $580 million of shares at an average price of $42 per share. The board declared a quarterly dividend of $0.07 per share, payable at the end of September to shareholders of record on Sept. 14, 2026.
About Brookfield (NYSE:BN)Brookfield Corporation NYSE: BN is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.
Brookfield's services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Investors in Brookfield Business Corporation (BBUC - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the October 16, 2026 $20.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Brookfield Business share, but what is the fundamental picture for the company? Currently, Brookfield Business is a Zacks Rank #4 (Sell) in the Business - Services Industry that ranks in the Top 22% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased his estimate for the current quarter, while one has revised his estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from $1.27 per share to $1.25 per share in the same time period.
Given the way analysts feel about Brookfield Business right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Record Fundraising Increases Deployable Capital to $210 Billion Completed Acquisitions of Oaktree and Just Group While Continuing Share Repurchases BROOKFIELD, NEWS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the quarter ended June 30, 2026. Nick Goodman, President of Brookfield Corporation, said, “Our business performed well in the second quarter, with continued momentum driving 15% growth in earnings per share.
BROOKFIELD, NEWS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the quarter ended June 30, 2026.
August 05, 2026 17:00 ET | Source: Brookfield Property Partners L.P.
All dollar references are in U.S. dollars, unless noted otherwise.
BROOKFIELD NEWS, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on September 30, 2026, to holders of record at the close of business on September 1, 2026.
Brookfield Property Partners
Brookfield Property Partners is one of the world’s premier real estate companies. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing and self-storage.
Brookfield Property Partners is a subsidiary of Brookfield Corporation (NYSE: BN, TSX: BN). More information is available at www.brookfield.com.
Brookfield Renewable Partners (BEP) earns a Buy rating, driven by its integrated, diversified renewable platform and strategic positioning amid rising deliverable power constraints. BEP's framework agreements with Microsoft and Google, plus the Aypa Power acquisition, enhance its ability to meet large-scale, multi-technology customer demand and boost storage capacity. Double-digit FFO-per-unit growth is visible, supported by contracted revenues, inflation linkage, disciplined capital recycling, and a robust development pipeline.
Brookfield (NYSE:BN – Get Free Report) and Brewin Dolphin (OTCMKTS:BDNHF – Get Free Report) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.
Profitability This table compares Brookfield and Brewin Dolphin’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Brookfield 1.76% 3.86% 1.20% Brewin Dolphin N/A N/A N/A Institutional and Insider Ownership 61.6% of Brookfield shares are owned by institutional investors. 11.0% of Brookfield shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Earnings and Valuation This table compares Brookfield and Brewin Dolphin”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Brookfield $75.10 billion 1.42 $1.31 billion $0.51 85.47 Brewin Dolphin N/A N/A N/A N/A N/A Brookfield has higher revenue and earnings than Brewin Dolphin.
Analyst Recommendations This is a breakdown of recent ratings and target prices for Brookfield and Brewin Dolphin, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Brookfield 0 2 11 2 3.00 Brewin Dolphin 0 0 0 0 0.00 Brookfield currently has a consensus target price of $56.64, indicating a potential upside of 29.93%. Given Brookfield’s stronger consensus rating and higher probable upside, research analysts plainly believe Brookfield is more favorable than Brewin Dolphin.
Summary Brookfield beats Brewin Dolphin on 10 of the 10 factors compared between the two stocks.
About Brookfield (Get Free Report)
Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Within private equity and venture capital, it focuses on acquisition, early ventures, control buyouts and financially distressed, buyouts and corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. It invests in both public debt and equity markets. It invests in private equity sectors with focus on Business Services include infrastructure, healthcare, road fuel distribution and marketing, construction and real estate; Industrials include manufacturers of automotive batteries, graphite electrodes, returnable plastic packaging, and sanitation management and development; and Residential/ infrastructure services. It targets companies which likely possess underlying real assets, primarily in sectors such as industrial products, building materials, metals, mining, homebuilding, oil and gas, paper and packaging, manufacturing and forest product sectors. It invests globally with focus on North America including Brazil, the United States, Canada; Europe; and Australia; and Asia-Pacific. The firm considers equity investments in the range of $2 million to $500 million. It has a four-year investment period and a 10-year term with two one-year extensions. The firm prefers to take minority stake and majority stake. Brookfield Corporation was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East and Asia.
About Brewin Dolphin (Get Free Report)
Brewin Dolphin Holdings PLC, together with its subsidiaries, provides wealth management services in the United Kingdom, the Channel Islands, and the Republic of Ireland. It also offers managed portfolio, investment fund management, discretionary fund management, Brewin portfolio, advisory, execution, and financial planning and investment management services, as well as expert witness report services. The company was founded in 1762 and is headquartered in London, the United Kingdom.
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Brookfield Renewable NYSE: BEPC reported record second-quarter funds from operations as the renewable power operator expanded its battery storage platform, advanced nuclear development efforts through Westinghouse and continued recycling capital from operating assets.
Funds from operations, or FFO, totaled $421 million in the second quarter, up 13% from a year earlier, while FFO per unit rose 11% to $0.62. For the trailing 12 months, FFO reached $1.444 billion, or $2.14 per unit, representing year-over-year growth of 14% and 11%, respectively.
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Chief Executive Officer Connor Teskey said the company commissioned 1.3 gigawatts of capacity during the quarter and signed power purchase agreements for 2.6 gigawatts from its advanced development pipeline. Brookfield Renewable deployed or committed $5 billion toward growth investments, including its announced acquisition of battery storage company Aypa, with $760 million attributable to BEP.
Battery Storage Expansion Chief Investment Officer Jay Vayna said Brookfield Renewable agreed to acquire Aypa, described as North America’s largest standalone battery storage platform, for $3 billion, or about $420 million net to BEP.
Aypa has approximately 3 gigawatts of highly contracted operating and under-construction assets, another 3.5 gigawatts of contracted projects and a development pipeline exceeding 20 gigawatts, Vayna said. The acquisition will double Brookfield Renewable’s operating and under-construction battery capacity to roughly 6 gigawatts and increase its development pipeline by more than 30% to over 80 gigawatts.
Vayna said Aypa, combined with Brookfield Renewable’s acquisition of Neoen at the end of 2024, establishes the company as a leading global battery storage platform. He said management sees opportunities to create value by accelerating development, optimizing capital structure and commercial strategy, and recycling assets over time.
During the question-and-answer session, Teskey called batteries the company’s fastest-growing technology and said Brookfield Renewable is pursuing storage investments alongside new wind and solar projects, on a standalone basis, and at existing wind and solar sites. He said the company has relationships with major domestic and international battery suppliers and is entering global framework agreements for battery equipment.
Teskey said battery levelized costs of energy have declined substantially over the past 24 months. While input costs can cause short-term variability, he said Brookfield Renewable expects long-term battery LCOEs to continue declining as supply chains expand and technology improves.
Nuclear Development and Operating Results Teskey said Westinghouse, Brookfield Renewable’s nuclear technology business, is benefiting from demand for reactor life extensions, restarts and new-build programs. The U.S. Department of Energy issued a commitment for up to $17.5 billion of loan facilities to support procurement of long-lead equipment for up to 10 Westinghouse AP1000 reactors in the United States.
The financing program is expected to accelerate deployment timelines by up to three years by allowing long-lead items to be procured before final investment decisions, Teskey said. Brookfield Renewable is working with seven utility partners that have identified project sites and are progressing toward long-lead equipment orders.
Chief Financial Officer Patrick Taylor said the hydroelectric segment generated $336 million of FFO, supported by strong Canadian generation, continued performance in Colombia and increased ownership in Isagen. Realized gains from the sale of an additional 25% interest in a non-core Maine hydro portfolio offset weaker hydrology at U.S. operations.
Solar and wind operations generated $166 million of FFO, benefiting from projects commissioned over the past year and gains from asset sales. Distributed energy, storage and sustainable solutions contributed $84 million of FFO. Taylor said Westinghouse FFO rose more than 60% from the prior-year period, excluding a large new-reactor licensing fee recorded in the second quarter of the previous year.
Financing and Asset Recycling Brookfield Renewable completed about $12 billion of financings during the quarter and ended the period with more than $5.1 billion of available liquidity, Taylor said.
The company refinanced its Safe Harbor hydro portfolio after signing a 20-year contract with Google last year. The financing secured approximately $1.2 billion of long-term capital and produced aggregate up-financing of $700 million, or $200 million net to BEP. Neoen also completed a €650 million bond issuance, while Brookfield Renewable issued C$200 million of preferred units after upsizing the offering in response to demand.
Capital recycling activity included agreed or completed asset sales expected to generate about $2.2 billion of proceeds, or $630 million net to BEP. The company agreed to sell a 570-megawatt European solar and wind portfolio, closed the sale of 2.1 gigawatts of assets to Northview Energy, and sold another 25% interest in its Maine hydro portfolio. It also agreed to sell solar assets and small non-core hydro assets in Colombia.
Responding to an analyst question, Taylor said gains reported in other income increasingly reflect assets developed by Brookfield Renewable as well as selected non-core asset disposals, though not all sale gains are reported in that line item.
Corporate Simplification Vote Brookfield Renewable is pursuing a transaction to combine BEP and BEPC into a single publicly traded corporation, subject to required approvals. Taylor said the company expects the transaction to be tax-deferred for Canadian and U.S. investors and said it would improve trading liquidity, broaden investor access and eliminate partnership tax reporting forms for BEP unitholders.
There would be no changes to dividends, Brookfield’s ownership, management fees, preferred units or public debt, according to Taylor. He said required shareholder and unitholder votes are expected in October, with closing targeted by year-end if approvals are obtained. The transaction requires BEP unitholder approval, while BEPC shareholder approval is not a condition for the transaction to proceed.
About Brookfield Renewable (NYSE:BEPC)Brookfield Renewable Corporation NYSE: BEPC is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.
The company's operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.
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Bloom Energy's Game-Changing AI Deal: Why the Rally Has LegsBrookfield Renewable Partners NYSE: BEP reported record second-quarter financial results, highlighting growth in funds from operations, continued development activity, expanded battery-storage investments and capital recycling initiatives.
Chief Executive Officer Connor Teskey said the company generated second-quarter FFO of $421 million, or $0.62 per unit, representing increases of 13% and 11%, respectively, from the prior-year period. Over the past 12 months, FFO totaled $1.444 billion, or $2.14 per unit, up 14% in total and 11% per unit year over year.
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3 Renewable Energy Stocks That Could Gush as Oil Stays VolatileThe company commissioned 1.3 gigawatts of capacity during the quarter and signed power purchase agreements for 2.6 gigawatts from its advanced development pipeline. Brookfield Renewable deployed or committed $5 billion toward growth investments, or $760 million net to BEP, while agreeing to or closing asset sales expected to produce approximately $2.2 billion of proceeds, or $630 million net to BEP.
Battery Storage Expansion Through Aypa Chief Investment Officer Jay Varena said Brookfield Renewable’s planned acquisition of Aypa, described as North America’s largest standalone battery-storage platform, reflects the increasing role of storage in providing flexible and reliable electricity supply.
The 6 Best Energy Stocks to Buy NowThe $3 billion acquisition, representing approximately $420 million net to BEP, includes about 3 gigawatts of highly contracted operating and under-construction assets, another 3.5 gigawatts of contracted projects and a development pipeline exceeding 20 gigawatts.
Following the acquisition, Brookfield Renewable expects to double its operating and under-construction battery capacity to about 6 gigawatts and expand its development pipeline by more than 30% to over 80 gigawatts. Varena said Aypa, together with the company’s acquisition of Neoen at the end of 2024, establishes Brookfield Renewable as a leading global battery-storage platform.
Management said the acquisition is immediately accretive and could offer additional value through accelerated development, capital-structure and commercial optimization, and asset recycling. The company also expects Aypa to broaden its ability to offer customers energy solutions spanning hydro, solar, wind, storage and nuclear power.
Responding to a question on battery supply, Teskey said batteries are Brookfield Renewable’s fastest-growing technology. He said the company has relationships with major domestic and international equipment suppliers and is pursuing large-scale global framework agreements for battery equipment, similar to arrangements it has used for wind and solar equipment.
Teskey said battery levelized costs of energy have declined substantially over the past 24 months. While input costs could create short-term fluctuations, he said the company expects battery LCOEs to continue declining over the longer term as supply chains scale and technology improves.
Nuclear Opportunity and Westinghouse Teskey said global electricity demand is accelerating while new power capacity and grid infrastructure have not kept pace. He said the company’s portfolio of hydro, wind, solar, storage and nuclear capabilities positions it to serve customers seeking reliable, scalable and integrated power solutions.
Brookfield Renewable’s nuclear-services business, Westinghouse, is positioned to benefit from increased global nuclear investment, according to management. Teskey said Westinghouse provides fuel, services and maintenance for approximately half of the current global nuclear fleet.
During the quarter, the U.S. Department of Energy issued a commitment for up to $17.5 billion in loan facilities to support procurement of long-lead equipment for deployment of up to 10 Westinghouse AP1000 reactors in the United States. Teskey said the program could accelerate deployment timelines by as much as three years by enabling purchases of long-lead items before final investment decisions.
The company is working with seven utility partners that have identified project sites and are progressing toward long-lead equipment orders, Teskey said. Westinghouse is also pursuing opportunities internationally, including in Saudi Arabia following a U.S.-Saudi nuclear cooperation agreement.
Segment Performance, Financing and Asset Sales Patrick, who leads Brookfield Renewable’s financial review, said hydroelectric operations generated $336 million of FFO in the second quarter. Results reflected strong generation in Canada, continued strength in Colombia and increased ownership in Isagen, partly offset by weaker hydrology in U.S. operations. The segment also included realized gains from the sale of an additional 25% interest in a non-core hydro portfolio in Maine.
Solar and wind operations generated $166 million of FFO, benefiting from recently commissioned projects and realized gains from asset sales. Distributed energy, storage and sustainable solutions contributed $84 million of FFO. Westinghouse FFO increased more than 60% from the prior year, excluding a large new-reactor licensing fee received in the second quarter of last year, Patrick said.
Brookfield Renewable completed about $12 billion of financings during the quarter and ended the period with more than $5.1 billion of available liquidity. Financing activity included a $1.2 billion refinancing of the Safe Harbor hydro portfolio after it signed a 20-year contract with Google last year. The refinancing generated aggregate up-financing of $700 million, or $200 million net to BEP.
The company also cited a €650 million bond issuance by Neoen and a C$200 million preferred-unit issuance at the corporate level. It is advancing hydro contracting in Ontario under a provincial system operator program that management expects could enable meaningful up-financings in coming quarters.
On capital recycling, Patrick said the company agreed to sell a 570-megawatt European solar and wind portfolio to a newly formed European renewable-power platform. It also closed two-thirds of the sale of 2.1 gigawatts of assets to Northview Energy, with the remaining third completed after quarter-end.
Proposed Corporate Simplification Brookfield Renewable is proceeding with a proposed transaction to combine BEP and Brookfield Renewable Corporation into a single publicly traded corporation, subject to approvals. Management said the transaction is expected to be tax-deferred for Canadian and U.S. investors and could improve trading liquidity, broaden the investor base and simplify analysis and governance.
Patrick said no changes are planned to dividends, Brookfield’s ownership, management fees, preferred units or public debt. Votes are expected in October, with closing targeted by year-end if approvals are obtained. He said approval requires a two-thirds vote, and the transaction would proceed if BEP unitholders approve it even if BEPC shareholders do not.
About Brookfield Renewable Partners (NYSE:BEP)Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.
The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.
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All amounts in U.S. dollars unless otherwise indicated
BROOKFIELD, News, July 31, 2026 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) (“Brookfield Renewable Partners”, "BEP") today reported financial results for the three months ended June 30, 2026.
“We delivered record financial results, robust capital deployment, and the highest levels of development and asset recycling in our history,” said Connor Teskey, CEO of Brookfield Renewable.
He added, “Energy demand continues to grow at unprecedented levels with customers increasingly seeking scale, integrated power solutions. Our diversified global business and leading capabilities across hydro, solar, wind, storage and nuclear enables us to accelerate our growth in this environment. With the recent acquisition of Aypa, the largest standalone battery storage platform in North America, we continue to enhance Brookfield Renewable’s position as the partner of choice for the largest corporate and sovereign buyers of power.”
For the three months
ended June 30 For the twelve months
ended June 30 US$ millions (except per unit amounts), unaudited 2026 2025 2026 2025 Net loss attributable to Unitholders$(213) (112) (152) (499) - per LP unit(1) (0.37) (0.22) (0.89) (0.96) Funds From Operations (FFO)(2) 421 371 1,444 1,268 - per Unit(2)(3) 0.62 0.56 2.14 1.91
Brookfield Renewable reported record FFO of $421 million or $0.62 per unit, up 13% or 11% per unit year-over-year, benefiting from strong operating performance, asset recycling activity and growth from asset development. In the last twelve months, Brookfield Renewable reported FFO of $1,444 million, or $2.14 per unit, up 14% or 11% per unit, compared to the prior year period. After deducting non-cash depreciation and other expenses, our Net loss attributable to Unitholders for the three months ended June 30, 2026 was $213 million.
Strong Financial Performance
Our business delivered another quarter of strong financial results, reflecting our diversified portfolio and continued execution across our growth and capital recycling initiatives.
Our hydroelectric segment delivered FFO of $336 million, driven by strong generation from our Canadian fleet, robust performance of our Colombian business and realized gains on the sale of a 25% interest in non-core U.S. hydro assets, which more than offset weaker hydrology in the U.S.Our wind and solar segments generated combined FFO of $166 million, supported by the build out of projects commissioned over the last year and realized gains.Our distributed energy, storage and sustainable solutions segments contributed FFO of $84 million, driven by contributions from development activities and strong performance from Westinghouse, with increasing activity across new-build projects and reactor restarts as global demand for nuclear power continues to accelerate.
We are executing on our growth priorities, committing or deploying ~$5 billion (~$760 million net to Brookfield Renewable) of capital, including agreeing to acquire the largest standalone battery storage platform in North America.
We announced an agreement to acquire Aypa, the largest standalone battery energy storage platform in North America for ~$3 billion (~$420 million net to Brookfield Renewable). Aypa has ~3,000 megawatts of highly contracted operating and under construction battery storage assets, an additional ~3,500 megawatts of contracted projects and a further +20-gigawatt development pipeline in strategic markets across the United States. This acquisition adds to our leading storage capabilities as battery storage is an increasingly critical component of the energy mix, enabling the deployment of low-cost, fast-to-market renewable generation and enhancing grid reliability. In addition, the acquisition of Aypa enhances our ability to meet growing customer demand for reliable, integrated power solutions.The quarter was also highlighted by the U.S. Department of Energy's commitment of $17.5 billion in loan facilities to finance long-lead equipment for the deployment of up to 10 large scale Westinghouse AP1000 reactors in the United States. The financing will accelerate project delivery by supporting early equipment procurement; reducing execution risk and strengthening the domestic nuclear supply chain.During the quarter, we were successful delivering ~1,280 megawatts of new capacity bringing our completed new capacity so far this year to ~3,100 megawatts, the highest first half development total in our history. We also continue to scale new build construction and remain on track to deliver ~10,000 megawatts of new projects per year by 2027.We executed power purchase agreements for ~2,600 megawatts of development projects from our advanced pipeline and continue to advance a number of major contracting initiatives, including a portfolio of hydro assets in Ontario as part of a broader re-contracting program run by the provincial system operator that will help secure cash flows with respect to these assets.
We continue to execute on our capital recycling strategy, generating record proceeds to start the year, including approximately ~$2.2 billion (~$630 million net to Brookfield Renewable) of expected proceeds from signed or closed transactions during the quarter at strong returns.
During the quarter, we signed an agreement to sell a 570-megawatt portfolio of operating solar and wind assets from our European development businesses to a newly formed European renewable power platform. The transaction will generate approximately $500 million (~$80 million net to Brookfield Renewable) of proceeds, crystallizing value created through our operating and development activities. We also established a framework to sell additional operating assets over time to the platform. This transaction represents another example of our programmatic capital recycling strategy, following the successful launch of a North American platform, Northview Energy, earlier this year.We closed two-thirds of the sale of ~2,100 megawatts of assets to the Northview Energy platform, and closed the remaining third subsequent to quarter-end. Also during the quarter we completed the sale of an additional 25% interest in a non-core U.S. hydro portfolio in Maine, with the remaining 25% expected to close in the third quarter of 2026. Total proceeds from the sale of 100% of these sales is expected to be ~$2.2 billion (~$800 million net to Brookfield Renewable).We agreed to sell a portfolio of solar assets that we developed and small non-core hydro assets from our Isagen business in Colombia across two transactions for ~$590 million in expected proceeds (~$220 million net to Brookfield Renewable). The transactions will crystallize development gains and value creation across our hydro fleet through the extension of contracts and operational improvements.
We maintain a strong liquidity position and further optimized our balance sheet during the quarter, completing financings that enhance our financial flexibility and position us to continue to invest significantly into accretive growth opportunities.
During the quarter, we completed approximately $12 billion of financings across our business, reflecting continued strong access to capital markets and ended the quarter with over $5.1 billion of available liquidity across our platform, providing flexibility to fund our development pipeline and pursue growth opportunities.We completed the largest private placement financing in our history through the refinancing of our Safe Harbor hydro portfolio, securing $1.2 billion of attractive long-term financing while further optimizing the capital structure of the portfolio.We completed a €650 million bond issuance at Neoen, further demonstrating our ability to efficiently access capital across our platforms.At the corporate level, we completed a C$200 million preferred unit issuance that was upsized in response to strong investor demand and priced with a 5.75% coupon, achieving our second-lowest reset spread ever for this type of instrument.During the quarter, we continued to execute our BEPC at-the-market equity issuance program alongside our normal course issuer bid. We issued approximately 3.2 million BEPC shares and repurchased the same number of BEP units on a one-for-one basis, generating approximately $8 million of incremental cash to support future growth investments.
We recently approved plans to simplify Brookfield Renewable's corporate structure by combining BEP and BEPC into a single publicly traded corporation.
We expect the simplification to be tax-deferred for Canadian and U.S. investors and benefit all securityholders by improving trading liquidity, increasing demand from index funds and ETFs, simplifying investor analysis, broadening access to investors who prefer a traditional corporate structure and enhancing governance. For BEP unitholders, the simplification will also eliminate onerous partnership tax reporting forms, while also providing preferential dividend tax rates for many Canadian and U.S. taxable investors.A special meeting for securityholders to vote on the simplification will be held on October 14, 2026, and subject to approvals and closing conditions, the simplification transaction is expected to be completed in the fourth quarter of 2026. Investor Day
We look forward to hosting our Investor Day on September 29th, 2026 in Toronto where members of Brookfield Renewable's senior management team will provide an update on our strategic priorities and growth outlook.
Distribution Declaration
The next quarterly distribution in the amount of $0.392 per LP unit, is payable on September 29, 2026 to unitholders of record as at the close of business on August 31, 2026. In conjunction with the Partnership’s distribution declaration, the Board of Directors of BEPC has declared an equivalent quarterly dividend of $0.392 per share, also payable on September 29, 2026 to shareholders of record as at the close of business on August 31, 2026.
The quarterly dividends on BEP's preferred shares and preferred LP units have also been declared.
Conference Call and Quarterly Earnings Details
Investors, analysts and other interested parties can access Brookfield Renewable’s Second Quarter 2026 Results as well as Supplemental Information on Brookfield Renewable’s website.
To participate in the Conference Call on July 31, 2026 at 9:00 a.m. ET, please pre-register at https://register-conf.media-server.com/register/BI89bfdf0556c34d6bb3455df1fe062620
Upon registering, you will be emailed a dial-in number and unique PIN. The Conference Call will also be webcast live at https://edge.media-server.com/mmc/p/htnqsajs
Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at https://bep.brookfield.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
Brookfield Renewable is the flagship listed energy company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management.
Please note that Brookfield Renewable’s previous audited annual and unaudited quarterly reports filed with the U.S. Securities and Exchange Commission (“SEC”) and securities regulators in Canada, are available on our website at https://bep.brookfield.com, on SEC’s website at http://www.sec.gov and on SEDAR+’s website at www.sedarplus.ca. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.
Contact information: Media:Investors:Simon MaineAlex JacksonManaging Director – CommunicationsVice President – Investor Relations+44 (0)7398 909 278(416)[email protected]@brookfield.com
Brookfield Renewable Partners L.P.Consolidated Statements of Financial Position As ofUNAUDITED
(MILLIONS)
June 30December 312026
2025
Assets Cash and cash equivalents $1,971 $2,093Trade receivables and other financial assets(4) 9,364 8,458Equity-accounted investments 3,714 4,087Property, plant and equipment, at fair value and Goodwill 75,656 76,475Deferred income tax and other assets(5) 6,040 7,588Total Assets $96,745 $98,701 Liabilities Corporate borrowings(6) $4,882 $3,686Borrowings which have recourse only to assets they finance(7) 32,050 31,206Accounts payable and other liabilities(8) 14,556 19,440Deferred income tax liabilities 9,409 9,395 Equity Non-controlling interests Participating non-controlling interests – in operating subsidiaries$25,395 $24,164 General partnership interest in a holding subsidiary held by Brookfield 50 52 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 2,423 2,524 BEPC exchangeable shares and class A.2 exchangeable shares 2,312 2,330 Preferred equity 545 563 Perpetual subordinated notes 737 737 Preferred limited partners' equity 647 634 Limited partners' equity 3,739 35,848 3,970 34,974Total Liabilities and Equity $96,745 $98,701 Brookfield Renewable Partners L.P.Consolidated Statements of Operating Results FOR THE PERIODS ENDED JUNE 30Three Months Ended Six Months EndedUNAUDITED
(MILLIONS, EXCEPT AS NOTED) 2026 2025 2026 2025 Revenues$1,710 $1,692 $3,224 $3,272 Other income 246 62 384 232 Direct operating costs(9) (783) (699) (1,562) (1,374)Management service costs (77) (56) (150) (105)Interest expense (658) (624) (1,297) (1,233)Share of earnings (losses) from equity-accounted investments 45 (57) 66 (73)Foreign exchange and financial instrument gain 4 255 224 504 Depreciation (558) (609) (1,106) (1,192)Other (221) (61) (405) (322)Income tax recovery (expense) Current 46 16 34 57 Deferred (41) 181 6 226 Net (loss) income$(287)$100 $(582)$(8)Net (loss) income attributable to preferred equity, preferred limited partners' equity, perpetual subordinated notes and non-controlling interests in operating subsidiaries$(74)$212 $(140)$301 Net loss attributable to Unitholders (213) (112) (442) (309)Basic and diluted loss per LP unit$(0.37)$(0.22) $(0.77)$(0.58) Brookfield Renewable Partners L.P.Consolidated Statements of Cash Flows FOR THE PERIODS ENDED JUNE 30Three Months Ended Six Months EndedUNAUDITED
(MILLIONS) 2026 2025 2026 2025 Operating activities Net (loss) income$(287)$100 $(582)$(8)Adjustments for the following non-cash items: Depreciation 558 609 1,106 1,192 Unrealized foreign exchange and financial instrument gain (15) (301) (233) (489)Share of (earnings) losses from equity-accounted investments (45) 57 (66) 73 Deferred income tax expense (recovery) 41 (181) (6) (226)Other non-cash items 154 104 341 175 406 388 560 717 Net change in working capital and other(10) 120 (9) 117 49 526 379 677 766 Financing activities Net corporate borrowings — (107) 359 200 Corporate credit facilities, net (147) 169 53 (71)Non-recourse borrowings, commercial paper, and related party borrowings, net 322 2,353 (451) 4,661 Capital contributions from participating non-controlling interests – in operating subsidiaries, net 535 999 2,367 1,367 Issuance of equity instruments and related costs, net 8 (7) 36 (34)Issuance of preferred equity instruments and related costs, net 141 — 13 — Distributions paid: To participating non-controlling interests - in operating subsidiaries (660) (568) (1,093) (811)To unitholders of Brookfield Renewable or BRELP (306) (281) (621) (564) (107) 2,558 663 4,748 Investing activities Acquisitions, net of cash and cash equivalents in acquired entity — (1,686) — (4,429)Investment in property, plant and equipment (1,326) (1,478) (2,584) (3,024)Disposal of associates and other assets 716 266 1,332 723 Restricted cash and other 67 (168) (149) (127) (543) (3,066) (1,401) (6,857)Cash and cash equivalents Decrease (124) (129) (61) (1,343)Foreign exchange gain on cash 3 65 — 121 Net change in cash classified within assets held for sale (32) 16 (61) (6)Balance, beginning of period 2,124 1,955 2,093 3,135 Balance, end of period$1,971 $1,907 $1,971 $1,907
PROPORTIONATE RESULTS FOR THE THREE MONTHS ENDED JUNE 30
The following chart reflects the generation and summary financial figures on a proportionate basis for the three months ended June 30:
The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the three months ended June 30, 2026:
(MILLIONS) Hydroelectric Wind Utility-
scale
solar Distributed
energy &
storage Sustainable
solutions Corporate Total Net income (loss)$102 $(247)$(103)$49 $48 $(136)$(287)Add back or deduct the following: Depreciation 173 218 119 48 — — 558 Deferred income tax expense (recovery) 19 (18) 11 53 — (24) 41 Foreign exchange and financial instrument loss (gain) 45 (11) 40 (50) (25) (3) (4)Other(11) 135 92 116 84 19 9 455 Management service costs — — — — — 77 77 Interest expense 244 166 120 51 — 77 658 Current income tax expense (recovery) 31 — 17 (94) — — (46)Amount attributable to equity-accounted investments and non-controlling interests(12) (261) (112) (164) (94) 10 — (621)Adjusted EBITDA attributable to Unitholders$488 $88 $156 $47 $52 $— $831
The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the three months ended June 30, 2025:
(MILLIONS) Hydroelectric Wind Utility-
scale
solar Distributed
energy &
storage Sustainable
solutions Corporate Total Net income (loss)$64 $301 $(165)$(23)$47 $(124)$100 Add back or deduct the following: Depreciation 170 224 143 61 11 — 609 Deferred income tax expense (recovery) 4 (205) (6) 39 — (13) (181)Foreign exchange and financial instrument loss (gain) 21 (201) (33) (22) (28) 8 (255)Other(11) 16 (11) 109 19 20 14 167 Management service costs — — — — — 56 56 Interest expense 203 194 117 54 1 55 624 Current income tax expense (recovery) 7 — 31 (54) — — (16)Amount attributable to equity-accounted investments and non-controlling interests(12) (184) (176) (61) (17) 34 — (404)Adjusted EBITDA attributable to Unitholders$301 $126 $135 $57 $85 $(4)$700
RECONCILIATION OF NON-IFRS MEASURES (cont'd)
The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the twelve months ended June 30, 2026:
(MILLIONS) Hydroelectric Wind Utility-
scale
solar Distributed
energy &
storage Sustainable
solutions Corporate Total Net income (loss)$123 $(617)$(229)$418 $972 $(529)$138 Add back or deduct the following: Depreciation 690 844 540 245 20 — 2,339 Deferred income tax (recovery) expense (28) (15) (129) 89 3 (65) (145)Foreign exchange and financial instrument loss (gain) 49 (231) (410) (277) (297) 12 (1,154)Other(11) 323 349 597 583 (567) 65 1,350 Management service costs — — — — — 268 268 Interest expense 887 640 545 175 3 271 2,521 Current income tax expense (recovery) 76 14 48 (365) — 1 (226)Amount attributable to equity-accounted investments and non-controlling interests(12) (830) (507) (385) (459) 50 — (2,131)Adjusted EBITDA attributable to Unitholders$1,290 $477 $577 $409 $184 $23 $2,960
The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the twelve months ended June 30, 2025:
(MILLIONS) Hydroelectric Wind Utility-
scale
solar Distributed
energy &
storage Sustainable
solutions Corporate Total Net income (loss)$260 $328 $(339)$168 $178 $(454)$141 Add back or deduct the following: Depreciation 645 844 467 197 30 — 2,183 Deferred income tax (recovery) expense (5) (229) (28) 62 5 (51) (246)Foreign exchange and financial instrument (gain) loss (58) (388) (292) (222) (201) 13 (1,148)Other(11) 58 226 626 215 71 41 1,237 Management service costs — — — — — 211 211 Interest expense 755 652 437 189 7 216 2,256 Current income tax expense (recovery) 86 (26) (48) (273) — — (261)Amount attributable to equity-accounted investments and non-controlling interests(12) (801) (778) (336) (25) 96 — (1,844)Adjusted EBITDA attributable to Unitholders$940 $629 $487 $311 $186 $(24)$2,529
RECONCILIATION OF NON-IFRS MEASURES (cont'd)
The following table reconciles the non-IFRS financial metrics to the most directly comparable IFRS measures or financial data. Net income is reconciled to Funds From Operations:
FOR THE PERIODS ENDED JUNE 30Three Months Ended Twelve Months EndedUNAUDITED
(MILLIONS) 2026 2025 2026 2025 Net (loss) income$(287)$100 $138 $141 Add back or deduct the following: Depreciation 558 609 2,339 2,183 Deferred income tax expense (recovery) 41 (181) (145) (246)Foreign exchange and financial instruments gain (4) (255) (1,154) (1,148)Other(13) 455 167 1,350 1,237 Amount attributable to equity accounted investments and non-controlling interests(14) (342) (69) (1,084) (899)Funds From Operations$421 $371 $1,444 $1,268
The following table reconciles the per Unit non-IFRS financial metrics to the most directly comparable IFRS measures or financial data. Net income per LP unit is reconciled to Funds From Operations per Unit:
FOR THE PERIODS ENDED JUNE 30Three Months Ended Twelve Months EndedUNAUDITED
(MILLIONS) 2026 2025 2026 2025 Basic loss per LP unit(1)$(0.37)$(0.22) $(0.89)$(0.96)Adjusted for proportionate share of: Depreciation 0.40 0.45 1.66 1.62 Deferred income tax recovery (0.07) (0.10) (0.42) (0.20)Foreign exchange and financial instruments gain (0.06) (0.03) (0.25) (0.31)Other(15) 0.72 0.46 2.04 1.76 Funds From Operations per Unit(3)$0.62 $0.56 $2.14 $1.91 BROOKFIELD RENEWABLE CORPORATION
REPORTS SECOND QUARTER RESULTS
All amounts in U.S. dollars unless otherwise indicated
The Board of Directors of Brookfield Renewable Corporation ("BEPC" or our "company") (NYSE, TSX: BEPC) today has declared a quarterly dividend of $0.392 per class A exchangeable subordinate voting share of BEPC (a "Share"), payable on September 29, 2026 to shareholders of record as at the close of business on August 31, 2026. This dividend is identical in amount per share and has identical record and payment dates to the quarterly distribution announced today by BEP on BEP's LP units.
The Shares of BEPC are structured with the intention of being economically equivalent to the non-voting limited partnership units of Brookfield Renewable Partners L.P. ("BEP" or the "partnership") (NYSE: BEP; TSX: BEP.UN). We believe economic equivalence is achieved through identical dividends and distributions on the Shares and BEP's LP units and each Share being exchangeable at the option of the holder for one BEP LP unit at any time. Given the economic equivalence, we expect that the market price of the Shares will be significantly impacted by the market price of BEP's LP units and the combined business performance of our company and BEP as a whole. In addition to carefully considering the disclosures made in this news release in its entirety, shareholders are strongly encouraged to carefully review BEP's continuous disclosure filings available electronically on EDGAR on the SEC's website at www.sec.gov or on SEDAR+ at www.sedarplus.ca.
For the three months ended
June 30 For the six months ended
June 30US$ millions, unaudited 2026 2025 2026 2025 Select Financial Information Net loss attributable to the partnership $(790) $(1,410) $(2,976) $(1,405)Funds From Operations (FFO)(2) 299 198 470 337
BEPC reported FFO of $299 million for the three months ended June 30, 2026, compared to $198 million in the prior year. After deducting non-cash depreciation, remeasurement of shares classified as financial liability, and other non-cash items, our Net loss attributable to the partnership for the three months ended June 30, 2026 was $790 million compared to a net loss of $1,410 million in the prior year. Adjusting for the remeasurement of financial liability associated with our exchangeable shares, the Net loss attributable to the partnership for the three months ended June 30, 2026 is $86 million compared to a loss of $134 million in the prior year.
We recently announced our intention to simplify Brookfield Renewable's corporate structure by combining BEP and BEPC into a single publicly traded corporation.
We expect the simplification to be tax-deferred for Canadian and U.S. investors and benefit all securityholders by improving trading liquidity, increasing demand from index funds and ETFs, simplifying investor analysis, broadening access to investors who prefer a traditional corporate structure and enhancing governance.
A special meeting for securityholders to vote on the simplification will be held on October 14, 2026, and subject to approvals and closing conditions, the simplification transaction is expected to be completed in the fourth quarter of 2026.
Brookfield Renewable CorporationConsolidated Statements of Financial Position As ofUNAUDITED
(MILLIONS)
June 30December 312026
2025
Assets Cash and cash equivalents $756 $682Trade receivables and other financial assets(4) 4,142 3,230Equity-accounted investments 999 1,014Property, plant and equipment, at fair value and Goodwill 39,618 40,508Deferred income tax and other assets(5) 3,156 833Total Assets $48,671 $46,267 Liabilities Borrowings which have recourse only to assets they finance(7) $15,420 $15,264Accounts payable and other liabilities(8) 5,744 4,171Deferred income tax liabilities 7,524 7,339Shares classified as financial liabilities 13,237 10,261 Equity Non-controlling interests: Participating non-controlling interests – in operating subsidiaries$9,728 $9,305 Participating non-controlling interests – in a holding subsidiary held by the partnership 341 333 The partnership (3,323) 6,746 (406) 9,232Total Liabilities and Equity $48,671 $46,267 Brookfield Renewable CorporationConsolidated Statements of Income (Loss) FOR THE PERIODS ENDED JUNE 30
UNAUDITED
(MILLIONS)
Three Months Ended Six Months Ended 2026 2025 2026 2025 Revenues $1,076 $952 $1,959 $1,859 Other income 111 39 158 62 Direct operating costs(9) (453) (353) (868) (721)Management service costs (45) (26) (91) (49)Interest expense (387) (425) (760) (838)Share of earnings (losses) from equity-accounted investments 2 1 (4) (1)Foreign exchange and financial instrument loss (13) (26) (83) (47)Depreciation (301) (319) (595) (626)Other (34) (15) (48) (32)Remeasurement of financial liability associated with our exchangeable shares(16) (704) (1,276) (2,739) (1,053)Income tax (expense) recovery Current (42) (12) (53) (48)Deferred 5 13 37 42 Net loss $(785)$(1,447) $(3,087)$(1,452)Net loss attributable to: Non-controlling interests: Participating non-controlling interests – in operating subsidiaries 9 (37) (104) (47)Participating non-controlling interests – in a holding subsidiary held by the partnership (4) — (7) — The partnership (790) (1,410) (2,976) (1,405) $(785)$(1,447) $(3,087)$(1,452) Brookfield Renewable CorporationConsolidated Statements of Cash Flows FOR THE PERIODS ENDED JUNE 30
UNAUDITED
(MILLIONS)
Three Months Ended Six Months Ended 2026 2025 2026 2025 Operating activities Net loss $(785)$(1,447) $(3,087)$(1,452)Adjustments for the following non-cash items: Depreciation 301 319 595 626 Unrealized foreign exchange and financial instruments (gain) loss (2) 7 83 9 Share of (earnings) losses from equity-accounted investments (2) (1) 4 1 Deferred income tax recovery (5) (13) (37) (42)Other non-cash items 14 6 33 57 Remeasurement of financial liability associated with our exchangeable shares(16) 704 1,276 2,739 1,053 225 147 330 252 Net change in working capital and other(10) 21 (8) (27) (3) 246 139 303 249 Financing activities Non-recourse borrowings and related party borrowings, net (132) 73 (91) 225 Capital contributions from participating non-controlling interests, net 306 56 611 157 Issuance of exchangeable shares, net 122 — 237 — Distributions paid: To participating non-controlling interests (124) (303) (408) (452)To the partnership — (5) — (5) 172 (179) 349 (75)Investing activities Investment in property, plant and equipment (277) (302) (472) (550)Investment in equity-accounted investments (45) (21) (60) (41)Disposals of subsidiaries, associates and other securities, net 58 314 58 314 Restricted cash and other (42) (27) (83) (11) (306) (36) (557) (288)Cash and cash equivalents Increase (decrease) 112 (76) 95 (114)Foreign exchange gain on cash 3 19 11 46 Net change in cash classified within assets held for sale (10) (1) (32) — Balance, beginning of period 651 614 682 624 Balance, end of period $756 $556 $756 $556
RECONCILIATION OF NON-IFRS MEASURES
The following table reconciles Net income (loss) to Funds From Operations:
FOR THE PERIODS ENDED JUNE 30
UNAUDITED
(MILLIONS)
Three Months Ended Six Months Ended 2026 2025 2026 2025 Net loss$(785)$(1,447) $(3,087)$(1,452)Add back or deduct the following: Depreciation 301 319 595 626 Deferred income tax recovery (5) (13) (37) (42)Foreign exchange and financial instruments loss 13 26 83 47 Other(17) 170 17 273 67 Dividends on BEPC exchangeable, class A.2 exchangeable shares and exchangeable shares of BRHC(18) 73 133 144 296 Remeasurement of financial liability associated with our exchangeable shares(16) 704 1,276 2,739 1,053 Amount attributable to equity accounted investments and non-controlling interests(19) (172) (113) (240) (258)Funds From Operations$299 $198 $470 $337
Cautionary Statement Regarding Forward-looking Statements
This news release contains forward-looking statements and information within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words “will”, “intend”, “should”, “could”, “target”, “growth”, “expect”, “believe”, “plan”, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the quality of Brookfield Renewable’s and its subsidiaries’ businesses and our expectations regarding future cash flows and distribution growth. They include statements regarding Brookfield Renewable’s anticipated financial performance, future commissioning of assets, contracted nature of our portfolio (including our ability to recontract certain assets), technology diversification, acquisition opportunities, expected completion of acquisitions, dispositions and other transactions, financing and refinancing opportunities, future energy prices and demand for electricity, global decarbonization targets, economic recovery, achieving long-term average generation, project development and capital expenditure costs, energy policies, economic growth, growth potential of the renewable asset class, reorganizations or other structural simplification transactions including our corporate simplification, the future growth prospects and distribution profile of Brookfield Renewable and Brookfield Renewable’s access to capital. Although Brookfield Renewable believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, you should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Renewable are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Renewable to differ materially from those contemplated or implied by the statements in this news release include (without limitation) our inability to identify sufficient investment opportunities and complete transactions and strategic initiatives including our corporate simplification transaction; the growth of our portfolio and our inability to realize the expected benefits of our transactions or acquisitions; weather conditions and other factors which may impact generation levels at facilities; changes to government regulations, including incentives for renewable energy; adverse outcomes with respect to outstanding, pending or future litigation; economic conditions in the jurisdictions in which Brookfield Renewable operates; ability to sell products and services under contract or into merchant energy markets; ability to complete development and capital projects on time and on budget; inability to finance operations or fund future acquisitions due to the status of the capital markets; health, safety, security or environmental incidents; regulatory risks relating to the power markets in which Brookfield Renewable operates, including relating to the regulation of our assets, licensing and litigation; risks relating to internal control environment; contract counterparties not fulfilling their obligations; changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and other risks associated with the construction, development and operation of power generating facilities. For further information on these known and unknown risks, please see “Risk Factors” included in the most recent Form 20-F of BEP and in the most recent Form 20-F of BEPC and other risks and factors that are described therein. Certain risks and uncertainties specific to our corporate simplification transaction will be further described in the joint management information circular of BEP and BEPC to be delivered to security holders in advance of the special meetings to approve the simplification.
The foregoing list of important factors that may affect future results is not exhaustive. The forward-looking statements represent our views as of the date of this news release and should not be relied upon as representing our views as of any subsequent date. While we anticipate that subsequent events and developments may cause our views to change, we disclaim any obligation to update the forward-looking statements, other than as required by applicable law.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Statement Regarding Use of Non-IFRS Measures
This news release contains references to FFO and FFO per Unit, which are not generally accepted accounting measures under IFRS and therefore may differ from definitions of Adjusted EBITDA, FFO and FFO per Unit used by other entities. We believe that FFO and FFO per Unit are useful supplemental measures that may assist investors in assessing the financial performance and the cash anticipated to be generated by our operating portfolio. None of FFO and FFO per Unit should be considered as the sole measure of our performance and should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS. For a reconciliation of FFO and FFO per Unit to the most directly comparable IFRS measure or financial data, please see “Reconciliation of Non-IFRS Measures - Three Months Ended June 30” included elsewhere herein and “Financial Performance Review on Proportionate Information - Reconciliation of Non-IFRS Measures” included in our unaudited Q2 2026 interim report. For a reconciliation of FFO and FFO per Unit to the most directly comparable IFRS measure or financial data, please see “Reconciliation of Non-IFRS Measures - Three Months Ended June 30” included elsewhere herein and “Financial Performance Review on Proportionate Information - Reconciliation of Non-IFRS Measures” included in our unaudited Q2 2026 interim report.
References to Brookfield Renewable are to Brookfield Renewable Partners L.P. together with its subsidiary and operating entities unless the context reflects otherwise.
Endnotes
(1) For the three months ended June 30, 2026, average LP units totaled 302.3 million (2025: 283.8 million). For the twelve months ended June 30, 2026, average LP units totaled 296.7 million (2025: 284.7 million).
(2) Non-IFRS measures. Refer to “Cautionary Statement Regarding Use of Non-IFRS Measures”.
(3) Average Units outstanding for the three months ended June 30, 2026 were 684.3 million (2025: 661.9 million), being inclusive of GP interest, Redeemable/Exchangeable partnership units, LP units, BEPC exchangeable shares and class A.2 exchangeable shares. The actual Units outstanding as at June 30, 2026 were 684.2 million (2025: 661.9 million). Average Units for the twelve months ended June 30, 2026 was 676.0 million (2025: 662.8 million), being inclusive of our LP units, Redeemable/Exchangeable partnership units, BEPC exchangeable shares, class A.2 exchangeable shares and GP interest.
(4) Balance includes restricted cash, trade receivables and other current assets, financial instrument assets, and due from related parties on the consolidated statements of financial of position.
(5) Balance includes deferred income tax assets, assets held for sale, and other long-term assets on the consolidated statements of financial position.
(6) Balance includes current and non-current portion of corporate borrowings on the consolidated statements of financial position.
(7) Balance includes current and non-current portion of non-recourse borrowings on the consolidated statements of financial position.
(8) Balance includes accounts payable and accrued liabilities, financial instrument liabilities, due to related parties, provisions, liabilities directly associated with assets held for sale and other long-term liabilities on the consolidated statements of financial position.
(9) Direct operating costs exclude depreciation expense disclosed below.
(10) Balance includes net change in working capital, dividends received from equity accounted investments and changes in due to or from related parties on the consolidated statements of cash flows.
(11) Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations, recognized in the following line items of the IFRS statements: i) the "Other" line item on the consolidated statement of income (loss), ii) items recognized within Foreign exchange and financial instruments gain (loss) on the consolidated statement of income (loss), and iii) realized disposition gains and losses recognized within Other income on the consolidated statement of income (loss). Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and Brookfield Renewable’s economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects over the long-term and realized disposition gains and losses on equity transactions that are included within Adjusted EBITDA.
(12) Amount attributable to equity accounted investments corresponds to the Adjusted EBITDA to Brookfield Renewable that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries, excluding amounts attributable to Unitholders. By adjusting Adjusted EBITDA attributable to non-controlling interest, Brookfield Renewable is able to remove the portion of Adjusted EBITDA earned at non-wholly owned subsidiaries that are not attributable to Brookfield Renewable.
(13) Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and Brookfield Renewable’s economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains and losses on assets that we developed and/or did not intend to hold over the long-term that are included in Funds From Operations.
(14) Amount attributable to equity accounted investments corresponds to the Funds From Operations that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries, excluding amounts attributable to Unitholders. By adjusting Funds From Operations attributable to non-controlling interest, Brookfield Renewable is able to remove the portion of Funds From Operations earned at non-wholly owned subsidiaries that are not attributable to Brookfield Renewable.
(15) Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and Brookfield Renewable’s economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains and losses on assets that we developed and/or did not intend to hold over the long-term that are included in Funds From Operations as well as amounts attributable to holders of Redeemable/Exchangeable partnership units, GP interest, BEPC exchangeable shares and class A.2 exchangeable shares.
(16) Reflects gains (losses) on shares with an exchange/redemption option that are classified as liabilities under IFRS.
(17) Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and the company's economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains and losses on assets that we developed and/or did not intent to hold over the long-term that are included in Funds from Operations.
(18) Balance is included within interest expense on the consolidated statements of income (loss).
(19) Amount attributable to equity accounted investments corresponds to the Funds From Operations that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries. By adjusting Funds From Operations attributable to non-controlling interest, our company is able to remove the portion of Funds From Operations earned at non-wholly owned subsidiaries that are not attributable to our company.
(20) Any references to capital refer to Brookfield's cash deployed, excluding any debt financing.
(21) Available liquidity of over $5.1 billion refers to "Part 5 - Liquidity and Capital Resources" in the Management Discussion and Analysis in the Q2 2026 Interim Report.
This news release constitutes a “designated news release” for the purposes of the prospectus supplement dated November 19, 2025 to the short form base shelf prospectus of Brookfield Infrastructure Corporation and Brookfield Infrastructure Partners L.P. dated January 29, 2025
BROOKFIELD, NEWS, July 30, 2026 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the second quarter ended June 30, 2026.
“Brookfield Infrastructure delivered strong results in the first half of the year, generating 10% FFO per unit growth while making significant progress on our asset sale and deployment initiatives,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “The strength of our operating performance and self-funding model positions us well to convert a growing pipeline of high-quality investment opportunities into per-unit cash flow growth.”
Overview
Brookfield Infrastructure generated funds from operations (FFO) per unit of $0.89, representing a 10% increase compared to the prior year and achieving our growth target. Results were supported by strong underlying performance across the portfolio, led by significant contributions from our data and midstream segments, where FFO increased 36% and 17%, respectively, compared to last year. Our utilities and transport segments also generated solid growth, reflecting strong broad-based performance across each business segment. This performance was achieved while continuing to execute our successful asset sale program, which moderated reported growth, particularly in the transport and midstream segments.
For the three months
ended June 30 For the six months
ended June 30US$ millions (except per unit amounts), unaudited1 2026 2025 2026 2025Net income (loss)2$44 $69 $(17) $194– per unit3$(0.07) $(0.03) $(0.27) $0.01FFO4$702 $638 $1,411 $1,284– per unit5$0.89 $0.81 $1.79 $1.63 Brookfield Infrastructure reported net income of $44 million for the three-month period ended June 30, 2026 compared to net income of $69 million in the prior year. Current quarter results benefited from strong operational performance, mark-to-market gains on commodity contracts in our midstream segment and income associated with our asset sale program. This result was partially offset by higher depreciation and borrowing costs associated with our growth initiatives.
FFO for the second quarter was $702 million, representing 10% growth compared to the prior year on both a quarterly and year-to-date basis. The increase reflects strong organic growth within our 6-9% target range, supported by inflation-linked rate increases in our utilities segment, volume strength and higher utilization across our transport and midstream segments and the commissioning of over $1.5 billion of new capital projects from our backlog, particularly within our data segment. Results also benefited from the strong cash contribution from new investments, which are generating returns meaningfully above the yield on assets sold through our capital recycling program.
Strategic Initiatives
We had a successful first half of the year with our asset rotation strategy having secured or deployed over $800 million into new investments. In the past quarter, we have increased our equity commitment to the Bloom Energy framework to support an additional capex project and advanced the acquisition of Clarus, New Zealand’s leading gas infrastructure utility, with closing expected in the coming weeks.
Momentum in AI infrastructure is accelerating, with our AI factory strategy gaining traction globally and expanding our pipeline of investment opportunities. In the U.S., Brookfield was selected by the Department of Energy to develop an AI data center campus in Kentucky, designed to support over 1.2 GW of compute capacity over several years. We have formed a consortium with NextEra Energy and local utility partners to advance the project through a bring-your-own-power model. In South Korea, Brookfield, NAVER and NVIDIA announced plans to develop 200 MW of sovereign compute capacity. Under the proposed arrangement, Brookfield would act as NAVER’s exclusive capital partner to finance the deployment of NVIDIA GPUs at the campus, supporting one of South Korea’s largest planned sovereign compute developments.
We also expanded our framework with Bloom Energy five-fold, from $5 billion to $25 billion of total capex, creating a significant pipeline of future deployment opportunities for behind-the-meter power solutions for leading hyperscale and investment-grade customers. Together, these initiatives demonstrate the breadth of our AI infrastructure opportunity set and our ability to originate large-scale projects on a bilateral basis by combining our digital infrastructure and power expertise with flexible capital at scale to support leading energy and technology partners globally. As these opportunities progress, we will only commit material capital once appropriate commercial arrangements are secured and our risk-adjusted return objectives are met.
Our ability to pursue this growing opportunity set is supported by our successful asset sale program. We have generated nearly $1.2 billion of proceeds year to date, including approximately $200 million since last quarter, reinforcing our ability to self-fund growth while recycling capital at attractive valuations. With several sale processes well underway, we remain confident in achieving our capital recycling objective for 2026.
Public markets have been an increasingly effective exit channel to maximize value in our capital recycling program. So far during 2026, we have generated meaningful proceeds from public market transactions, reflecting both the quality of the businesses we have built and the depth of investor demand for scaled, high-quality infrastructure platforms. IPOs and follow-on public market monetizations provide us with an attractive path to crystallize value, broaden the buyer universe and retain flexibility to participate in future upside. They also give us optionality alongside private sale alternatives, supporting value maximization across multiple potential exit paths.
The most significant example was the IPO of our U.S. colocation data center operation on the New York Stock Exchange. Since our initial investment in 2018, we have transformed the business into a scaled platform comprising 64 sites across major U.S. markets and serving more than 1,700 customers. A key value driver in this transformation was the acquisition of over 40 sites from Cyxtera through its bankruptcy process, which scaled the platform, optimized the portfolio and accelerated growth. Since then, we have enhanced the company’s financial profile through lease-up of vacant capacity, under-roof densification projects, leased-site buyouts, cost optimization and selective site M&A. These initiatives have increased EBITDA by over 4x under our ownership and expanded capacity from 115 MW to approximately 390 MW.
The IPO represents the next step in our value creation plan. The transaction generated gross proceeds of approximately $1.2 billion at an attractive valuation, which were used primarily for a one-time deleveraging of the business’s balance sheet to better align the business’s capital structure with public market expectations. Brookfield retains a 64% ownership interest in the business and will continue to participate in future value creation, including the potential to grow the platform to approximately 1 GW of capacity through further equipment optimization and under-roof expansion.
We also advanced monetizations across two listed businesses in India. At our Indian telecom tower platform, we sold a 7% interest through the capital markets. At our Indian gas transmission operation, we completed several additional sell-downs to public market investors following our inaugural issuance last year, exiting a further 14% of the business. Combined, these transactions generated nearly $100 million of proceeds for BIP, with additional sales expected over the coming quarters.
Adding to our asset sale progress, we executed a second transaction under our established framework for monetizing de-risked and contracted container portfolios at our global intermodal logistics operation. On July 1, we completed a further programmatic sale of a majority interest in a portfolio of contracted containers, generating approximately $60 million of proceeds at BIP’s share. Including prior sales, we have now sold a 67% interest in a portfolio of containers representing over 25% of the business’s total fleet.
Finally, at our North American railcar leasing platform, we generated approximately $100 million of sale proceeds, or $20 million at BIP’s share. These proceeds were primarily generated through our structured investment framework, which provides for the transfer of ownership to our partner, GATX, over time.
Segment Performance
The following table presents FFO by segment:
For the three months
ended June 30 For the six months
ended June 30US$ millions, unaudited1 2026 2025 2026 2025 FFO by segment Utilities$196 $187 $397 $379 Transport 311 304 594 592 Midstream 183 157 373 326 Data 154 113 303 215 Corporate (142) (123) (256) (228)FFO4$702 $638 $1,411 $1,284 The utilities segment generated FFO of $196 million, up 5% over the prior year. The increase was driven by inflation indexation, the contribution from over $500 million of capital commissioned into rate base over the last 12 months and the acquisition of our South Korean industrial gas business completed last year. This growth was partially offset by foregone earnings from asset sales, including the largest of four concessions within our Brazilian electricity transmission operation, which closed during the first quarter, and our Mexican regulated natural gas transmission pipeline business, which contributed to results in the comparable period.
FFO for the transport segment was $311 million, representing a 7% increase over the prior year after normalizing for capital recycling activity. The increase was primarily driven by broad-based operating performance, with volumes across our rail, port and toll road operations each increasing 3–7% year over year. In addition, results benefited from the contribution from our leading railcar leasing platform formed in partnership with GATX, which closed on January 1. These contributions were partially offset by foregone earnings from the sale of a 49% interest in our Australian export terminal, the sale of our Australian container terminal business, and a partial sale of our U.K. port operation, all of which closed in the prior year.
Our midstream segment generated FFO of $183 million, up 17% compared to the same period last year. The increase reflects strong organic growth across the portfolio, particularly at our Canadian diversified midstream business, which benefited from strong asset utilization and elevated commodity pricing. Results also benefited from the contribution of our recently acquired U.S. refined products pipeline system, partially offset by foregone earnings from the sale of our U.S. gas pipeline last year.
The data segment generated FFO of $154 million, representing a step-change increase of 36% compared to the prior year. The increase was driven by the contribution from our U.S. bulk fiber network acquired last September, as well as strong organic growth across the segment including income generated by our data center developers and the initial contribution from our partnership with Intel to construct semiconductor foundries in Arizona.
Balance Sheet and Liquidity
Capital markets remained constructive for high-quality issuers during the second quarter, despite ongoing volatility and uncertainty around the path of interest rates. Against this backdrop, we continued to benefit from the strength of our business and our conservative financing structure. Our asset-level balance sheets remain well insulated, with over 95% of our non-recourse term debt, excluding Brazil, at fixed rates. Recent prefunding activity has also reduced near-term maturities to less than 2% of our non-recourse debt over the next 12 months.
We recently executed several opportunistic asset-level financings to extend maturities and improve financial flexibility. Notable transactions include:
At our U.S. refined products pipeline system, we upsized the existing Term Loan B to approximately $3.3 billion and extended its maturity to approximately seven years, with no scheduled principal amortization.We successfully issued £425 million of investment-grade notes at our U.K. regulated distribution operation across 7, 10, and 12-year tenors, refinancing near-term maturities at the lowest credit spreads achieved since 2018.At our global intermodal logistics operation, we raised approximately $550 million of investment-grade asset-backed securities to finance a portfolio of fully contracted containers. The issuance was launched with a minimum size of $350 million and was subsequently upsized due to robust demand. Pricing was attractive, with an average coupon of 5.3% for a five-year term. On our corporate balance sheet we have over $2.6 billion of liquidity. This positions us well to execute on our investment pipeline and fund our backlog of organic growth opportunities while maintaining financial discipline. Our maturity profile remains well laddered, with no corporate debt maturities until 2027, and both credit rating agencies recently reaffirmed our BBB+ credit rating during the quarter, reflecting the strength of our balance sheet and overall credit profile.
BIP and BIPC Structure
We recently announced our intention to simplify Brookfield Infrastructure's corporate structure by combining BIP and BIPC into a single publicly traded corporation.
We expect the simplification to be tax-deferred for Canadian and U.S. investors and benefit all securityholders by improving trading liquidity, increasing demand from index funds and ETFs, simplifying investor analysis, broadening access to investors who prefer a traditional corporate structure and enhancing governance. For BIP unitholders, the simplification will eliminate onerous partnership tax reporting forms, while also providing preferential dividend tax rates for many Canadian and U.S. taxable investors.
A special meeting for securityholders to vote on the simplification will be held on October 14, 2026, and subject to approvals and closing conditions, the simplification transaction is expected to be completed in the fourth quarter of 2026.
Investor Day
We look forward to hosting our Investor Day on September 29, 2026 in Toronto where members of Brookfield Infrastructure's senior management team will provide an update on our strategic priorities and growth outlook.
Distribution and Dividend Declaration
The Board of Directors of BIP declared a quarterly distribution in the amount of $0.455 per unit, payable on September 29, 2026 to unitholders of record as at the close of business on August 31, 2026. This distribution represents a 6% increase compared to the prior year. The regular quarterly dividends on the Cumulative Class A Preferred Limited Partnership Units, Series 9 and Series 11 have been declared, which will also be payable on September 29, 2026 to holders on August 31, 2026. The Series 13 and Series 14 regular quarterly dividends have also been declared and will be payable on September 15, 2026 to holders on August 31, 2026. In conjunction with the Partnership’s distribution declaration, the Board of Directors of BIPC has declared an equivalent quarterly dividend of $0.455 per share, also payable on September 29, 2026 to shareholders of record as at the close of business on August 31, 2026.
Conference Call and Quarterly Earnings Details
Investors, analysts and other interested parties can access Brookfield Infrastructure’s second quarter 2026 results and supplemental information, under the investor relations section at https://bip.brookfield.com.
To participate in the conference call today at 9:00 am ET, please pre-register at 2026Q2ConferenceCall. Upon registering, you will be emailed a dial-in number and unique PIN. The conference call will also be webcast live at 2026Q2Webcast.
Additional Information
The Board has reviewed and approved this news release, including the summarized unaudited financial information contained herein.
About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at https://bip.brookfield.com.
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager, headquartered in New York with over $1 trillion of assets under management. For more information, go to https://www.brookfield.com.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities referred to herein, nor shall there be any offer for sale, or solicitation of an offer to buy, any of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of any securities referred to herein will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.
This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable securities laws. The words “will”, “target”, “future”, “growth”, “expect”, “believe”, “may”, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release may include statements regarding expansion of Brookfield Infrastructure’s business, the likelihood and timing of successfully completing the transactions referred to in this news release, statements with respect to our assets tending to appreciate in value over time, the future performance of acquired businesses and growth initiatives, the commissioning of our capital backlog, the pursuit of projects in our pipeline, the level of distribution growth over the next several years and our expectations regarding returns to our unitholders as a result of such growth. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, the ability to achieve growth within Brookfield Infrastructure’s businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favorable commodity prices, and our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, the impact of market conditions on our businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the impact of health pandemics on our business and operations, the ability to effectively complete transactions in the competitive infrastructure space (including the ability to complete announced and potential transactions that may be subject to conditions precedent, and the inability to reach final agreement with counterparties to transactions referred to in this press release as being currently pursued, given that there can be no assurance that any such transaction will be agreed to or completed) and to integrate acquisitions into existing operations, the future performance of these acquisitions, changes in technology which have the potential to disrupt the business and industries in which we invest, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under “Risk Factors” in Brookfield Infrastructure’s most recent Annual Report on Form 20-F and other risks and factors that are described therein. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. Brookfield Infrastructure’s results include limited partnership units held by public unitholders, redeemable partnership units, general partnership units, Exchange LP units, BIPC exchangeable LP units and BIPC exchangeable shares and class A.2 exchangeable shares.
Any statements contained herein with respect to tax consequences are of a general nature only and are not intended to be, nor should they be construed to be, legal or tax advice to any person, and no representation with respect to tax consequences is made. Unitholders and shareholders are urged to consult their tax advisors with respect to their particular circumstances.
References to the Partnership are to Brookfield Infrastructure Partners L.P.
Please refer to page 12 for results of Brookfield Infrastructure Corporation.Includes net income attributable to limited partners, the general partner, and non-controlling interests ‒ Redeemable Partnership Units held by Brookfield, Exchange LP units, BIPC exchangeable LP units and BIPC exchangeable shares and class A.2 exchangeable shares.Average number of limited partnership units outstanding on a time weighted average basis for the three and six-month period ended June 30, 2026 of 457.6 million and 458.7 million, respectively (2025: 461.3 million and 461.6 million). We define FFO as net income excluding the impact of certain non-cash items including depreciation and amortization, deferred income taxes, mark-to-market gains (losses) and other income (expenses) that are not related to normal revenue earning activities or that are not normal, recurring cash operating expenses necessary for business operations. FFO is not adjusted for the income (loss) earned by data center developers which is generated through the development, commercialization, and sale of completed sites. The inclusion of this income reflects the operating performance of such investments and includes income (or losses) recognized in the current and prior periods. FFO also includes balances attributable to the Partnership generated by investments in associates and joint ventures accounted for using the equity method and excludes amounts attributable to non-controlling interests based on the economic interests held by non-controlling interests in consolidated subsidiaries. We believe that FFO, when viewed in conjunction with our IFRS results, provides a more complete understanding of factors and trends affecting our underlying operations. FFO is a measure of operating performance that is not calculated in accordance with, and does not have any standardized meaning prescribed by IFRS as issued by the International Accounting Standards Board. FFO is therefore unlikely to be comparable to similar measures presented by other issuers. A reconciliation of net income to FFO is available on page 10 of this release. Readers are encouraged to consider both measures in assessing our company’s results. Average number of partnership units outstanding on a fully diluted time weighted average basis for the three and six-month period ended June 30, 2026 was 791.7 million and 791.8 million, respectively (2025: 791.7 million and 792.0 million).
Brookfield Infrastructure Partners L.P.
Consolidated Statements of Financial Position
As ofUS$ millions, unauditedJune 30,
2026 Dec. 31,
2025 Assets Cash and cash equivalents$3,085 $3,201Financial assets 21 173Property, plant and equipment and investment properties 66,840 69,568Intangible assets and goodwill 32,324 34,975Investments in associates and joint ventures 6,960 6,377Assets held for sale 1,336 2,346Deferred tax asset and other 11,382 11,510Total assets$121,948 $128,150 Liabilities and partnership capital Corporate borrowings$5,263 $4,947Non-recourse borrowings 57,202 59,551Financial liabilities 3,408 3,424Liabilities held for sale 883 1,289Deferred tax liability and other 22,669 23,399 Partnership capital Limited partners 4,413 4,889General partner 24 25Non-controlling interest attributable to: Redeemable partnership units held by Brookfield 1,834 2,017Exchangeable units/shares1 1,368 1,501Perpetual subordinated notes 293 293Interest of others in operating subsidiaries 23,862 26,086Preferred unitholders 729 729Total partnership capital 32,523 35,540Total liabilities and partnership capital$121,948 $128,150 Includes non-controlling interest attributable to BIPC exchangeable shares and class A.2 exchangeable shares, BIPC exchangeable LP units and Exchange LP units. Brookfield Infrastructure Partners L.P.Consolidated Statements of Operating Results For the three months
ended June 30 For the six months
ended June 30US$ millions, except per unit information, unaudited 2026 2025 2026 2025 Revenues$6,482 $5,429 $12,783 $10,821 Direct operating costs (4,892) (3,995) (9,497) (7,959)General and administrative expense (114) (108) (223) (205) 1,476 1,326 3,063 2,657 Interest expense (1,073) (909) (2,120) (1,808)Share of earnings (losses) from associates and joint ventures 33 (12) (8) 111 Mark-to-market gains (losses) 77 (139) (38) (265)Other income 165 143 36 392 Income before income tax 678 409 933 1,087 Income tax (expense) recovery Current (154) (201) (312) (391)Deferred (35) 44 16 82 Net income 489 252 637 778 Non-controlling interest of others in operating subsidiaries (445) (183) (654) (584)Net income (loss) attributable to partnership$44 $69 $(17) $194 Attributable to: Limited partners$(24) $(6) $(110) $20 General partner 86 80 172 160 Non-controlling interest Redeemable partnership units held by Brookfield (11) (3) (46) 9 Exchangeable units/shares1 (7) (2) (33) 5 Basic and diluted (loss) income per unit attributable to: Limited partners2$(0.07) $(0.03) $(0.27) $0.01 Includes non-controlling interest attributable to BIPC exchangeable shares and class A.2 exchangeable shares, BIPC exchangeable LP units and Exchange LP units.Average number of limited partnership units outstanding on a time weighted average basis for the three and six-month period ended June 30, 2026 was 457.6 million and 458.7 million, respectively (2025: 461.3 million and 461.6 million). Brookfield Infrastructure Partners L.P. Consolidated Statements of Cash Flows For the three months
ended June 30 For the six months
ended June 30US$ millions, unaudited 2026 2025 2026 2025 Operating activities Net income$489 $252 $637 $778 Adjusted for the following items: Earnings from investments in associates and joint ventures, net of distributions received 58 87 201 228 Depreciation and amortization expense 1,095 941 2,170 1,901 Mark-to-market, provisions and other (176) 28 40 (120)Deferred income tax expense (recovery) 35 (44) (16) (82)Change in non-cash working capital, net (8) (75) (646) (648)Cash from operating activities 1,493 1,189 2,386 2,057 Investing activities Net proceeds from (investments in): Operating assets 1,067 (169) 2,144 262 Associates (248) 674 (248) 674 Long-lived assets (1,224) (960) (3,256) (1,758)Financial assets (27) (9) 8 226 Net settlements of foreign exchange contracts (49) (16) (67) (18)Other investing activities (10) 20 (66) 50 Cash used by investing activities (491) (460) (1,485) (564) Financing activities Distributions to limited and general partners (461) (436) (922) (873)Net borrowings: Corporate 342 100 432 286 Subsidiary 1,242 1,634 1,918 1,071 Net preferred units redeemed — (90) — (90)Exchangeable shares issued, net of unit repurchases 3 (26) 32 (24)Net capital provided to non-controlling interest (1,391) (856) (2,194) (1,271)Lease liability repaid and other (70) (221) (242) (396)Cash (used by) from financing activities (335) 105 (976) (1,297) Cash and cash equivalents Change during the period$667 $834 $(75) $196 Cash reclassified as held for sale (8) 11 (8) (28)Impact of foreign exchange and other on cash (32) 34 (33) 103 Balance, beginning of period 2,458 1,463 3,201 2,071 Balance, end of period$3,085 $2,342 $3,085 $2,342 Brookfield Infrastructure Partners L.P.Reconciliation of Net Income to Funds from Operations For the three months
ended June 30 For the six months
ended June 30US$ millions, unaudited 2026 2025 2026 2025 Net income$489 $252 $637 $778 Add back or deduct the following: Depreciation and amortization 1,095 941 2,170 1,901 Share of losses (earnings) from investments in associates and joint ventures (33) 12 8 (111)FFO contribution from investments in associates and joint ventures1 277 248 494 482 Deferred tax expense (recovery) 35 (44) (16) (82)Mark-to-market (gains) losses (77) 139 38 265 Other (income) expenses2 (76) (51) 153 (183)Consolidated Funds from Operations$1,710 $1,497 $3,484 $3,050 FFO attributable to non-controlling interests3 (1,008) (859) (2,073) (1,766)FFO$702 $638 $1,411 $1,284 FFO contribution from investments in associates and joint ventures correspond to the FFO attributable to the partnership that are generated by its investments in associates and joint ventures accounted for using the equity method.Other (income) expense corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other income/expenses excluded from FFO primarily includes gains on acquisitions and dispositions of subsidiaries, associates and joint ventures, gains or losses relating to foreign currency translation reclassified from accumulated comprehensive income to other expense, acquisition costs, gains/losses on remeasurement of borrowings, amortization of deferred financing costs, fair value remeasurement gains/losses, accretion expenses on deferred consideration or asset retirement obligations, impairment losses, and gains or losses on debt extinguishmentAmounts attributable to non-controlling interests are calculated based on the economic ownership interests held by non-controlling interests in consolidated subsidiaries. By adjusting FFO attributable to non-controlling interests, our partnership is able to remove the portion of FFO earned at non-wholly owned subsidiaries that are not attributable to our partnership. Brookfield Infrastructure Partners L.P.Statements of Funds from Operations per Unit For the three months
ended June 30 For the six months
ended June 30US$, unaudited 2026 2025 2026 2025 (Loss) income per limited partnership unit1$(0.07) $(0.03) $(0.27) $0.01Add back or deduct the following: Depreciation and amortization 0.58 0.53 1.16 1.07Deferred taxes and other items 0.38 0.31 0.90 0.55FFO per unit2$0.89 $0.81 $1.79 $1.63 Average number of limited partnership units outstanding on a time weighted average basis for the three and six-month period ended June 30, 2026 was 457.6 million and 458.7 million, respectively (2025: 461.3 million and 461.6 million). Average number of partnership units outstanding on a fully diluted time weighted average basis for the three and six-month period ended June 30, 2026 was 791.7 million and 791.8 million, respectively (2025: 791.7 million and 792.0 million). Notes:
The Statements of Funds from Operations per unit above are prepared on a basis that is consistent with the Partnership’s Supplemental Information and differs from net income per limited partnership unit as presented in Brookfield Infrastructure’s Consolidated Statements of Operating Results on page 8 of this release, which is prepared in accordance with IFRS. Management uses FFO per unit as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing Brookfield Infrastructure’s results.
Brookfield Infrastructure Corporation Reports Solid Second Quarter 2026 Results
The Board of Directors of Brookfield Infrastructure Corporation (“BIPC” or our “company”) (NYSE, TSX: BIPC) today declared a quarterly dividend in the amount of $0.455 per class A exchangeable subordinate voting share of BIPC (a “Share”), payable on September 29, 2026 to shareholders of record as at the close of business on August 31, 2026. This dividend is identical in amount per Share and has identical record and payment dates to the quarterly distribution announced today by Brookfield Infrastructure Partners L.P. (“BIP” or the “Partnership”) (NYSE: BIP; TSX: BIP.UN) on its units.
The Shares of BIPC are structured with the intention of being economically equivalent to the non-voting limited partnership units of BIP. We believe economic equivalence is achieved through identical dividends and distributions on the Shares and BIP’s units and each Share being exchangeable at the option of the holder for one BIP unit at any time. Given the economic equivalence, we expect that the market price of the Shares will be significantly impacted by the market price of BIP’s units and the combined business performance of our company and BIP as a whole. In addition to carefully considering the disclosure made in this news release in its entirety, shareholders are strongly encouraged to carefully review BIP’s supplemental information and its other continuous disclosure filings. BIP’s supplemental information is available at https://bip.brookfield.com. Copies of the Partnership’s continuous disclosure filings are available electronically on EDGAR on the SEC’s website at https://sec.gov or on SEDAR+ at https://sedarplus.ca.
Results
The net income of BIPC is captured in the Partnership’s financial statements and results.
BIPC reported net income of $61 million for the three-month period ended June 30, 2026, compared to a net loss of $309 million in the prior year. The increase is primarily due to the reduced impact of the revaluation on our own Shares that are classified as liabilities under IFRS. Current period results benefited from inflation-indexation across our businesses and capital commissioned into rate base at our U.K. regulated distribution business, which was partly offset by higher financing costs and an increase in dividends paid on our exchangeable shares that are classified as interest expense, resulting from a 6% increase in our quarterly dividend compared to the prior year.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities referred to herein, nor shall there be any offer for sale, or solicitation of an offer to buy, any of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of any securities referred to herein will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.
This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words “believe”, “expect”, “will” derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the impact of the market price of BIP’s units and the combined business performance of our company and BIP as a whole on the market price of the Shares. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, the ability to achieve growth within Brookfield Infrastructure’s businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favorable commodity prices, and our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, the impact of market conditions on our businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the impact of health pandemics on our business and operations, the ability to effectively complete transactions in the competitive infrastructure space (including the ability to complete announced and potential transactions that may be subject to conditions precedent, and the inability to reach final agreement with counterparties to transactions being currently pursued, given that there can be no assurance that any such transaction will be agreed to or completed) and to integrate acquisitions into existing operations, the future performance of these acquisitions, changes in technology which have the potential to disrupt the business and industries in which we invest, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the documents filed by BIPC with the securities regulators in Canada and the United States including “Risk Factors” in BIPC’s most recent Annual Report on Form 20-F and other risks and factors that are described therein. Except as required by law, Brookfield Infrastructure Corporation undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
Brookfield Infrastructure CorporationConsolidated Statements of Financial Position As ofUS$ millions, unauditedJune 30,
2026 Dec. 31,
2025 Assets Cash and cash equivalents$690 $431 Due from Brookfield Infrastructure 1,663 1,574 Property, plant and equipment 13,518 14,198 Intangible assets 3,238 3,102 Investments in associates 275 295 Goodwill 1,708 1,680 Assets held for sale 1,060 — Deferred tax asset and other 2,390 2,745 Total assets$24,542 $24,025 Liabilities and equity Accounts payable and other$1,166 $1,208 Loans payable to Brookfield Infrastructure 100 100 Shares classified as financial liability 5,392 5,129 Non-recourse borrowings 12,786 13,169 Financial liabilities 57 23 Liabilities held for sale 809 — Deferred tax liability and other 2,433 2,391 Equity Equity in net assets attributable to the Partnership (1,540) (1,299)Non-controlling interest 3,339 3,304 Total equity 1,799 2,005 Total liabilities and equity$24,542 $24,025 Brookfield Infrastructure CorporationConsolidated Statements of Operating Results For the three months
ended June 30 For the six months
ended June 30US$ millions, unaudited 2026 2025 2026 2025 Revenues$940 $866 $1,824 $1,795 Direct operating costs (368) (303) (713) (658)General and administrative expenses (22) (20) (43) (39) 550 543 1,068 1,098 Interest expense (322) (267) (627) (540)Share of earnings from investments in associates 5 10 9 10 Remeasurement of financial liability associated with our exchangeable shares1 (37) (550) (122) (243)Mark-to-market and other (49) 57 (61) 325 Income (loss) before income tax 147 (207) 267 650 Income tax (expense) recovery Current (81) (94) (152) (211)Deferred (5) (8) (18) 14 Net income (loss)$61 $(309) $97 $453 Attributable to: Partnership$(83) $(477) $(195) $(88)Non-controlling interest 144 168 292 541 Reflects (losses) gains on shares with an exchange/redemption option that are classified as liabilities under IFRS. Brookfield Infrastructure CorporationConsolidated Statements of Cash Flows For the three months
ended June 30 For the six months
ended June 30US$ millions, unaudited 2026 2025 2026 2025 Operating activities Net income (loss)$61 $(309) $97 $453 Adjusted for the following items: Earnings from investments in associates, net of distributions received (3) (10) 20 (10)Depreciation and amortization expense 161 153 320 348 Mark-to-market and other 65 (48) 94 (307)Remeasurement of financial liability associated with our exchangeable shares 37 550 122 243 Deferred income tax expense (recovery) 5 8 18 (14)Change in non-cash working capital, net 157 134 (5) 8 Cash from operating activities 483 478 666 721 Investing activities Disposal of subsidiaries, net of cash disposed — — — 431 Purchase of long-lived assets, net of disposals (302) (168) (435) (242)Purchase of financial assets (48) (35) (48) (35)Other investing activities 15 398 15 9 Cash (used by) from investing activities (335) 195 (468) 163 Financing activities Net capital provided to non-controlling interest (176) (367) (222) (518)Net borrowings 194 604 157 134 Exchangeable shares issued, net of costs — — 139 — Other financing activities (60) 20 (30) (16)Cash (used by) from financing activities (42) 257 44 (400) Cash and cash equivalents Change during the period$106 $930 $242 $484 Impact of foreign exchange on cash (5) 13 17 59 Balance, beginning of period 589 274 431 674 Balance, end of period$690 $1,217 $690 $1,217
Ashton Thomas Securities LLC lessened its holdings in shares of Brookfield Corporation (NYSE:BN – Free Report) by 25.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,159 shares of the company’s stock after selling 21,389 shares during the period. Ashton Thomas Securities LLC’s holdings in Brookfield were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in BN. Partners Value Investments L.P. raised its holdings in Brookfield by 50.0% during the fourth quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after purchasing an additional 60,468,651 shares in the last quarter. Dodge & Cox acquired a new position in shares of Brookfield during the 4th quarter valued at $1,894,354,000. Royal Bank of Canada increased its position in shares of Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock valued at $5,215,504,000 after purchasing an additional 32,760,558 shares during the period. Vanguard Group Inc. raised its stake in shares of Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after buying an additional 31,543,313 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Brookfield by 45.0% in the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after buying an additional 30,755,354 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Stock Down 1.6% Shares of Brookfield stock opened at $41.71 on Thursday. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The stock has a 50 day moving average price of $43.95 and a two-hundred day moving average price of $44.19. The stock has a market capitalization of $102.23 billion, a P/E ratio of 81.78 and a beta of 1.54.
Brookfield Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Brookfield’s payout ratio is 54.90%.
Wall Street Analyst Weigh In Several equities analysts have recently weighed in on the stock. TD raised their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Morgan Stanley set a $59.00 target price on shares of Brookfield and gave the stock an “overweight” rating in a report on Tuesday, July 21st. National Bank Financial increased their target price on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Scotia lifted their price target on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $56.64.
View Our Latest Analysis on Brookfield
Brookfield Company Profile (Free Report)
Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.
Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.
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A partnership of energy, infrastructure and utility companies plan to develop a data center campus on the Energy Department's Paducah site in western Kentucky, repurposing the land as part of a privately-funded project.
There are two aspects of an insurance company that investors need to monitor. The first is how well they run their insurance operations. The second is how well they manage the float. The float is why insurance companies can be some of the market's best long-term compounders.
There are material differences between how insurance companies manage the float. At one extreme are companies like Berkshire Hathaway (BRKA -0.06%)(BRKB +0.46%) and Cincinnati Financial (CINF +0.78%), and at the other are companies like Progressive (PGR +0.81%) and Chubb (CB -0.23%). Here's what you need to know before buying any of these insurance stocks.
Image source: The Motley Fool.
Warren Buffett created a model that others want to follow All insurance companies try to write policies profitably, so they collect more in premiums than they pay out in claims. The key metric to monitor on this front is the combined ratio. A number below 100% means a company is making a profit. Big events can push that number above 100% temporarily, so you really want to see it below 100% most of the time, not all of the time.
That said, the main reason insurance companies are powerful compounders is that they can invest the premiums they collect while they wait for claims to come in. This money is known as the float. Warren Buffett, the former CEO of Berkshire Hathaway, often spoke about this. It was one of the keys to his company's long-term success.
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Buffett was particularly aggressive with the float, investing it in stocks and even buying whole companies. Eventually, Berkshire Hathaway turned into a giant conglomerate. Buffett's successor, Greg Abel, for example, recently bought homebuilder Taylor Morrison. His plan is to eventually integrate this business with other housing-related businesses Berkshire Hathaway owns. Some of the stocks in which Berkshire Hathaway is invested include iconic companies like Coca-Cola (KO +2.21%) and American Express (AXP +2.83%).
Other companies have tried to use the same approach Buffett has, including Market Group (MKL +1.01%) and, more recently, Brookfield Corporation (BN +0.98%) and Howard Hughes (HHH +0.06%). All three could be defined as investment-led insurance companies.
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Cincinnati Financial has a similar approach, but isn't as aggressive. The company releases its full portfolio of holdings every quarter. At the end of the first quarter of 2026, equities accounted for approximately 39% of the company's investment portfolio. However, Cincinnati Financial doesn't buy entire companies. For less aggressive investors, it could be a better option than companies that follow the more aggressive Berkshire Hathaway model.
A more traditional approach Most insurance companies are much less aggressive. For example, Progressive's equity investments were around 4.5% of its total portfolio at the end of the first quarter of 2026. Chubb's equity exposure was higher at around 16.5%, including private equity investments. Both are well below the 50% that Cincinnati Financial approaches.
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Most of Progressive and Chubb's investments are in bonds. The goal is simply to generate a reliable income stream from the float to support earnings. Meanwhile, the bonds remain available for sale should a large event push claims higher. Investing more in stocks increases the risk that a large claim event could come during a bear market, forcing equity to be sold at a loss. That said, while bonds tend to be less volatile, they don't provide the capital gains opportunity of stocks. There's a balance, and most insurance companies tend to err on the side of caution.
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That doesn't mean that investors should avoid companies like Progressive and Chubb. It simply suggests that they don't provide the upside potential of Berkshire Hathaway. A lower risk profile, however, may be more appropriate for some long-term investors. With greater equity exposure comes greater risk during a bear market, when the value of an equity portfolio generally falls. It is also worth noting that many companies that follow the Berkshire model don't pay dividends, whereas Progressive and Chubb do.
The middle ground? Cincinnati Financial is probably a good middle ground for investors who want to benefit from the compounding power of owning stocks, but don't want the risk of buying entire companies. This insurer is a Dividend King, with over 50 years of annual dividend increases. Still, the float is the secret sauce that turns a boring business like writing insurance into a powerful compounding tool for shareholders. But don't just buy an insurance company, dig in and make sure you understand how it uses the float.
Planned Investments to Scale NAVER’s Initial Multi-Tenant NVIDIA DSX AI Factory to 200 Megawatts by 2028, Fueling Next Generation of Korea and US AI Innovators
News Summary:
NAVER, NVIDIA and Brookfield plan to invest in gigawatt-scale, multi-tenant AI cloud infrastructure to power the next generation of AI companies in Korea and the U.S.NAVER and NVIDIA team plan to expand the initial NVIDIA DSX AI factory buildout at GAK Sejong data center from 55 megawatts to 200 megawatts by 2028.NAVER plans to continue its path toward gigawatt-scale sovereign AI infrastructure, deploying the NVIDIA DSX platform to deliver full-stack, lowest-cost AI factory infrastructure for enterprises, industries and government. SAN FRANCISCO, July 27, 2026 (GLOBE NEWSWIRE) -- AI Summit -- NAVER, NVIDIA and Brookfield today announced a proposed expansion of Korea's sovereign AI factory infrastructure, with planned investments that will grow the initial NVIDIA® DSX™ AI factory deployment to 200 megawatts — more than tripling the 55-megawatt buildout announced last month. NAVER intends to expand its deployment of NVIDIA AI infrastructure to 1 gigawatt.
Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion marks a significant acceleration of Korea’s national AI ambitions. The expanded infrastructure will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea.
NVIDIA plans to invest $1 billion into NAVER Corp. and Brookfield plans to fund up to $9 billion for AI infrastructure. NAVER will fund the remaining amounts to finance the project. NVIDIA’s planned investment is subject to customary closing conditions. The expanded infrastructure will provide Korea- and U.S.-based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.
“NVIDIA’s planned strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI factory business into a robust execution phase,” said Haejin Lee, founder and chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem and spearhead efforts to strengthen South Korea’s AI competitiveness.”
“The partnership will combine Brookfield’s global AI infrastructure investment capabilities, NAVER’s full-stack AI and data center operating expertise, and NVIDIA’s accelerated computing platform to advance Korea’s AI capabilities,” said Sikander Rashid, global head of AI infrastructure at Brookfield. “As AI adoption accelerates across the global economy, access to trusted, sovereign and scalable AI infrastructure is becoming an increasingly important strategic priority for companies and countries.”
“AI factories are the infrastructure nations need to compete and innovate in the intelligence era,” said Jensen Huang, founder and CEO of NVIDIA. “Together, NAVER, NVIDIA and Brookfield are building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries. This is how nations and companies are building their futures in the age of AI.”
Expanding AI Factory Capacity to Fuel AI Innovators
The 200-megawatt AI factory is expected to feature advanced NVIDIA AI infrastructure including the NVIDIA Vera Rubin and NVIDIA Blackwell platforms. It intends to establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale. As an NVIDIA Cloud Partner, NAVER provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform.
Today’s proposed expansion builds on the June announcement in which NAVER committed to extending its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure to serve Korea’s enterprises, industries, government organizations and global AI cloud customers.
Brookfield Investments Scale AI Infrastructure Deployments
Brookfield has established one of the industry’s leading AI infrastructure investment platforms, with approximately $100 billion of assets under management across the AI infrastructure value chain including data centers, compute, semiconductor manufacturing and dedicated power generation.
The planned NAVER investment will mark another significant milestone in Brookfield’s strategic partnership with NVIDIA. Building on NVIDIA’s participation as a founding partner in the Brookfield Global AI Infrastructure Program, the planned investment combines Brookfield’s capital and AI infrastructure and power expertise with NVIDIA’s accelerated computing platform to support the deployment of large-scale AI factories.
Brookfield has been an active, long-term investor in Korea since establishing a presence in the country in 2014 across infrastructure, real estate and energy.
NVIDIA DSX Platform Powers Expansion
The NVIDIA DSX platform provides an end-to-end, codesigned stack for AI factories — spanning chips, systems, software, facilities and partner technologies — purpose-built to minimize token cost and accelerate time to first production.
NVIDIA DSX MaxLPS™ software maximizes token throughput per megawatt, while NVIDIA DSX OS™ provides lifecycle management, health automation, resiliency and multi-tenant AI factory management across the expanded infrastructure.
Open Models Accelerate Growth
In addition, the expanded infrastructure builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.
NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.
About NAVER
Founded in 1999, NAVER is Korea's largest Internet company and one of the world's top tech companies. Leading cutting-edge technologies, NAVER operates No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.
NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.
About Brookfield
Brookfield is a leading global investment firm with more than $1 trillion in assets under management. The firm owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate, and credit. With more than a century of operating experience and a global presence in over 30 countries, Brookfield deploys long-term capital to generate sustainable value for its clients and shareholders. Brookfield Corporation (NYSE: BN, TSX: BN) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) are publicly traded in New York and Toronto.
For more information, please visit our website at http://www.brookfield.com.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
For further information, contact:
Corporate Communications
NVIDIA Corporation [email protected]
Certain statements in this press release including, but not limited to, statements as to: together, NAVER, Brookfield and NVIDIA building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries; expectations with respect to NVIDIA’s partnership with NAVER and Brookfield; expectations with respect to demand, growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
This press release contains forward-looking statements regarding the NAVER’s future plans, outlook, and initiatives, as of the date of this release. Actual results and outcomes may differ materially depending on future changes in market conditions and business circumstances.
Brookfield Cautionary Statement
This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the impact of the partnership on Brookfield, NAVER and NVIDIA and the expected benefits of Brookfield’s investment.
Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, not presently known to Brookfield or that that Brookfield currently believes are not material, could cause actual results or events to differ materially from those contemplated or implied by forward-looking statements.
Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
NextEra Energy (NYSE:NEE | NEE Price Prediction) and Brookfield Renewable Partners (NYSE:BEP) both posted Q1 2026 results that sharpen a long-running income debate.
NextEra leaned on its Florida utility and a swelling renewables backlog. Brookfield leaned on hydro cash flow and a Westinghouse-driven nuclear push, while a derivatives mark dragged GAAP earnings. For dividend investors, the two now offer very different flavors of the same clean-power thesis.
Florida Utility Cash vs. Global Hydro Cash NextEra’s Q1 was clean. Adjusted EPS came in at $1.09, up 10% YoY, on revenue of $6.70B. Florida Power & Light added roughly 100,000 customers and brought about 600 MW of new solar online, while NextEra Energy Resources booked a record origination quarter with 4 GW added to a backlog now near 33 GW.
CEO John Ketchum told investors NextEra expects “to grow adjusted earnings per share at a compound annual growth rate of 8%+ through 2032″. That is the kind of visibility income buyers pay up for.
Brookfield’s quarter looked messier on the surface. GAAP net loss hit $295M, weighed by a $193M mark-to-market hit on long-term power derivatives. Underneath, proportionate FFO reached $375M, or $0.55 per unit, up 19% YoY, and the business commissioned roughly 1,800 MW of new capacity.
Connor Teskey framed the tone plainly, citing “the multi-decade trends of reindustrialization and electrification” amplified by data centers. Hydroelectric alone contributed $712M in revenue, the closest thing in renewables to a utility annuity.
The Dividend Math Is Not Close Dividend Lens NEE BEP Quarterly payout $0.6232 $0.392 Indicated yield 2.64% 4.89% Growth target ~10% through 2026, then 6% through 2028 5% to 9% annually Structure C-corp, 1099 LP, K-1 Brookfield pays you more today. NextEra grows the check faster and does not saddle you with a K-1. The current quarterly step from $0.5665 in 2025 to $0.6232 in 2026 shows NextEra still walking that 10% path.
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Brookfield moved from $0.373 to $0.392, a solid mid-single-digit bump backed by a 12-year weighted-average contract duration and 92% contracted revenue for the rest of 2026.
What I Am Watching Into 2027 For NextEra, I want to see the 9.5 GW of new gas-fired generation tied to the U.S.-Japan trade deal move from press release to concrete, and the Duane Arnold nuclear restart deliver its expected $0.16 in annual adjusted EPS.
For Brookfield, the Boralex acquisition, the 3,000 MW Google hydro framework, and Westinghouse’s AP1000 push will determine whether that 12% to 15% long-term total return target holds. Rising corporate borrowings, now $4.8B versus $3.7B, deserve attention too.
Why I Lean NEE for Sleep-at-Night Income If I am building a core dividend position and I want to stop thinking about it, I take NextEra. The regulated FPL earnings base, a beta of 0.667, and a clear 8%-plus EPS runway through 2032 give me a rare mix of yield growth and stability. The 18.64% one-year return is a welcome tailwind on top of the thesis.
If I already own steady utilities and I want a higher current payout with more upside variance, Brookfield fits, especially given its 22.14% YTD move and Westinghouse optionality. I would not own it in a taxable account without accepting the K-1 friction. For most income investors I talk to, NextEra remains the cleaner dividend stock today.
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Aypa has approximately 6.5 GW of operating & contracted capacity and a >20 GW development pipeline
Acquisition provides a scale entry point into the North American battery energy storage market
Enhances our ability to provide integrated energy solutions to our customers
NEW YORK, July 22, 2026 (GLOBE NEWSWIRE) -- Brookfield today announced that it has entered into an agreement to acquire Aypa Power ("Aypa") from funds managed by Blackstone Energy Transition Partners (“Blackstone”) for approximately $7 billion enterprise value at closing, or an equity value of $3 billion. Aypa is the largest standalone battery storage developer in North America, with a highly contracted and diversified portfolio across attractive power markets in the United States and Canada.
Under the terms of the agreement, Brookfield will acquire Aypa's operating, under-construction and contracted project portfolio, together with its development platform and approximately 200-person team. The transaction provides Brookfield with a leading presence in the North American battery energy storage systems ("BESS") market, and will help Aypa deliver on its next phase of growth, supported by Brookfield's differentiated operating and development competencies, procurement, commercial and capital markets capabilities.
Brookfield is pursuing the investment through the second vintage of its flagship global transition strategy, alongside its institutional partners including Brookfield Renewable Partners (“Brookfield Renewable”).
Investment Highlights
Leading North American battery storage platform: Aypa is the largest standalone battery energy storage platform in North America, comprised of approximately 6.5 GW of operating, under-construction and contracted battery storage capacity, complemented by a >20 GW development pipeline. Its assets are strategically located in transmission and capacity-constrained regions experiencing favorable market dynamics. Highly contracted, resilient cash flows: Aypa’s operating and under-construction portfolio is 95% contracted under long-term agreements with investment-grade customers for an average remaining contract life of 17 years, providing strong cash flow visibility. Differentiated development platform: The platform has market-leading siting, transmission analytics, procurement and contracting capabilities, which contribute to strong development execution and project-level economics. Accelerating growth and expanding capabilities: Brookfield will partner with Aypa to accelerate the development of its pipeline by leveraging its operating and development expertise, access to capital, and global supplier and commercial relationships. Together, Brookfield and Aypa are well positioned to meet growing demand for reliable, flexible power by delivering integrated energy solutions to utilities, corporations and other large power customers. Jehangir Vevaina, Chief Investment Officer in Brookfield’s Energy group, said: “We are excited to partner with Aypa to deliver on the company’s scale growth pipeline. Battery storage is increasingly critical to the reliability and resilience of today’s energy systems, and bringing together this leading platform with Brookfield’s broad capabilities across technologies and geographies further strengthens our ability to deliver integrated energy solutions to the world’s largest buyers of power.”
Moe Hajabed, Founder and Chief Executive Officer of Aypa Power, said: "This is an extraordinary achievement for the team that built Aypa. Over the past six years, with Blackstone's partnership, we grew Aypa into the largest and most valuable storage-focused independent power producer in North America. Together, we helped establish battery storage as critical infrastructure, essential to a more reliable and resilient grid. I look forward to seeing Aypa flourish further under Brookfield’s ownership."
Bilal Khan, Senior Managing Director, and Mark Zhu, Managing Director, from Blackstone said: “We invested in Aypa based on our conviction that battery storage would become increasingly critical to supporting grid reliability and meeting growing electricity demand from AI and other use cases. Since then, the company has established itself as the leading battery storage platform in North America, supported by a premier development pipeline and strong customer relationships. We are proud to have partnered with Aypa and its exceptional management team, and look forward to its next phase of growth with Brookfield.”
The transaction is subject to customary regulatory approvals. Cantor Fitzgerald & Co. acted as lead financial advisor, with BofA also serving as financial advisor, to Aypa and Blackstone. Kirkland & Ellis acted as legal counsel to Aypa and Blackstone. White & Case acted as legal advisors to Brookfield.
About Aypa Power
Aypa Power is North America’s leading energy storage-focused independent power producer. Aypa develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects across North America. With 35 projects currently in operation or under construction, and a development pipeline exceeding 20 gigawatts, the company delivers solutions that enhance grid reliability and enable the broader integration of renewable energy resources. Since launching its first project in 2018, Aypa has helped establish energy storage as a vital part of the grid and a core infrastructure asset class. For more information, visit www.aypa.com or follow Aypa Power on LinkedIn.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
Brookfield operates Brookfield Renewable Partners (TSX: BEP.UN, BEPC; NYSE: BEP, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar, and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
For more information, please visit our website at www.brookfield.com.
About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone's strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having invested over $28 billion of equity globally across a broad range of sectors across the energy transition landscape. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.
Contact Information
Brookfield
Media
Simon Maine
Managing Director, Communications
Tel: +1 (332) 298 0447
Email: [email protected] Relations – Brookfield Renewable Partners
Alex Jackson
Vice President, Investor Relations
Tel: +1 (647) 484 8525
Email: [email protected]
Investor Relations – Brookfield Asset Management
Jason Fooks
Managing Director, Investor Relations
Tel: +1 (212) 417 2442
Email: [email protected]
Blackstone Media
Jennifer Heath
Public Affairs
Tel: +1 (347) 603 9256
Email: [email protected] Notice to Readers
This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the impact of the investment on Brookfield and Aypa Power and the expected benefits of the investment.
Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, not presently known to Brookfield or that that Brookfield currently believes are not material, could cause actual results or events to differ materially from those contemplated or implied by forward-looking statements.
Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.”
Brookfield Renewable Partners (BEP +0.75%) and Brookfield Renewable Corporation (BEPC -3.75%) announced their intention to simplify their corporate structure. Their infrastructure siblings, Brookfield Infrastructure Partners (BIP +1.87%) and Brookfield Infrastructure Corporation (BIPC -0.54%), also announced the same intention. The moves would create two publicly traded corporations: one focused on renewable energy (Brookfield Renewable Partners) and another on infrastructure (Brookfield Infrastructure Partners).
Here’s a look at what these corporate simplifications mean for dividend investors.
Image source: Getty Images.
The benefits of simplifyingBrookfield Corporation (BN -0.64%), the parent company of these entities, initially created the economically equivalent corporate twins (BEPC and BIPC) to provide investors with greater access to its publicly traded operating companies. Some investors don’t like holding partnerships because they issue Schedule K-1 Federal tax forms, which adds some tax complexity. Additionally, partnerships aren't eligible for investment in most retirement accounts and inclusion in most indexes. While the creation of these corporate entities helped broaden their investment appeal, it didn't solve all the problems.
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By simplifying their corporate structures into publicly traded corporations, Brookfield expects to reap several benefits, including:
Increased trading liquidity through a single listed entity.Increased demand from indexes and the exchange-traded funds (ETFs) that track them.Simplified investor analysis.Eliminating partnership tax reporting for BEP and BIP unitholders.If security holders approve the moves, all investors will receive newly issued shares of the new corporation (BEP for current Brookfield Renewable investors and BIP for existing Brookfield Infrastructure holders). Investors will see no change to their current dividend levels (preserving their roughly 4.5% yields). Meanwhile, both companies will remain in a strong position to continue growing their dividends (5% to 9% annual growth targets) and long-term shareholder value.
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Following a successful blueprintThe simplification announcements likely didn’t come as a surprise to investors who follow Brookfield Corporation or any of its operating companies. The leading global investment firm is currently undergoing its own simplification by recombining with its insurance business (Brookfield Wealth Solutions). It announced plans to streamline its corporate structure earlier this year, which shareholders recently approved. It expects to close the simplification by year-end. Simplifying will enhance its capital efficiency and flexibility and better support its expansion.
That move followed the successful conversion of Brookfield Business Partners and Brookfield Business Corporation into a single listed corporate entity. In the company’s first-quarter letter to shareholders, CEO Bruce Flatt wrote, “The dominance of index investing, strong shareholder support, and a positive market response have reinforced our view that simpler structures with larger market capitalizations are now the most effective way to position these businesses.” That led Brookfield to evaluate similar simplification plans of its listed infrastructure and renewable energy entities, which it’s now progressing.
Making it simpler for dividend investorsBrookfield Corporation is simplifying the structures of its renewable energy and infrastructure operating companies. That will eliminate the burdensome tax reporting for dividend investors who currently hold units of either partnership. Meanwhile, it will provide income-seekers with a simple investment option focused on either infrastructure or renewable energy. That will benefit investors over the long run as it will become much easier to invest in these top high-yield dividend stocks, which will be in an even stronger position to grow their payouts and shareholder value going forward.
Matt DiLallo has positions in Brookfield Corporation, Brookfield Infrastructure, Brookfield Infrastructure Partners, Brookfield Renewable, and Brookfield Renewable Partners and has the following options: short July 2026 $40 puts on Brookfield Corporation. The Motley Fool has positions in and recommends Brookfield Corporation and Brookfield Wealth Solutions. The Motley Fool recommends Brookfield Infrastructure Partners, Brookfield Renewable, and Brookfield Renewable Partners. The Motley Fool has a disclosure policy.
Bank of New York Mellon Corp cut its holdings in shares of Brookfield Corporation (NYSE:BN – Free Report) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,881,916 shares of the company’s stock after selling 70,729 shares during the quarter. Bank of New York Mellon Corp owned about 0.08% of Brookfield worth $76,161,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Partners Value Investments L.P. lifted its position in shares of Brookfield by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after acquiring an additional 60,468,651 shares during the period. Dodge & Cox acquired a new position in shares of Brookfield in the fourth quarter valued at $1,894,354,000. Royal Bank of Canada raised its stake in shares of Brookfield by 40.5% in the fourth quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock valued at $5,215,504,000 after purchasing an additional 32,760,558 shares in the last quarter. Vanguard Group Inc. lifted its position in Brookfield by 52.1% in the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after purchasing an additional 31,543,313 shares during the period. Finally, Capital World Investors lifted its position in Brookfield by 45.0% in the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after purchasing an additional 30,755,354 shares during the period. 61.60% of the stock is owned by institutional investors.
Analyst Ratings Changes A number of equities analysts have recently issued reports on BN shares. TD Securities restated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Royal Bank Of Canada decreased their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. National Bank Financial upped their target price on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Scotiabank reissued an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Finally, Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $56.64.
View Our Latest Stock Report on BN
Brookfield Stock Down 0.5% Shares of NYSE:BN opened at $42.19 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The stock has a market cap of $103.40 billion, a price-to-earnings ratio of 82.72 and a beta of 1.54. The company has a 50 day moving average of $44.39 and a 200-day moving average of $44.43. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56.
Brookfield Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.
About Brookfield (Free Report)
Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.
Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.
Featured Articles Five stocks we like better than Brookfield Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Corporation (NYSE:BN – Free Report).
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This news release constitutes a “designated news release” for the purposes of the prospectus supplement dated November 19, 2025 to the short form base shelf prospectus of Brookfield Infrastructure Corporation and Brookfield Infrastructure Partners L.P. dated January 29, 2025
BROOKFIELD, News, July 21, 2026 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (“BIP”) and Brookfield Infrastructure Corporation (NYSE: BIPC; TSX: BIPC) (“BIPC”, and together with BIP, “Brookfield Infrastructure”) today announced that it has approved plans to simplify its corporate structure (the “Simplification”) by converting BIP and BIPC into one publicly traded corporation, Brookfield Infrastructure Partners Inc. (“BIP Inc.”).
“We are proud to mark the next chapter in Brookfield Infrastructure Partners’ evolution as a public company,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “The simplification is designed to broaden our investor base, support increased index demand and make Brookfield Infrastructure easier to own through a traditional corporate structure. This transaction is expected to drive long-term value for all securityholders.”
Benefits of a Simplified Structure
Brookfield Infrastructure expects the Simplification to be tax-deferred for Canadian and U.S. investors and completed without any meaningful cost to the business, while providing securityholders with the following benefits, among others:
Improved consolidated trading liquidity through a single listed security;Increased demand from current indices and potential additional index inclusion;Stronger alignment with long-term capital allocation trends toward indexable and ETF-eligible corporate securities;Simplified investor analysis, screening, and benchmarking through a single listed reporting entity;Broader access to a larger pool of investors who prefer corporate structures;Enhanced governance framework and voting rights for public securityholders; andFor BIP unitholders, elimination of onerous partnership tax reporting forms and preferential dividend tax rates for many Canadian and U.S. taxable investors. Corporate Simplification Details
Under the terms of the Simplification, upon receipt of approval from BIP unitholders, all outstanding limited partnership units of BIP, other than preferred units, will, together with certain related exchangeable securities, be exchanged on a one-for-one basis for newly issued shares of BIP Inc.
BIPC shareholders will separately be asked to approve the Simplification, pursuant to which their class A exchangeable subordinate voting shares in BIPC (the “BIPC exchangeable shares”) will be exchanged for new shares of BIP Inc. on a one-for-one basis. If BIPC shareholders vote in favor of the Simplification, the exchange can also be completed on a tax-deferred basis. If BIPC shareholders do not approve the Simplification, the BIPC exchangeable shares will remain outstanding and become exchangeable, on a one-for-one basis, for newly issued shares of BIP Inc., rather than being exchangeable for units of BIP as they are today.
Completion of the exchange of BIP limited partnership units for shares of BIP Inc. is not conditional on BIPC shareholder approval.
Special meetings of BIP unitholders and BIPC shareholders will be held on October 14, 2026, and securityholders of record as of the close of business on August 21, 2026 will be entitled to vote at the applicable meeting. The Simplification will be implemented by way of a court-approved plan of arrangement and will be subject to customary regulatory approvals for a transaction of this nature, including approval for the listing of BIP Inc.’s shares on the New York Stock Exchange and Toronto Stock Exchange. Following securityholder approval, Brookfield Infrastructure expects to complete the Simplification in the fourth quarter of 2026.
There will be no change to Brookfield’s ownership of Brookfield Infrastructure as a result of the Simplification. BIP’s preferred units and public debt will remain outstanding and unaffected by the Simplification.
Brookfield Asset Management’s management fee and incentive distribution arrangements will continue in a manner consistent with Brookfield Infrastructure’s existing arrangements.
The Board of Directors of each of BIP and BIPC, based in part on the unanimous recommendations of their respective special committees (consisting entirely of independent directors) and the fairness opinions received from Scotiabank, unanimously determined that the Simplification is in the best interests of BIP and BIPC, respectively, and have unanimously resolved to approve the Simplification and recommend that BIP unitholders and BIPC shareholders vote in favor of the Simplification.
Torys LLP is acting as legal advisor to Brookfield Infrastructure for the Simplification.
Scotiabank is acting as independent financial advisor and Goodmans LLP is acting as independent legal counsel to the special committees of each of BIP and BIPC in connection with the Simplification.
Further information regarding the Simplification, including details on the votes that will be required and the other conditions for closing, will be contained in a joint management information circular of BIP and BIPC.
Copies of the joint management information circular, the arrangement agreement, the plan of arrangement and certain related documents will be filed with the applicable Canadian securities regulators and with the United States Securities and Exchange Commission and will be available on SEDAR+ at https://sedarplus.ca and on EDGAR at https://sec.gov.
About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at https://bip.brookfield.com.
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager, headquartered in New York with over $1 trillion of assets under management. For more information, go to https://brookfield.com.
Contact Information
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any securities to be issued in the transaction will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States, and any securities issued in connection with the transaction are anticipated to be issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act provided for by Section 3(a)(10) thereof and in accordance with applicable state securities laws.
This news release may contain “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws. The words “will”, “target”, “future”, “growth”, “expect”, “believe”, “may”, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements or information in this news release include statements with respect to the Simplification and the special meetings of the unitholders of BIP and the shareholders of BIPC.
Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure, and the completion of the Simplification, are subject to a number of known and unknown risks and uncertainties, which could cause actual results to differ materially from those contemplated or implied by the forward-looking statements or information in this news release. Such risks and factors are described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under “Risk Factors” in the most recent Annual Report on Form 20-F of BIP and in the most recent Annual Report on Form 20-F of BIPC, and other risks and factors that are described therein. Certain risks and uncertainties specific to the proposed Simplification will be further described in the joint management information circular of BIP and BIPC to be delivered to security holders in advance of the special meetings. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
Any statements contained herein with respect to tax consequences are of a general nature only and are not intended to be, nor should they be construed to be, legal or tax advice to any person, and no representation with respect to tax consequences is made. Unitholders and shareholders are urged to consult their tax advisors with respect to their particular circumstances.
This news release constitutes a “designated news release” for the purposes of the prospectus supplement dated January 12, 2026 to the short form base shelf prospectus of Brookfield Renewable Corporation and Brookfield Renewable Partners L.P.
BROOKFIELD, News, July 21, 2026 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) (“BEP”) and Brookfield Renewable Corporation (NYSE: BEPC; TSX: BEPC) (“BEPC”, and together with BEP, “Brookfield Renewable”) today announced that it has approved plans to simplify its corporate structure (the “Simplification”) by converting BEP and BEPC into one publicly traded corporation, Brookfield Renewable Partners Inc. (“BEP Inc.”).
“We are pleased to take this important step in the evolution of Brookfield Renewable,” said Connor Teskey, Chief Executive Officer of Brookfield Renewable. “By simplifying our corporate structure, we expect to enhance the accessibility of our securities to a broader range of investors, support increased index demand and provide a traditional corporate ownership structure. We believe this transaction will strengthen our position over the long term and create lasting value for our investors.”
Benefits of a Simplified Structure
Brookfield Renewable expects the Simplification to be tax-deferred for Canadian and U.S. investors and completed without any meaningful cost to the business, while providing securityholders with the following benefits, among others:
Improved consolidated trading liquidity through a single listed security;Increased demand from current indices and potential additional index inclusion;Stronger alignment with long-term capital allocation trends toward indexable and ETF-eligible corporate securities;Simplified investor analysis, screening, and benchmarking through a single listed reporting entity;Broader access to a larger pool of investors who prefer corporate structures;Enhanced governance framework and voting rights for public securityholders; andFor BEP unitholders, elimination of onerous partnership tax reporting forms and preferential dividend tax rates for many Canadian and U.S. taxable investors. Corporate Simplification Details
Under the terms of the Simplification, upon receipt of approval from BEP unitholders, all outstanding limited partnership units of BEP, other than preferred units, will, together with certain related exchangeable securities, be exchanged on a one-for-one basis for newly issued shares of BEP Inc.
BEPC shareholders will separately be asked to approve the Simplification, pursuant to which their class A exchangeable subordinate voting shares in BEPC (the “BEPC exchangeable shares”) will be exchanged for new shares of BEP Inc. on a one-for-one basis. If BEPC shareholders vote in favor of the Simplification, the exchange can also be completed on a tax-deferred basis. If BEPC shareholders do not approve the Simplification, the BEPC exchangeable shares will remain outstanding and become exchangeable, on a one-for-one basis, for newly issued shares of BEP Inc., rather than being exchangeable for units of BEP as they are today.
Completion of the exchange of BEP limited partnership units for shares of BEP Inc. is not conditional on BEPC shareholder approval.
Special meetings of BEP unitholders and BEPC shareholders will be held on October 14, 2026, and securityholders of record as of the close of business on August 21, 2026 will be entitled to vote at the applicable meeting. The Simplification will be implemented by way of a court-approved plan of arrangement and will be subject to customary regulatory approvals for a transaction of this nature, including approval for the listing of BEP Inc.’s shares on the New York Stock Exchange and Toronto Stock Exchange. Following securityholder approval, Brookfield Renewable expects to complete the Simplification in the fourth quarter of 2026.
There will be no change to Brookfield’s ownership of Brookfield Renewable as a result of the Simplification. BEP’s preferred units and public debt will remain outstanding and unaffected by the Simplification.
Brookfield Asset Management’s management fee and incentive distribution arrangements will continue in a manner consistent with Brookfield Renewable’s existing arrangements.
The Board of Directors of each of BEP and BEPC, based in part on the unanimous recommendations of their respective nominating and governance committees (consisting entirely of independent directors) and the fairness opinions received from Scotiabank, unanimously determined that the Simplification is in the best interests of BEP and BEPC, respectively, and have unanimously resolved to approve the Simplification and recommend that BEP unitholders and BEPC shareholders vote in favor of the Simplification.
Torys LLP is acting as legal advisor to Brookfield Renewable for the Simplification.
Scotiabank is acting as independent financial advisor and Goodmans LLP is acting as independent legal counsel to the nominating and governance committees of each of BEP and BEPC in connection with the Simplification.
Further information regarding the Simplification, including details on the votes that will be required and the other conditions for closing, will be contained in a joint management information circular of BEP and BEPC.
Copies of the joint management information circular, the arrangement agreement, the plan of arrangement and certain related documents will be filed with the applicable Canadian securities regulators and with the United States Securities and Exchange Commission and will be available on SEDAR+ at https://sedarplus.ca and on EDGAR at https://sec.gov.
About Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at https://bep.brookfield.com.
Brookfield Renewable is the flagship listed energy company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management. For more information, go to https://brookfield.com.
Contact Information
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any securities to be issued in the transaction will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States, and any securities issued in connection with the transaction are anticipated to be issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act provided for by Section 3(a)(10) thereof and in accordance with applicable state securities laws.
This news release may contain “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws. The words “will”, “target”, “future”, “growth”, “expect”, “believe”, “may”, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements or information in this news release include statements with respect to the Simplification and the special meetings of the unitholders of BEP and the shareholders of BEPC.
Although Brookfield Renewable believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Renewable, and the completion of the Simplification, are subject to a number of known and unknown risks and uncertainties, which could cause actual results to differ materially from those contemplated or implied by the forward-looking statements or information in this news release. Such risks and factors are described in the documents filed by Brookfield Renewable with the securities regulators in Canada and the United States including under “Risk Factors” in the most recent Annual Report on Form 20-F of BEP and in the most recent Annual Report on Form 20-F of BEPC, and other risks and factors that are described therein. Certain risks and uncertainties specific to the proposed Simplification will be further described in the joint management information circular of BEP and BEPC to be delivered to security holders in advance of the special meetings. Except as required by law, Brookfield Renewable undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
Any statements contained herein with respect to tax consequences are of a general nature only and are not intended to be, nor should they be construed to be, legal or tax advice to any person, and no representation with respect to tax consequences is made. Unitholders and shareholders are urged to consult their tax advisors with respect to their particular circumstances.
LXP Industrial Trust shareholders to receive $61.20 per share in cash
Purchase price represents a 12.3% premium to the 30-day VWAP and a 19.8% premium to the 90-day VWAP
NEW YORK and TORONTO and WEST PALM BEACH, Fla., July 20, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”), together with Canada Pension Plan Investment Board (“CPP Investments”), and LXP Industrial Trust (NYSE: LXP) (“LXP” or the “Company”), today announced that they have entered into a definitive merger agreement under which Brookfield and CPP Investments (collectively, “Buyer”) will acquire LXP in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity.
LXP owns one of the largest portfolios of modern warehouse and logistics facilities in the United States, comprising approximately 53 million square feet across 108 properties in attractive industrial markets in the Sunbelt and Midwest. The portfolio is characterized by modern assets, strong occupancy and long-duration leases that generate durable cash flows and is well positioned to benefit from the demand for high-quality, well-located logistics properties.
Thomas W. Eglin, Jr., Chairman and Chief Executive Officer of LXP, said “This transaction is the culmination of the LXP team’s successful execution of our strategic plan to transform LXP into a pure-play industrial REIT, curate a best-in-class portfolio, and implement our development program. The LXP Board unanimously determined that this transaction with Brookfield and CPP Investments fully maximizes value for our shareholders.”
“LXP has assembled a high-quality industrial portfolio with modern logistics assets in attractive markets,” said Lowell Baron, Chief Executive Officer of Brookfield Real Estate. “The acquisition aligns with our strategy of investing in high-quality real estate with durable cash flows and opportunities to create value through active asset management. We’re excited to partner with CPP Investments and build on LXP’s strong foundation.”
“The industrial sector, particularly in the U.S., continues to offer attractive long-term investment opportunities, supported by structural demand drivers including domestic manufacturing, evolving global supply chains and population growth across key Sunbelt markets,” said Sophie van Oosterom, Managing Director, Head of Real Estate at CPP Investments. “We look forward to partnering with Brookfield and combining their operating expertise with a well-positioned portfolio to generate sustainable investment returns for the CPP Fund in the interests of CPP contributors and beneficiaries.”
Under the terms of the definitive merger agreement, LXP shareholders will receive $61.20 per share in cash, which represents a 12.3% premium to LXP’s 30-day volume weighted average price (“VWAP”) and 19.8% premium to LXP’s 90-day VWAP, in each case for the period ended July 17, 2026.
Transaction Details
The transaction has been unanimously approved by LXP’s Board of Trustees and is expected to close in the fourth quarter of 2026, subject to approval by LXP’s shareholders and satisfaction of other customary closing conditions. The transaction is not subject to a financing condition.
The definitive agreement includes a 40-day “go-shop” period expiring at 11:59 p.m. New York City time on August 28, 2026, during which time LXP, with the assistance of its advisors, may actively solicit and consider alternative acquisition proposals and engage in discussions with third parties. Subject to the terms and conditions of the definitive agreement, including notice and negotiation rights in favor of Buyer, LXP may terminate the transaction and the definitive agreement to enter into a transaction that constitutes a superior proposal, subject to the payment of a termination fee.
There can be no assurance that the solicitation process will result in a superior proposal or that any other transaction will be approved or completed. LXP does not intend to disclose developments with respect to this solicitation process unless and until its Board determines such disclosure is appropriate or otherwise required.
Under the terms of the definitive merger agreement, LXP has agreed to suspend payment of common share dividends until the earlier of the closing of the transaction or the termination of the definitive agreement.
Subject to and upon completion of the transaction, LXP’s shares will no longer trade on the New York Stock Exchange and LXP will become a privately-held company.
LXP’s Second Quarter 2026 Results
LXP intends to release its second quarter 2026 financial results as scheduled on July 29, 2026. In light of the pending transaction, LXP does not intend to continue hosting conference calls or webcasts to discuss its quarterly financial results.
Advisors
BofA Securities, Inc. is acting as lead financial advisor, J.P. Morgan Securities LLC is acting as co-financial advisor and Hogan Lovells Cadwalader US LLP is serving as legal advisor to LXP.
Citigroup Global Markets Inc. and Morgan Stanley & Co. LLP are serving as financial advisors and Gibson, Dunn & Crutcher LLP and Thompson Hine LLP are serving as legal advisors to Brookfield and CPP Investments, with DLA Piper LLP serving as legal advisor to CPP Investments in connection with certain aspects of the transaction. Dechert LLP is acting as legal advisor to Citigroup Global Markets Inc. and Morgan Stanley & Co LLP.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
For more information, please visit our website at www.bam.brookfield.com.
About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interests of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan at arm’s length from governments. At March 31, 2026, the Fund totaled $793.3 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or on X @CPPInvestments.
About LXP Industrial Trust
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and Midwest. LXP seeks to expand its warehouse and distribution portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions. For more information, please visit LXP’s website at www.lxp.com.
Additional Information and Where to Find It
In connection with the proposed transaction, the Company intends to file with the Securities and Exchange Commission (“SEC”) a proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC (if and when it becomes available), the Company will mail the definitive proxy statement and a proxy card to each shareholder entitled to vote at the special meeting relating to the proposed transaction. This communication is not a substitute for the proxy statement or any other document which the Company may file with the SEC. INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT THE COMPANY FILES WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The proposals for consideration by the Company’s shareholders regarding the proposed transaction will be made solely through the proxy statement. The definitive proxy statement, the preliminary proxy statement and any other documents filed by the Company with the SEC (when available) may be obtained free of charge at the SEC’s website at www.sec.gov or by accessing the Investor Relations section of the Company’s website at www.lxp.com or by contacting the Company’s Investor Relations team by email at [email protected].
Participants in the Solicitation
This communication does not constitute a solicitation of a proxy, an offer to purchase or a solicitation of an offer to sell any securities. The Company and certain of its trustees and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s shareholders with respect to the proposed transaction. Information about the Company’s trustees and executive officers and their ownership of the Company’s securities is set forth in the Company’s definitive proxy statement on Schedule 14A for its 2026 annual meeting of shareholders, filed with the SEC on April 3, 2026, and subsequent documents filed with the SEC. Additional information regarding the identity of participants in the solicitation of proxies, and a description of their direct or indirect interests in the proposed transaction, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the proposed transaction when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.
Certain statements contained herein, other than historical fact, regarding the proposed transaction, including any statements regarding the expected timetable for completing the proposed transaction and benefits of the proposed transaction, and any other statements regarding the Company’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provided by the same. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties. No forward-looking statement is intended to, nor shall it, serve as a guarantee of future performance. You can identify the forward-looking statements by the use of words such as “may,” “will,” “would,” “could,” “should,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” "seek," "endeavor," and other similar terms and phrases. Forward-looking statements are subject to various risks and uncertainties and factors that could cause actual results to differ materially from the Company’s expectations, and you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and could materially affect the Company’s results of operations, financial condition, cash flows, performance or future achievements or events. Some of the factors that may affect outcomes and results include, but are not limited to: (i) risks associated with the Company’s ability to obtain the shareholder approval required to consummate the proposed transaction and the timing of the closing of the proposed transaction, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing of the proposed transaction would not occur, (ii) the outcome of any legal proceedings that may be instituted against the parties and others related to the merger agreement and the costs related to such proceedings, (iii) the risk that shareholder litigation or other proceedings in connection with the proposed transaction may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability, (iv) unanticipated difficulties or expenditures relating to the proposed transaction, the response of the Company’s tenants, business partners and competitors to the announcement of the proposed transaction, potential difficulties with the Company’s ability to retain and hire key personnel and maintain its business relationships, including those with tenants and other third parties, as a result of the proposed transaction, and/or potential difficulties in employee retention as a result of the announcement and pendency of the proposed transaction, (v) changes affecting the real estate industry and changes in market and economic conditions, including tariffs, geopolitical tensions and elevated inflation and interest rates that may adversely impact the Company or its tenants, (vi) increased or unanticipated competition in the real estate market, (vii) the uncertainties of real estate development, acquisition and disposition activity, (viii) maintenance of real estate investment trust status, (ix) fluctuations in interest rates and the costs and availability of financing, (x) dependence on tenants’ financial condition, (xi) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement, (xii) the ability to recognize the anticipated benefits of the proposed transaction and (xiii) the risk that the Company’s stock price may decline significantly if the proposed transaction is not consummated. Additional factors include those described under the section entitled Item 1A. “Risk Factors” of Part I of the Company’s 2025 Annual Report on Form 10-K, as filed with the SEC on February 12, 2026, a copy of which is available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Brookfield Wealth Solutions NYSE: BNT shareholders approved all resolutions presented at the company’s annual general and special meeting, including a transaction resolution that would combine the businesses of Brookfield Wealth Solutions and Brookfield Corporation under a single publicly traded company.
Lori Pearson, Chair of the Board, said the proposed combination would place the company and Brookfield Corporation under Brookfield Corporation Limited, referred to during the meeting as “New BN.” Pearson said the transaction is intended to “further simplify the corporate structure, create a more capital-efficient platform to support Brookfield’s long-term growth, and open a path to broader global index inclusion.”
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The company said the transaction is expected to close in late fourth quarter 2026 if it receives the final order of the Ontario Superior Court of Justice, customary closing conditions and all other required legal and regulatory approvals.
Shareholders Approve All Meeting Resolutions Seamus MacLoughlin, Corporate Secretary of Brookfield Wealth Solutions, outlined the voting procedures for the virtual meeting. Lyndsay Hatlelid, Managing Partner and General Counsel, said there were nine items of business and confirmed that a quorum was present.
Pearson said management had received proxies representing a majority of the company’s Class A shares, as well as 100% of the Class B and Class C shares. Those proxies directed management to vote a majority of the shares in favor of the resolutions.
Following the close of voting, MacLoughlin said preliminary voting results showed that the director nominees had been elected and that each other motion had been carried.
The approved matters included:
The election of 10 directors to serve until the next annual general and special meeting of shareholders. The reappointment of Deloitte LLP as external auditor and authorization for directors to set its remuneration. Approval of quarterly return of capital distributions on Class A and Class B shares for periods ending on or around Sept. 29, 2026, Dec. 31, 2026, March 31, 2027, and June 30, 2027. Approval of the transaction resolution related to the combination with Brookfield Corporation. Approval of stock option and escrowed stock plans for New BN and Brookfield Canada Corporation, referred to as “New BNC.” The Class A director nominees elected were William Cox, Anne Schaumburg, Dr. Soonyoung Chang, Lars Rodert and Michele Coleman Mayes. The Class B director nominees elected were Sachin Shah, Barry Blattman, Gregory Morrison, Michael McRaith and Lori Pearson.
CFO Highlights Growth Since 2021 Spinoff After the formal meeting, Thomas Corbett, Chief Financial Officer of Brookfield Wealth Solutions, provided a management presentation on the company’s business and priorities. Corbett said the company has grown significantly since its 2021 spinoff and now has approximately $180 billion of insurance assets, approximately $20 billion of group capital and annualized distributable operating earnings of more than $2 billion.
Corbett said the company remains “very well-capitalized” and has $35 billion of cash and short-term liquid investments. He said that financial position supports policyholder commitments while giving the company flexibility to invest in the business and pursue growth opportunities.
Corbett described three core business lines. He said the retail annuity business has $127 billion of insurance assets across the United States and the United Kingdom. The institutional annuity business has $42 billion of insurance assets across the United States, Canada and the United Kingdom. The property and casualty business has $11 billion of insurance assets and provides diversification from the company’s spread-based lending businesses.
Management Outlines Strategic Priorities Corbett said Brookfield Wealth Solutions remains focused on broadening products and distribution channels in its retail and institutional annuity businesses. He also said the company is working to reposition its investment portfolios by leveraging Brookfield Asset Management’s investment expertise.
In the United Kingdom, Corbett said the company is focused on supporting the continued growth of the recently acquired Just Group as a participant in institutional and retail annuity markets. He also said the company is looking to expand its global footprint through new opportunities, with a focus on Asia.
Corbett said capital allocation remains guided by the objective of delivering returns on invested capital of 15% or greater.
Combination Expected to Create Simpler Structure Discussing the approved combination of Brookfield Corporation and Brookfield Wealth Solutions, Corbett said the transaction “marks the next evolution of Brookfield.” He said Brookfield Wealth Solutions was established five years ago to build an insurance business that protects policyholders, delivers attractive risk-adjusted returns and uses Brookfield’s real asset investing capabilities.
Corbett said the business has grown to nearly $200 billion of assets and that a full combination is now optimal to support growth while maintaining a low-risk profile. He said the combination would create a globally diversified, fully integrated insurance and investment organization under one public company.
Corbett also said the structure would give the insurance operations direct access to Brookfield Corporation’s permanent capital base, which he described as an incremental $145 billion. He said broader index inclusion over time could expand the investor base, improve trading liquidity and increase passive ownership of the shares.
During the question period, Hatlelid said the company expects the combination to enhance the movement of capital between entities over time and support overall business growth. She said Brookfield Wealth Solutions does not anticipate any change to the float managed by Brookfield Asset Management, any change to investment allocations to Brookfield Asset Management or associated funds, or any change in tax treatment of the underlying businesses as a result of the transaction.
About Brookfield Wealth Solutions (NYSE:BNT)Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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July 16, 2026 20:27 ET | Source: Brookfield Corporation
BROOKFIELD, NEWS, July 16, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that the transaction to simplify its corporate structure (the “Transaction”) received shareholder approval at its annual and special meeting of shareholders held on July 16, 2026 (the “Meeting”). Upon completion of the Transaction, Brookfield Corporation Ltd., which will be listed on the TSX and NYSE under the symbol “BN”, will be the new parent entity of the group. Completion of the Transaction is subject to customary conditions and is expected to close by year-end, subject to receipt of all applicable regulatory approvals.
In addition, Brookfield announced that all eight nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and all eight nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (“Class B Shares”) were elected at the Meeting. Detailed results of the vote for the election of directors are set out below.
Management received the following proxies from holders of Class A Shares in regard to the election of the eight directors nominated by this shareholder class:
Director NomineeVotes For%Votes Withheld%M. Elyse Allan1,670,838,79199.3311,198,8480.67Ang Eng Seng1,680,919,87199.931,117,7680.07Janice Fukakusa1,654,108,19598.3427,929,4441.66Maureen Kempston Darkes1,642,627,74197.6639,409,8982.34Frank J. McKenna1,528,459,76790.87153,577,8729.13Hutham S. Olayan1,666,734,57699.0915,303,0630.91Satish C. Rai1,675,269,58799.606,768,0520.40Diana L. Taylor1,594,363,48294.7987,674,1575.21 Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the eight directors nominated by this shareholder class:
Director NomineeVotes For %Howard S. Marks100.0Rafael Miranda100.0Lord O'Donnell100.0Jeffrey M. Blidner100.0Jack L. Cockwell100.0Bruce Flatt100.0Brian D. Lawson100.0Samuel J.B. Pollock100.0 A summary of all votes cast by holders of the Class A Shares and Class B Shares represented at the Meeting is available on EDGAR at www.sec.gov/edgar or SEDAR+ at www.sedarplus.ca.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.
We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
For more information, please visit our website at bn.brookfield.com or contact:
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and reflect management’s current estimates, beliefs and assumptions, which are based on management’s perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Forward-looking statements are typically identified by words such as “expect,” “anticipate,” “believe,” “foresee,” “could,” “estimate,” “intend,” “plan,” “will,” “may” and similar expressions. In particular, the forward-looking statements in this news release include statements regarding the expected closing of the Transaction and receipt of related regulatory approvals.
These forward-looking statements are based on reasonable estimates, beliefs and assumptions, but are subject to significant business, economic, competitive and other risks and uncertainties, described from time to time in Brookfield’s filings with securities regulators in Canada and the United States, that could cause actual results to differ materially from those contemplated or implied by such statements. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements.
July 16, 2026 20:31 ET | Source: Brookfield Wealth Solutions
BROOKFIELD, NEWS, July 16, 2026 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) announced that the transaction to simplify its corporate structure (the “Transaction”) received shareholder approval at its annual general and special meeting of shareholders held earlier today. Upon completion of the Transaction, Brookfield Wealth Solutions Ltd. will be delisted and Brookfield Corporation Ltd., which will be listed on the TSX and NYSE under the symbol “BN”, will be the new parent entity of the group. Completion of the Transaction is subject to customary conditions and is expected to close by year-end, subject to receipt of all applicable regulatory approvals.
All five nominees proposed for election to the board of directors by holders of class A exchangeable limited voting shares (“class A shares”) and all five nominees proposed for election to the board of directors by the holder of class B limited voting shares (“class B shares”) were elected. Detailed results of the vote for the election of directors are set out below.
Management received the following proxies from holders of class A shares in regard to the election of the five directors nominated by this shareholder class:
Director NomineeVotes For%Votes Withheld%Dr. Soonyoung Chang45,981,23599.47246,1930.53William Cox44,756,77296.821,470,6563.18Michele Coleman Mayes46,120,05199.77107,3770.23Lars Rodert46,118,90199.77108,5270.23Anne Schaumburg45,793,44399.06433,9850.94 Management received a proxy from the holder of class B shares to vote all 36,000 class B shares for each of the five directors nominated for election by this shareholder class, being Barry Blattman, Gregory Morrison, Lori Pearson, Sachin Shah and Michael McRaith.
All other matters put forth at the meeting were approved by shareholder vote and a summary of all votes cast by shareholders represented at the company’s annual general and special meeting of shareholders will be available electronically on EDGAR on the United States Securities and Exchange Commission’s website at www.sec.gov or on Brookfield Wealth Solutions’ SEDAR profile at www.sedarplus.ca.
Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation (NYSE, TSX: BN). For more information, please visit our website at bnt.brookfield.com or contact:
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and reflect management’s current estimates, beliefs and assumptions, which are based on management’s perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Forward-looking statements are typically identified by words such as “expect,” “anticipate,” “believe,” “foresee,” “could,” “estimate,” “intend,” “plan,” “will,” “may” and similar expressions. In particular, the forward-looking statements in this news release include statements regarding the expected closing of the Transaction and receipt of related regulatory approvals.
These forward-looking statements are based on reasonable estimates, beliefs and assumptions, but are subject to significant business, economic, competitive and other risks and uncertainties, described from time to time in Brookfield’s filings with securities regulators in Canada and the United States, that could cause actual results to differ materially from those contemplated or implied by such statements. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements.
Beyond the AI Trade: 3 Defensive Stocks Built for StabilityBrookfield NYSE: BN shareholders approved a key transaction resolution at the company’s annual and special meeting, advancing a plan to combine Brookfield Corporation and Brookfield Wealth Solutions Ltd. under a single publicly traded company referred to during the meeting as New BN.
Frank McKenna, chair of Brookfield’s board, said the transaction is intended to “further simplify our corporate structure, create a more capital-efficient platform to support Brookfield’s long-term growth, and open a path to broader global index inclusion.” He described the combination as “the next evolution of Brookfield as a globally diversified and fully integrated insurance and investment organization.”
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3 Stocks to Ride the Manufacturing Sector's Big ComebackThe vote was held pursuant to an order of the Ontario Superior Court of Justice. McKenna said the final court hearing to approve the transaction is scheduled for July 21, 2026, and that the deal is expected to close in late fourth quarter 2026, subject to customary closing conditions, including approval by Brookfield Wealth Solutions shareholders and other legal and regulatory approvals.
Shareholders Approve Core Meeting Items At the formal portion of the meeting, Brookfield shareholders elected 16 directors. The nominees for Class A limited voting shareholders were Elyse Allan, Ang Eng Seng, Janice Fukakusa, Maureen Kempston Darkes, Frank McKenna, Hutham Olayan, Satish Rai and Diana Taylor. The nominees for Class B limited voting shareholders were Howard Marks, Rafael Miranda, Lord Gus O'Donnell, Jeffrey Blidner, Jack Cockwell, Bruce Flatt, Brian Lawson and Sam Pollock.
McKenna said 15 of the 16 nominees had been elected at the prior annual general meeting in June 2025 and were standing for re-election. Ang Eng Seng, a current director, was appointed by the board on Feb. 11, 2026, and stood for re-election at the meeting.
Shareholders also approved the reappointment of Deloitte LLP as Brookfield’s external auditor and authorized the directors to set its remuneration. An advisory resolution on the company’s approach to executive compensation was also carried.
Several resolutions connected to the proposed transaction were also considered, including share option and escrowed stock plans for New BN and Brookfield Canada Corporation, referred to as New BNC. The meeting operator said formal declarations on the New BN share option plan, New BN escrowed stock plan, New BNC escrowed stock plan and New BNC share option plan would be made after the Brookfield Wealth Solutions shareholder meeting later in the day. Final voting results are expected to be posted to SEDAR+.
Brookfield Reports Strong 12-Month Performance Following the formal meeting, Nicholas Goodman, Brookfield’s president and chief financial officer, reviewed the company’s financial performance and strategic priorities. Goodman said Brookfield has built a permanent capital base of $175 billion, which he described as “one of the largest pools of discretionary capital globally.”
Goodman said Brookfield generated $6 billion of distributable earnings over the last 12 months, supported by growth across asset management, wealth solutions and operating businesses. He said the asset management business raised $108 billion of capital across strategies, increasing fee-bearing capital to $614 billion. Fee-related earnings rose 18% to $3.1 billion over the period.
In wealth solutions, Goodman said distributable earnings increased 11% to $1.7 billion. He said insurance assets grew to $180 billion, including the acquisition of Just Group, which added $40 billion of assets and expanded Brookfield’s presence in the U.K. Brookfield also originated $20 billion of annuity sales and deployed $14 billion of float into Brookfield-managed strategies.
Goodman said Brookfield’s operating businesses generated $1.5 billion of distributable earnings, supported by “stable and resilient cash flows.” He also noted that real estate occupancy was above 95% across Brookfield’s super core and core plus portfolios.
Capital Allocation and Growth Outlook Goodman said Brookfield returned $1.5 billion of capital to shareholders over the past year, including $900 million through share repurchases and $600 million through dividends. He said the company completed $170 billion of financings across its businesses and currently has $188 billion of deployable capital, while maintaining an A-minus credit rating at the corporation.
Looking ahead, Goodman said Brookfield is “exceptionally well-positioned” to grow earnings by more than 20% annually over the next five years, before the effects of capital allocation. He said the company expects distributable earnings to grow from $2.54 per share today to $5.85 per share by 2030, consistent with plans outlined at its investor day last September.
Goodman said capital allocation could add another $1.10 per share of earnings over five years, increasing expected distributable earnings to $6.95 per share by 2030. He said Brookfield expects to generate $53 billion of cumulative free cash flow from existing businesses over the next five years, which would be deployed through the company’s centralized capital allocation framework.
Goodman said Brookfield expects wealth solutions insurance assets to grow from $180 billion to $350 billion by 2030 and fee-bearing capital at Brookfield Asset Management to grow to more than $1 trillion. He also said carried interest is reaching “an inflection point” as transaction activity and realizations increase.
Management Highlights Rationale for BN-BWS Combination Goodman said the proposed combination of Brookfield Corporation and Brookfield Wealth Solutions would simplify the corporate structure and allow shareholders to own the full value of both businesses through a single security. He said it would also provide the insurance operations with direct access to the corporation’s permanent capital base, which he described as an incremental $145 billion.
Goodman added that the new structure could create a path toward broader global index inclusion, which over time could broaden Brookfield’s investor base, improve trading liquidity and support greater ownership by passive investment vehicles. He said the transaction is expected to be tax-efficient for most shareholders.
No shareholder questions were submitted during the formal meeting or the management presentation, according to the operator.
About Brookfield (NYSE:BN)Brookfield Corporation NYSE: BN is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.
Brookfield's services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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A U.S. flag hangs on the front of the New York Stock Exchange before the day's trading starts in New York, U.S., March 16, 2020. REUTERS/Lucas Jackson/File Photo Purchase Licensing Rights, opens new tab
July 15 (Reuters) - Data center provider Csquare (CSQR.N), opens new tab priced its initial public offering at $21 per share, Bloomberg News reported on Wednesday, citing sources.
Brookfield (BN.TO), opens new tab the Dallas-based company's backer, is considering buying a portion of the offering, the report added.
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Reuters could not immediately verify the report.
Csquare and Brookfield could not immediately be reached for comment outside regular business hours.
A rebound in IPO activity has boosted market sentiment, prompting companies to accelerate listings while the market window remains open despite geopolitical uncertainty.
Growing demand for AI computing infrastructure has boosted investor interest in data center operators, which are expanding capacity to meet demand for AI workloads.
Founded in 2019, Csquare owns and operates 64 data center sites across 21 metropolitan markets in North America and the UK, providing co-location and connectivity services to enterprises, cloud providers and telecommunications companies, according to its IPO filing.
The company said it plans to use most of the IPO proceeds to repay debt, with the remainder allocated for general corporate purposes, including acquisitions, working capital and capital expenditures.
Reporting by Prakhar Srivastava in Bengaluru and Natalia Bueno Rebolledo in Mexico City; Editing by Tasim Zahid
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Brookfield Corporation (BN +0.69%) has been quietly building an investment-led insurance platform. This strategy has provided it with a growing source of perpetual capital to invest, enabling it to generate more fee-based income. The company has grown its insurance portfolio to over $180 billion in assets.
That's only the beginning. Here's why insurance is becoming Brookfield's next growth engine.
Image source: The Motley Fool.
Quietly building an insurance behemoth one deal at a time Brookfield initially formed its dedicated insurance platform in 2021 with the creation and spinoff of Brookfield Asset Management Reinsurance Partners, which it later renamed Brookfield Wealth Solutions (BNT +0.78%). The company initially created a separate insurance arm to grow that platform. It has certainly done that over the past five years.
The biggest growth driver has been acquisitions. Brookfield Wealth Solutions bought American National ($5.1 billion in 2022), Argo ($1.1 billion in 2023), AEL ($4.3 billion in 2024), and Just Group ($3.2 billion in 2026). These deals have helped grow its total capital from $5.7 billion in 2022 to $19.8 billion at the end of last year, while increasing its insurance assets from $45 billion to over $180 billion. Meanwhile, its distributable earnings have skyrocketed from $30 million in 2021 to $1.7 billion last year.
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Only the beginning Brookfield is about to embark on the next phase of its investment-led insurance growth strategy by recombining with Brookfield Wealth Solutions. Shareholders will vote on the deal later this week, which the company hopes to close by year-end. The combination will simplify its corporate structure, provide its insurance operations with greater access to Brookfield's corporate balance sheet, and give it greater flexibility to optimize its long-term expansion.
The company aims to grow its insurance assets to $350 billion by 2030. While Brookfield plans to continue making acquisitions, it expects organic growth to do most of the heavy lifting going forward. It sees a combination of the recently closed Just Group deal, annuity growth, and asset rotation and optimization of its existing insurance assets, boosting the distributable earnings of its wealth solutions platform to $4.8 billion by 2030. Meanwhile, it anticipates that future acquisitions will push this segment's earnings up over $5.5 billion.
That's a meaningful growth engine for the leading global investment firm. Brookfield currently expects the combined company to grow its earnings at a 25% compound annual rate through 2030. The company anticipates its wealth solutions business to contribute 34% of its total earnings growth during that period. That's the biggest growth driver, well ahead of the growth contribution it expects from capital allocation (23%), carried interest (22%), asset management (19%), and its operating businesses (2%).
Brookfield has quietly built up a leading insurance platform over the past few years. That business has become a major growth driver for the company. It will play a starring role in supporting Brookfield's plans to deliver 25% compound annual earnings growth through 2030. That robust earnings growth should significantly boost Brookfield's stock, which it expects will be worth about $140 by 2030. With its share price currently in the low-$40's, Brookfield's high-powered insurance-driven growth profile makes it look like one of the best financial stocks to buy and hold for the long term right now.
Matt DiLallo has positions in Brookfield Corporation and has the following options: short July 2026 $40 puts on Brookfield Corporation. The Motley Fool has positions in and recommends Brookfield Corporation and Brookfield Wealth Solutions. The Motley Fool has a disclosure policy.
Brookfield Infrastructure Partners (BIP) remains a Buy, supported by robust cash flow, resilient global assets, and attractive yield despite macro headwinds. BIP reported Q1 AFFO growth to $596M, advanced portfolio recycling, and executed strategic acquisitions, still targeting 12–15%+ IRR and >10% FFO/unit growth. Balance sheet strength is underpinned by long-term, fixed-rate, non-recourse debt and no maturities due in 2026, mitigating interest rate risk.
July 13, 2026 06:45 ET | Source: Brookfield Corporation
BROOKFIELD, NEWS, July 13, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) will host its second quarter 2026 conference call and webcast on Thursday, August 13, 2026, at 10:00am (ET).
Results will be released that morning at approximately 7:00am (ET) and available on our website at https://bn.brookfield.com/events-news/press-releases
Participants can join by conference call or webcast:
Conference Call
Please pre-register by conference call:
https://register-conf.media-server.com/register/BI33fe6ec1392e4d5b96be7ae5bf3808cf Upon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast
Please join and register by webcast: https://edge.media-server.com/mmc/p/54f6ymvpReplay of the event is available on the above webcast link for 90 days. About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.
We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
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The trading activity of members of Congress continues to be closely monitored by retail investors, especially when the stocks bought could land deals from committees the members serve on.
Congresswoman’s Trades Get FlaggedCongresswoman Maria Elvira Salazar (R-Fla.) recently disclosed new trades made in June, as reported by the Benzinga Government Trades page.
Among the trades disclosed were the following:
In total, the congresswoman bought BEP stock six times over a three-day stretch with a total purchase of $20,000 to $125,000.
The congresswoman also previously bought BEP stock back in May.
The Nancy Pelosi tracker account on social media flagged the purchase as unusual and a "notable political trade alert."
"The company recently announced it’s exploring a merger, which would open the stock up to millions of new investors. For context, Brookfield Renewable is one of the largest clean energy companies in the world and headquartered in Bermuda. Salazar chairs the committee that oversees U.S. policy in Latin America," PelosiTracker tweeted.
The account also flagged Salazar buying stock in Voyager Technologies Inc (NYSE:VOYG), a defense and space company.
"Voyager builds defense systems and sells them to governments around the world. What makes it interesting is Salazar sits on the House Foreign Affairs Committee. That Committee oversees the State Department, which approves every international arms deal a defense company like Voyager wants to make."
Salazar’s Trading HistoryIn 2024, Salazar made more than $2 million in trades, mostly buys. In 2023, the congresswoman made over $3 million in trades, mostly buys.
Salazar’s committee assignments could create conflicts of interest for several of the stock purchases, including Boeing and GE Aerospace, two stocks that could benefit from increased war activities and an increased defense budget.
Salazar also bought several banking stocks, such as Citigroup and Goldman Sachs. These purchases could be a conflict of interest with her assignment on the Financial Services Committee.
Benzinga will continue to monitor the trading activity of members of Congress for questionable trades.
Photo: W. Scott McGill via Shutterstock
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