Corrects currency for Q1 fee-related earnings per share to USD from CAD in Key Details table and first bullet of Overview

Overview

• Alternative asset manager's Q1 fee-related earnings per share rose 11% yr/yr to $0.48

• Distributable earnings for Q1 increased 7% yr/yr to $702 mln

• Company raised $21 bln in new capital and deployed or committed $34 bln in Q1

Outlook

• Brookfield Asset Management expects 2026 growth to exceed its long-term targets

• Company expects infrastructure and private equity flagships to be largest vintages ever

• Company says market conditions remain favorable for capital deployment and monetization

Result Drivers

• FUNDRAISING - Co said Q1 fundraising totaled $21 bln, driven by complementary strategies and insurance inflows

• CAPITAL DEPLOYMENT - Co deployed or committed to deploy $34 bln in Q1 across infrastructure, energy, private equity, real estate, and credit

• FLAGSHIP STRATEGY GROWTH - Co said infrastructure and private equity flagship funds launched new vintages, expected to be largest ever

Company press release: ID:nGNX9tnRjZ

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for BROOKFIELD ASSET MANAGEMENT LTD is $57.00, about 16.8% above its May 7 closing price of $48.79

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 27 three months ago

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