Capital GenerationBN is viewed as a capital compounder that is on the cusp of seeing a significant step-up in excess capital generation, resulting in faster book value growth, higher ROE and a greater return of capital opportunities.
Share RepurchaseLeading to Q1/25 reporting, BN had repurchased $0.9B in shares, representing a meaningful acceleration relative to recent history.
Stock PerformanceBN remains one of the best-performing alternative asset manager stocks year to date calendar 2025 with the discount to NAV narrowing meaningfully.