Brookfield Corporation (TSE:BN)
NYSE:BN
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.89Last Year’s EPS
0.73Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial update: strong distributable earnings, continued fundraising momentum ($67B YTD), solid asset monetizations ($17B advanced; IFC Seoul recapitalization at 17% IRR), robust real estate leasing with meaningful rent uplifts, and accelerating scale in Wealth Solutions highlighted by the Just acquisition (+$40B assets). Management acknowledged short‑term headwinds in residential timing, annuity demand seasonality and yield/cost dynamics, and noted regulatory and market noise but emphasized resilience, capital flexibility, and strategic positioning to rotate capital into higher-return, long-duration investments. Overall, the positive developments and growth catalysts materially outweigh the manageable near-term challenges.Company Guidance
Strong Quarterly and Trailing Twelve-Month Distributable Earnings
Total distributable earnings (DE) were $1.6B for the quarter and $6.0B over the last 12 months. DE before realizations was $1.4B ($0.59/share) for the quarter, a 7% increase versus prior year quarter, and $5.5B ($2.32/share) over the last 12 months.
Robust Asset Management Fundraising and Fee Growth
Asset management generated $765M of DE in the quarter and $2.8B over 12 months. Fee-bearing capital ended the quarter at $614B, up 12% YoY, and fee-related earnings rose 11% to $772M. Brookfield raised $67B of capital year-to-date, including $21B in the quarter.
Wealth Solutions Scale and Accretion from Just Group
Wealth Solutions delivered $430M of DE in the quarter and $1.7B over 12 months (an 11% increase YoY). The April acquisition of Just Group added ~$40B of insurance assets, advancing the company toward ~$200B of assets and providing immediate scale in the UK pension risk transfer market.
Strong Operating Performance and Cash Flow Momentum
Operating businesses produced $360M of DE in the quarter and $1.5B over 12 months. Operating funds from operations in infrastructure, private equity and energy increased 19% YoY, reflecting improved underlying fundamentals and growth initiatives.
Real Estate Leasing Strength and Embedded Upside
Super Core and Core Plus portfolios are over 95% occupied; supercore same-store NOI grew 2% in the quarter. Leasing highlights: 2.6M sq ft signed globally with average net rents 15% above expiring levels (U.S. leases 227k sq ft at >2x expiring rents; Canada 761k sq ft at +30% vs expiring). Retail commenced 0.6M sq ft at rents 11% above prior levels.
Material Monetizations and Realizations
Advanced $17B of asset sales in the quarter, substantially all at or above carrying levels. Post-quarter close, a $2.5B recapitalization of IFC Seoul realized a 17% IRR and 2.4x multiple. Recognized $107M of carried interest and hold $11.8B of accumulated unrealized carried interest with realizations expected to ramp in H2 2026.
Capital Returns and Active Buybacks
Returned $598M to shareholders in the quarter via dividends and buybacks. Year-to-date repurchases exceed $1B (approximately $470M BN shares and $575M BAM shares), indicating active capital allocation to enhance per-share value.
Strong Balance Sheet and Financing Activity
Executed $45B of financings year-to-date (including $15B in real estate) while maintaining substantial liquidity and a conservatively capitalized balance sheet. Example: 2 Manhattan West financing of $1.9B (10-year nonrecourse, 5.5% coupon, 107 bp spread) produced ~$400M net cash out.
Selective Strategic Tech and AI-Related Investments
Realized ~$120M of DE from a partial monetization of a technology investment. Brookfield disclosed a ~$1B investment in SpaceX (part of a $2B total) and highlighted targeted, disciplined investments into AI infrastructure and related hard-asset technology opportunities.
TSE:BN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:BN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | C$61.94 | C$65.29 | +5.41% |
Feb 12, 2026 | C$63.20 | C$64.69 | +2.37% |
Nov 13, 2025 | C$65.47 | C$61.20 | -6.53% |
Aug 07, 2025 | C$61.64 | C$59.27 | -3.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brookfield Corporation (TSE:BN) report earnings?
Brookfield Corporation (TSE:BN) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Brookfield Corporation (TSE:BN) earnings time?
Brookfield Corporation (TSE:BN) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BN EPS forecast?
TSE:BN EPS forecast for the fiscal quarter 2026 (Q2) is 0.89.
