Brookfield Asset Management (BAM) Misses Q1 EPS, FFO was $0.65/Share

Brookfield Asset Management (NYSE: BAM) reported Q1 EPS of ($0.08), $0.26 worse than the analyst estimate of $0.18. FFO was $0.65 versus $0.69 last year.

Annualized fees increased to $1.2 billion, up 24% from the prior year, while target carried interest increased by 43% to $860 million. The growth results from a 14% increase over the last twelve months in fee bearing capital, which now stands at $113 billion. We benefited from strong capital inflows to our private funds, including the closing of three flagship funds in 2016 and new product offerings, as well as growth in the market capitalization and unitholder distributions of our listed issuers.

For earnings history and earnings-related data on Brookfield Asset Management (BAM) click here.

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