Newmark Group, Inc. (NMRK) has successfully arranged a £153 million loan to refinance a strategic collection of logistics properties in the UK. This financing deal is orchestrated on behalf of two major players, Brookfield Asset Management (BN, Financial) and Copley Point Capital, a prominent asset management and investment entity.
The portfolio in question includes four premium logistics assets, underscoring the attractiveness and strength of the UK logistics sector. Newmark's role in securing this significant refinancing highlights its capability in structuring complex financial deals within the commercial real estate market.
This move further cements Newmark's position in the global market, working alongside key financial and asset management institutions to facilitate large-scale investment and asset management solutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Brookfield Corp (BN, Financial) is $64.57 with a high estimate of $77.00 and a low estimate of $41.00. The average target implies an upside of 26.61% from the current price of $51.00. More detailed estimate data can be found on the Brookfield Corp (BN) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Brookfield Corp's (BN, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Brookfield Corp (BN, Financial) in one year is $41.32, suggesting a downside of 18.98% from the current price of $51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Brookfield Corp (BN) Summary page.
BN Key Business Developments
Release Date: February 13, 2025
- Distributable Earnings Before Realizations: $4.9 billion, a 15% increase, or $3.07 per share for the year.
- Total Distributable Earnings: $6.3 billion, a 31% increase, or $3.96 per share.
- Total Net Income: $1.9 billion for the year.
- Asset Management Distributable Earnings: $2.6 billion or $1.67 per share.
- Fee-Bearing Capital: Increased 18% to $539 billion.
- Quarterly Dividend Increase: 15% to approximately $0.44 per share.
- Wealth Solutions Distributable Operating Earnings: $1.4 billion or $0.85 per share, nearly double from the prior year.
- Insurance Assets: Over $120 billion.
- Operating Businesses Distributable Earnings: $1.6 billion or $1.03 per share.
- Real Estate Same-Store Net Operating Income Growth: 4% over the prior year quarter.
- Real Estate Occupancy Levels: 96% in retail portfolio.
- Asset Monetizations: Nearly $40 billion in 2024.
- Unrealized Carried Interest: $11.5 billion, with $10 billion directly owned by the corporation.
- Share Buybacks: Approximately $1 billion in 2024, adding $0.80 of value per share.
- Deployable Capital: Approximately $160 billion.
- Quarterly Dividend Increase: 13% to $0.09 per share.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Brookfield Corp (BN, Financial) reported record financial results for 2024, with distributable earnings before realizations increasing by 15% to $4.9 billion.
- The company experienced significant inflows of over $135 billion, expanding its credit platform and establishing its Wealth Solutions business as a top-tier annuity writer in the US.
- Brookfield Corp (BN) successfully monetized nearly $40 billion of assets, achieving strong returns, including a 29% IRR from the sale of US manufactured housing assets.
- The company has a robust pipeline of asset sales and expects significant carried interest in the coming years, with $11.5 billion of accumulated unrealized carried interest.
- Brookfield Corp (BN) increased its quarterly dividend by 15% to $0.44 per share, reflecting strong earnings growth and cash flow generation.
Negative Points
- The company faces challenges from increased market volatility due to potential policy changes and geopolitical tensions.
- Brookfield Corp (BN) continues to see a shift from active to passive investing, impacting the trading performance of some of its listed affiliates.
- Despite strong financial performance, the company acknowledges that the intrinsic value of its shares is not fully reflected in the market price.
- The real estate market, while improving, still faces uncertainties related to interest rate fluctuations and potential risks from tariffs.
- The company remains cautious about potential accidents in the private wealth market that could affect overall market sentiment.
