No. of Recommendations: 3
Why Brookfield's Kingston Is Bullish on San Francisco, LA
Brian Kingston, CEO of Brookfield's Real Estate business, says he remains bullish on the prospects for San Francisco due to its status as a major tech hub. "This is now the fourth cycle that I have been through that San Francisco was down and out. It always comes back," he says on "Bloomberg Markets." 5:51 minutes long.
bloomberg.com - Brookfield s real estate CEO is bullish on san francisco videoAnnual General Meeting (AGM) Presentation
Friday, June 9, 2023
Summary:
We continue to target 20%+ annual earnings growth over the next 5 years
Had an excellent last 12 months
Asset Manager continues to perform well
We continue to scale our Insurance business
Operating businesses continue to be resilient
Distributable earnings continue to scale
Capital allocation plans:
Invest in/alongside Asset management business
Invest in growing Insurance business
Invest alongside Operating Businesses in large strategic transactions
Retain excess capital to protect against downside risks
Buy back stock
bn.brookfield.com - BN IR MasterUpcoming Events:
2023 2Q earnings call Aug 10
2023 Investor Day Sep 12
