Brookfield Asset Management Inc. third-quarter operating funds from operations or FFO climbed +30% from the year-ago quarter to $1.22 billion. FFO per share was $0.73, up from $0.56 a year ago.
Revenues rose to $23.42 billion from $19.25 billion in the prior year.
The asset management company experienced inflows of $33 billion during the quarter. It closed several new funds during this period, such as its fifth flagship infrastructure fund and sixth flagship private equity fund. Its fee-bearing capital grew +19% year over year to $407 billion.
The Board announced a quarterly dividend of $0.14 per share, payable on December 30, to shareholders of record as at the close of business on November 30.