Seeking Alpha: Brookfield Asset Management Offers Well-Diversified Growth Leveraging Third-Party Capital

Back in June, I thought that Brookfield Asset Management (NYSE:BAM) was well-placed to continue growing its lucrative fee-generating asset management. That process continues to benefit the company, but the market hasn't rewarded the company for that progress. While BAM is an uncommonly complex investment, I believe that complexity is at least somewhat offset by the company's demonstrated ability to successfully deploy capital into a wide range of markets where it can earn solid economic returns. In my view, Brookfield Infrastructure Partners (NYSE:BIP) and Brookfield Property Partners (NYSE:BPY) are more appealing total return candidates today, but they're also riskier.

Continue here:
Brookfield Asset Management Offers Well-Diversified Growth Leveraging Third-Party Capital

Seeking Alpha: Brookfield Property Partners Seems Undervalued Given Its Demonstrated Skill In Generating Value

The market hasn't been very hospitable towards real estate investments over the last year, with many office-centered REIT shares down by double digits over the past year. While Brookfield Property Partners (NYSE:BPY) is not a REIT, it has nevertheless been caught in the overall downtrend. With office and retail occupancy and lease trends generally healthy across the company's operating footprint, I think the market is undervaluing this company's demonstrated ability to acquire and improve properties, as well as develop value-generating real estate projects. With high single-digit distributable cash flow supporting a fair value around $25, I think this looks like an idea worth a closer look.

Read the full article here:
Brookfield Property Partners Seems Undervalued Given Its Demonstrated Skill In Generating Value

Seeking Alpha: Brookfield Asset Management's Fee Growth Bodes Well For The Future

If you want to torture yourself, try to build a detailed valuation model for Brookfield Asset Management (NYSE:BAM). I don't think there's much doubt that this firm is a premier fund manager in the world of real estate, power, infrastructure, and similar assets, but the process of estimating the cashflows from the publicly-traded LPs, the internally-managed funds, the directly-held assets, and the value of the private equity funds is challenging to say the least.

On a very simplistic level, I don't think it's entirely unreasonable to look at Brookfield Property Partners L.P. (NYSE:BPY), Brookfield Renewable Energy Partners L.P. (NYSE:BEP), and Brookfield Infrastructure Partners L.P. (NYSE:BIP), conclude that they are undervalued, and lean in the direction of assuming that Brookfield Asset Management is likewise undervalued. Going further and making some estimates and assumptions regarding the value of the asset management operations and unlisted assets, I believe that to be the case and that Brookfield is undervalued. What's more, I think the company is closing in on a point where its asset management operations are really about to take off and transform the perception of the company away from being a holding company and toward being an asset manager.

Follow this link for the full article:
Brookfield Asset Management's Fee Growth Bodes Well For The Future

Seeking Alpha: Brookfield Asset Management Offers Steady Alternative Asset Exposure

Investors will find no shortage of papers and studies highlighting the return and diversification advantages of so-called "alternative investments", but actually finding investment vehicles that are accessible to retail investors is not as easy. Brookfield Asset Management (BAM) offers a good option in that regard; BAM's operations are spread across publicly-traded LPs in commercial real estate, renewable energy, and infrastructure assets, as well as alternative asset management and private equity fund operations.

Brookfield is a slow-and-steady sort of investment option, with both net asset value accretion potential and a decent dividend. It's not an especially cheap stock today, but the shares do usually offer 10% pullbacks every so often.

Read it all here:
Brookfield Asset Management Offers Steady Alternative Asset Exposure