Brookfield Corporation
Thoughts ahead of BN's Investor day on Tuesday, September 12
NYSE: BN | USD 33.61 | Outperform | Price Target USD 50.00
Sentiment: Neutral
Brookfield Corporation will be holding its investor day on Tuesday, September 12 at 2:30pm ET in New York. Brookfield Asset
Management will also be holding its investor day earlier on the same day at 10:30am ET in New York.
Brookfield Business Partners, Brookfield Infrastructure Partners and Brookfield Renewable Partners will be holding their investor days the following week on Thursday, September 21 in Toronto.
We think the investor day may address topics including:
• Insurance Solutions - BN's Insurance business has grown significantly over the past year (including pending acquisitions) , so we think BN may look to provide more details on the growth strategy, financial performance, etc.
• Real Estate investments - Given investor focus on BN's Real Estate investments, we think the Company is likely to have a discussion on its Real Estate portfolio regarding operating and financial performance metrics, progress on recycling capital, investment opportunities, etc.
• Capital allocation - Given BN's substantial discount to NAV, we think BN could discuss its capital allocation strategy and the balance between investing in growth and creating value for shareholders through capital allocation (e.g., substantial issuer bid, regular share buybacks, etc.).