Brookfield Corporation's Impressive Q3 Performance
Brookfield Corporation reported strong financial results for the third quarter of 2023, with distributable earnings of $1.1 billion for the quarter and $4.2 billion over the last twelve months. The company's asset management business saw fee-related earnings increase by 13%, while its insurance solutions business delivered earnings growth driven by strong investment performance. Brookfield's operating businesses generated stable cash flows, with growth in same-store net operating income in its real estate business. The company ended the quarter with nearly $120 billion of capital available for new investments.