Brookfield: Valuation Remains Compelling Despite Strong Growth Outlook

Pershing Square Holdings972 FollowersFollow5ShareSavePlay(5min)CommentsSummaryBrookfield delivered strong performance in 2025 driven in equal measure by earnings growth and multiple expansion.Growth was principally driven by the rapid scaling of Brookfield's captive annuities and insurance business as BN continues to expand its operations.The Just Group transaction will expand BWS's fixed-annuity portfolio by ~30% to ~$180 billion and firmly position Brookfield as a major player in the U.K. market.Brookfield Asset Management, which comprises more than 50% of Brookfield Corporation's total value, is positioned for growth in fee earnings of 20% or more this year.We expect BN's distributable earnings growth to meaningfully accelerate this year with the potential to grow 25% or more, consistent with management's medium-term targets. ElenVD/iStock Editorial via Getty Images The following segment was excerpted from the Pershing Square Holdings (PSHZF) H2 2025 Letter To Shareholders. Brookfield (BN) is a high-quality, asset-rich, rapidly growing business that has a long-term track record of excellent capital allocation. WeThis article was written byPershing Square Holdings972 FollowersFollowPershing Square Holdings, Ltd. is an investment holding company structured as a closed-ended fund principally engaged in the business of acquiring and holding significant (but generally not controlling) positions in a concentrated number of large capitalization companies. PSH’s objective is to maximize its long-term compound annual rate of growth in intrinsic value per share. Note: This account is not managed or monitored by Pershing Square Holdings, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Pershing Square Holdings' official channels.