Home Breadcrumb caret Industry News Breadcrumb caret Industry Brookfield AM reports rise in net income in Q1 Net income attributable to common shareholders was US$1.24 billion, as funds from operations hit a record high By The Canadian Press | May 13, 2021 | Last updated on May 13, 2021 1 min read Brookfield Asset Management Inc. reported a profit in its latest quarter compared with a loss a year ago as its funds from operations hit a record high. The asset manager, which keeps its books in U.S. dollars, reported net income attributable to common shareholders of US$1.24 billion or 77 cents per diluted share for the quarter ended March 31. The profit compared with a loss attributable to common shareholders of US$293 million or 20 cents per share in the same quarter last year. Revenue totalled US$16.41billion, down from US$16.59 billion in the first three months of 2020. Funds from operations were a record US$2.82 billion or US$1.80 per share, up from US$884 million or 55 cents per share a year ago. Brookfield says it realized US$6.4 billion in disposition gains in the quarter, split as US$1.8 billion for Brookfield and US$4.6 billion for its clients. The Canadian Press The Canadian Press is a national news agency headquartered in Toronto and founded in 1917. Save Stroke 1 Print Group 8 Share LI logo