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Brookfield Announces $ 2.4 billion of Net Income , $ 1.2 billion of Distributable Earnings in Second Quarter AUG 12 , 2021 -- Brookfield Asset Management Inc. ( NYSE : BAM , TSX : BAM.A ) today BROOKFIELD , NEWS , Aug. 12 , 2021 ( GLOBE NEWSWIRE ) announced financial results for the quarter ended June 30 , 2021 . Nick Goodman , CFO of Brookfield , stated , “ Our business performed very well during the quarter , recording $ 1.2 billion of distributable earnings . Growth in our asset management franchise , steady returns on our principal investments and continued momentum on our capital recycling initiatives all contributed to the strong quarter . Subsequent to quarter end , we held the first close of $ 9 billion for our fourth flagship real estate fund , and our $ 7 billion founders ' close for our Global Transition Fund , taking total fundraising since last quarter to $ 24 billion . We expect the size of these two funds to exceed $ 30 billion before they close for capital . " Operating Results Unaudited Three Months Ended Last Twelve Months Ended For the periods ended June 30 ( US $ millions , except per share amounts ) 2021 2020 2021 2020 Net income1 $ 2,429 $ ( 1,493 ) $ 8,562 $ 1,744 Net income attributable to common shareholders² $ 816 $ ( 656 ) $ 2,866 $ 844 Net income per Brookfield share² 0.49 ( 0.43 1.76 0.47 Funds from operations 2,3 $ 1,600 $ 1,161 $ 7,556 $ 4,075 Per Brookfield share 2,3 1.01 0.73 4.80 2.59 Distributable earnings $ 1,232 $ 1,081 $ 6,254 $ 3,009 1. Consolidated basis - includes amounts attributable to non - controlling interests . 2. Excludes amounts attributable to non - controlling interests . 3. See Basis of Presentation on page 8 and a reconciliation of net income ( loss ) to FFO on page 5 . Funds from operations ( FFO ) and net income in the quarter were strong at $ 1.6 billion and $ 2.4 billion , respectively , both very large increases over last year . Our distributable earnings continue to show strong growth , recording $ 1.2 billion for the quarter , and $ 6.3 billion over the last twelve months , a 108 % increase over the comparative period . The strong performance in the quarter is supported by a 49 % increase in fee- related earnings , continued carried interest realizations , increased distributions from our principal investments , and disposition gains recognized on our principal investments . Monetization activity continued during the quarter as we sold $ 8 billion of investments , returned $ 6 billion to clients , and realized $ 335 million of gross carried interest in the process , taking the total realized since the beginning of the year to more than $ 1 billion . Investment performance was also very strong in the quarter with our unrealized carried interest balance , not recorded in our financial accounts , increasing to $ 6.2 billion . Regular Dividend Declaration The Board declared a quarterly dividend of US $ 0.13 per share , payable on September 29 , 2021 to shareholders of record as at the close of business on August 31 , 2021. The Board also declared the regular monthly and quarterly dividends on its preferred shares . Operating Highlights Fee - bearing capital increased to $ 325 billion during the quarter , an increase of approximately $ 48 billion over the last twelve months , leading to a $ 334 million increase in fee - related earnings over the same period . Inflows during the quarter totaled $ 8 billion , across several of our perpetual and long - term fund strategies , as well as a first close of our latest real estate debt fund and further capital raised for our Special Investments strategy . We also currently have approximately $ 32 billion of additional committed but un - invested capital across our strategies that will earn approximately $ 320 million of fees annually once deployed . Our latest round of flagship funds is off to a very strong start with over $ 30 billion raised to date after strong first closes for our recently launched real estate and transition flagship funds . Subsequent to quarter end , we held first closes for our new Global Transition Fund at $ 7 billion and our fourth flagship strategic real estate fund of $ 9 billion . The reception among existing clients to both strategies has been very positive which has resulted in strong