Partners Value Investments L.P. reports decreased net income in Q3 2024 due to currency losses.

From GlobeNewswire: 2024-11-18 18:36:00

Partners Value Investments L.P. reported a net income of $14.6 million for the quarter ended September 30, 2024, down from $18.7 million the previous year due to foreign currency losses. Equity Limited Partners saw $12.2 million in income, while Preferred Limited Partners had $2.4 million.

The market prices of Brookfield Corporation and Brookfield Asset Management Ltd. shares were $53.15 and $47.29, respectively as of September 30, 2024. By November 15, 2024, the prices had increased to $56.79 and $55.77, respectively.

The Partnership’s net book value at the end of the period was $7,710,410 or $94.54 per unit. The investment in Brookfield Corporation was $6,429,443, and the investment in Brookfield Asset Management Ltd. was $1,456,905. Total assets were $8,866,112, with liabilities and equity totaling the same amount.

The Partnership holds about an 8% interest in Brookfield Corporation and a 7% interest in Brookfield Asset Management Ltd. as of September 30, 2024. They also own a diversified investment portfolio of marketable securities and private fund interests.

Investors and others should consider various factors like financial performance, market fluctuations, and regulatory changes that could impact the Partnership’s future results. The Partnership will not update or revise forward-looking statements unless required by law, emphasizing the importance of considering uncertainties and potential events.



Read more at GlobeNewswire:: Partners Value Investments L.P. Announces Q3 2024 Interim