Partners Value Investments L.P. reported significant growth in net income for 2024.

From GlobeNewswire: 2025-03-28 20:00:00

Partners Value Investments L.P. (TSX: PVF.UN TSX:PVF.PR.U) reported a net income of $74 million for 2024, a significant increase from $15 million in the prior year. Higher investment income and valuation gains contributed to this growth, with $65 million attributable to Equity Limited Partners and $9 million to Preferred Limited Partners.

The market prices of Brookfield Corporation (NYSE/TSX: BN) and Brookfield Asset Management Ltd. (NYSE/TSX: BAM) shares were $57.45 and $54.19, respectively, as of December 31, 2024. By March 28, 2025, these prices had decreased to $51.85 and $48.50, respectively.

The consolidated Statements of Operations for 2024 show investment income of $113,680, operating expenses of $6,552, and financing costs of $10,136, among other financial details. Net income for the year was $73,826, reflecting various gains, losses, and expenses.

The net book value of Partners Value Investments L.P. increased from $5,783,620 in 2023 to $8,375,682 in 2024, with a corresponding rise in net book value per unit. This includes adjustments for income, other comprehensive income, re-organization, and equity repurchases.

The Partnership’s principal investments include approximately 121 million Class A Limited Voting Shares of Brookfield Corporation and 31 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. These holdings represent an 8% interest in the Corporation and a 7% interest in the Manager as of December 31, 2024.

In 2024, the Partnership’s Consolidated Statements of Financial Position showed assets totaling $9,639,922, including investments in Brookfield Corporation and Brookfield Asset Management Ltd. Liabilities and equity amounted to $1,197,213 and $8,442,709, respectively.

Investors and stakeholders should be aware of the risks associated with forward-looking statements made by Partners Value Investments L.P. Factors such as economic conditions, market fluctuations, regulatory changes, and geopolitical events could impact actual results. The Partnership advises careful consideration of these factors when interpreting future performance.



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