Brookfield (BN) Repurchased $1B in Stock Amidst Market Concerns

Brookfield Corporation (BN) repurchased $1 billion of its stock in Q1 2026, believing that its stock is worth nearly $60 per share based on its intrinsic value. The average purchase price was $41 per share, representing a 40% discount to its estimated value. This buyback comes as competitors like BlackRock (BLK) and Blue Owl Capital (OWL) face redemption limits, impacting the alternative asset space. Despite a year-over-year increase in fee-related earnings by 11% and $614 billion in fee-bearing capital, shares of Brookfield remain under pressure in the market.