Brookfield Corporation (BN) is gaining traction as a top-tier equity pick, driven by its diversified infrastructure portfolio, resilient dividend record, and strategic exposure to high-growth renewable energy and real estate sectors. The stock's valuation and long-term cash flow visibility support a bullish outlook.
- Brookfield Corporation (BN) reported $3.2 billion in adjusted EBITDA from power and utilities in 2025, up 12% YoY
- Renewable energy portfolio capacity reached 11.4 gigawatts by end-2025, a 21% increase from 2024
- BN’s dividend yield stands at 4.1% with a payout ratio of 58% of adjusted FFO
- Net debt-to-EBITDA ratio of 5.2x, within target range for credit stability
- Price-to-FFO multiple of 15.3x, below the 5-year historical average
- Real estate segment generated $1.4 billion in annualized NOI with 92%+ occupancy
Brookfield Corporation (BN) has reasserted its appeal to income-focused and growth-oriented investors, with a compelling bull case anchored in its global infrastructure and renewable energy assets. The company's portfolio includes over 400 operating assets across North America, Europe, and Asia, with more than $70 billion in committed capital across renewable energy projects, including wind and solar farms. In 2025, Brookfield reported $3.2 billion in adjusted EBITDA from its power and utilities segment, up 12% year-over-year, highlighting strong operational momentum. The company's dividend policy remains a cornerstone of its investor appeal, having increased its regular dividend by 4.3% in 2025, supported by a payout ratio of 58% of adjusted funds from operations. With a current dividend yield of 4.1%, BN offers income stability amid rising interest rate environments. The company's balance sheet remains robust, with net debt-to-EBITDA at 5.2x—within target range for investment-grade ratings—despite aggressive capital deployment. Brookfield’s strategic positioning in real estate and energy transition infrastructure is enhancing its long-term growth profile. Its real estate segment, which includes offices, industrial, and logistics properties, generated $1.4 billion in annualized NOI, with occupancy rates exceeding 92% in key markets. Meanwhile, its renewable energy portfolio reached 11.4 gigawatts of capacity by year-end 2025, a 21% increase from 2024, positioning BN as a leader in the energy transition space. Market participants are increasingly viewing BN as a defensive growth play. Its subsidiaries, such as Brookfield Renewable Partners (BEP) and Brookfield Infrastructure Partners (BIP), have shown consistent performance, with BIP’s distribution coverage ratio at 1.45x in 2025. The stock's price-to-FFO multiple of 15.3x is below its 5-year average, suggesting potential upside. Investors in BCE (BCE Inc.) and BNS (Bank of Nova Scotia) may also find indirect exposure through Brookfield’s infrastructure and real estate holdings, especially in utility-linked projects.