Partners Value Investments L.P. Announces 2024 Annual Results

TORONTO, March 28, 2025 (GLOBE NEWSWIRE) -- Partners Value Investments L.P. ((the "Partnership", TSX:PVF, TSX:PVF) announced today its financial results for the year ended December 31, 2024. All amounts are stated in U.S. dollars.

The Partnership recorded net income of $74 million for the year ended December 31, 2024, compared to $15 million in the prior year. The increase in income was primarily driven by higher investment income and valuation gains as well as foreign currency gains. Income of $65 million was attributable to the Equity Limited Partners, and $9 million was attributable to Preferred Limited Partners.

As at December 31, 2024, the market prices of a Brookfield Corporation ((the "Corporation", TSX:BN) and Brookfield Asset Management Ltd. ((the "Manager", TSX:BAM) share were $57.45 and $54.19, respectively. As at March 28, 2025, the market prices of a BN and BAM share were $51.85 and $48.50, respectively.

Consolidated Statements of Operations

For the years ended December 31

 

 

 

(Thousands, US dollars)

 

 

 

2024

 

 

 

2023

 

Investment income

 

 

 

 

 

 

 

Dividends

 

 

$

95,071

 

 

$

85,114

 

Other investment income

 

 

 

18,609

 

 

 

11,802

 

 

 

 

 

113,680

 

 

 

96,916

 

Expenses

 

 

 

 

 

 

 

Operating expenses

 

 

 

(6,552

)

 

 

(6,156

)

Financing costs

 

 

 

(10,136

)

 

 

(9,484

)

Retractable preferred share dividends

 

 

 

(39,879

)

 

 

(41,954

)

 

 

 

 

(56,567

)

 

 

(57,594

)

 

 

 

 

 

 

 

 

Other items

 

 

 

 

 

 

 

Investment valuation gains (losses)

 

 

 

5,703

 

 

 

(6,237

)

Amortization of deferred financing costs

 

 

 

(3,506

)

 

 

(3,380

)

Foreign currency gains (losses)

 

 

 

25,519

 

 

 

(10,435

)

Current taxes expense