Bill Ackman Loves Brookfield Asset Management, And So Do I

(18min)

Summary

  • Yesterday, I met with Bill Ackman at Pershing Square in NYC.
  • We discussed Brookfield Asset Management and other holdings.
  • BAM's ample liquidity and a growing share of long-term/permanent capital support an A- credit rating from S&P on a stable outlook.
  • The alternative asset manager is trading slightly below my fair value estimate.
  • Upside over the next 12 months could be limited to a high-single-digit percentage, but long-term annual returns could be in the mid-teens.
  • Looking for a helping hand in the market? Members of iREIT®+HOYA Capital get exclusive ideas and guidance to navigate any climate. Learn More »

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peshkov

Yesterday, I was in New York City meeting with Bill Ackman, founder and CEO of Pershing Square Capital Management.

According to Forbes, Ackman is worth around $9.1 billion, and he has made most of his fortune by making bold calls that few people

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This article was written by

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Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies.

Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President.

Note: Brad is also related to Nicholas Thomas who contributes to Seeking Alpha.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BAM, BX, IRET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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