Brookfield (BN) earnings: $11.6B in shadow revenue and the BNT merger

Brookfield is defying the commercial real estate crisis while finally collapsing its complex structure to unlock hidden value.In ~10 minutes:- Revenue +6.6% to $20.2B, Distributable Earnings up 12%.- Why the insurance spin-off (BNT) is getting merged back in.- Real estate defiance: 27M sq ft leased and a 10x oversubscribed refi.- The "shadow revenue" pot: $11.6B in unrealized carried interest.- Fee-bearing capital crosses the $600B mark. 🏗️Susie and Miro discuss whether the "conglomerate discount" is finally ending and if the Wealth segment's aggressive push into Japan can keep the cash machine running.Brookfield Corporation (BN) | Q4 FY2025AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.