Company: BNJ
Filing Date: 2025-05-16
Form Type: CORRESP
Source: 0001104659-25-050083
Chunk: 2

Company: BROOKFIELD Corp /ON/
Filing Date: 2025-05-16
Form: CORRESP
Chunk 2
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 partner
managers was included in our Asset Management segment revenue.

| 2. | We equity account for our investment in BWS, and as such do not generate consolidated 
 external or inter-segment revenues.                                                   |

| 3. | Included in the determination of DE of our Asset Management segment are direct costs                                              
 of $1.9 billion, other income and gains of $nil, and interest expense of $1.1 billion, prior to the elimination of inter-segment  
 and other amounts. For the three months ended March 31, 2025, $436 million of direct costs from our partner managers was included 
 in our Asset Management segment direct costs.                                                                                     |

| 4. | Included in the determination of FFO are direct costs of $818 million, $3.1 billion,                                                             
 $4.9 billion, and $29 million, other income and gains of $5 million expense, $378 million income, $214 million                                   
 income, and $nil, and interest expense of $515 million, $897 million, $828 million, and $179 million of our Renewable                            
 Power and Transition, Infrastructure, Private Equity, and Corporate Activities segments, respectively, prior to the elimination of inter-segment 
 and other amounts.                                                                                                                               |

| 5. | Included in the determination of NOI of our Real Estate segment are direct costs 
 of $1.1 billion, prior to the elimination of inter-segment and other amounts.    |

Should the Staff have additional questions or
comments regarding the foregoing, please do not hesitate to contact the undersigned.

Regards,

| /s/ Nicholas Goodman |

Nicholas Goodman

President & Chief Financial Officer

| 2 |