Revenue during the quarter surged 507.46 percent to $298.31 million from $49.11 million in the previous year period.

Total expenses were $210.17 million for the quarter, down 21.72 percent or $58.32 million from year-ago period. Operating margin for the quarter period stood at positive 29.55 percent as compared to a negative 446.73 percent for the previous year period.

Operating income for the quarter was $88.14 million, compared with an operating loss of $219.38 million in the previous year period.

Revenue from real estate activities during the quarter surged 507.46 percent or $249.20 million to $298.31 million.

Income from management fees during the quarter jumped 309.05 percent or $143.58 million to $190.04 million. Revenue from other real estate activities during the quarter was $108.26 million, up 3,988.56 percent or $105.62 million from year-ago period.

Jay Wintrob, chief executive officer, said, “The fourth quarter of 2016 completed a strong year for Oaktree. We had our best quarterly earnings results as expressed by adjusted net income in 11 quarters and grew ANI by 87 percent during the full year. Highlighting fourth-quarter and full-year financial results was strong investment performance, resulting in the best quarterly and annual investment income totals since 2013, as well as $320 million in new, net incentives created. Distributable earnings grew 38 percent in the fourth quarter compared to a year ago and grew 20 percent in the last twelve months, based primarily on growth in three areas ��" fee-related earnings, net incentive income and distributions from our 20 percent ownership stake in DoubleLine Capital. Fundraising of $4.7 billion of gross capital in the fourth quarter and $11.6 billion for the year positions us well for 2017.”