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Brookfield Q3 FFO declines

Brookfield Asset Management Inc has said that its third-quarter funds from operations or FFO for shareholders declined to $564 million or $0.83 per share, from $1.2 billion or $1.85 per share in the year ago quarter. Please Note: Any reference to ratings or underlying recommendation does not reflect the opinion of The Bahamas Investor or any of its contributors.

Source:
Date:
Updated:
RTTNews
Monday, November 10, 2014
Monday, November 10, 2014

From RTTNews:

Brookfield Asset Management Inc. (BAM: Quote, BAM_A.TO) said that its third-quarter funds from operations or “FFO for shareholders declined to $564 million or $0.83 per share, from $1.2 billion or $1.85 per share in the year ago quarter.

FFO excluding gains was $362 million, compared to $342 million in the same quarter a year ago.

Net income attributable to the company dropped to $734 million or $1.09 per share from $813 million or $1.23 per share in the comparable quarter last year.

Total revenues rose to $4.66 billion from $4.50 billion in the prior year period.

Further, the Board of Directors declared a quarterly dividend of US$0.16 per share, payable on December 31, 2014 to shareholders of record as at the close of business on November 30, 2014.

More at RTTNews.

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