From RTTNews:

Brookfield Asset Management Inc. (BAM: Quote) reported that its second-quarter funds from operations surged to $464 million from last year’s $159 million, with funds from operations per share improving to $0.68 from $0.20 in the same quarter last year.

Disposition gains included in funds from operations were $58 million in the latest-quarter compared to disposition losses of $87 million in the comparable 2012 quarter. This excluded gains which will be booked on a number of realizations which were closed after quarter end and therefore will be recorded in the third quarter.

This is an excerpt from RTTNews as it appeared on August 12, 2013. For updates or to read the current version of this post in its entirety, please click here.

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