Canada-based Brookfield Residential Properties Inc. (BRP,BRP.TO) posted first-quarter net income attributable to the company of $1 million, or $0.01 per share, compared to a net loss of $56.98 million, or $0.56 per share in the previous year period. The first quarter of 2011 included a one-time valuation allowance against the Company's U.S. deferred tax assets on the completion of the merger.
Quarterly revenues declined to $132.15 million from $180.13 million in the comparable quarter last year. For the quarter, housing revenues increased to $88 million from $83 million, as a result of increased home closings.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.