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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.