Thursday, Brookfield Properties Corp. (BPO) said its third-quarter funds from operations or FFO declined marginally to US$151 million or US$0.34 per share from US$152 million or US$0.38 per share during the same period in 2008. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share for the quarter.
Net income for the quarter plunged to US$38 million or US$0.08 per share from US$174 million or $0.44 per share in the previous quarter.
Total revenue for the quarter decreased to US$657 million from US$707 million in the comparable period. Three analysts estimated revenues of $580.35 million for the quarter.
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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.