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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