logo
  

Brookfield Asset Management Q3 FFO Rises - Quick Facts

Brookfield Asset Management Inc. (BAM, BAM_A.TO), Friday reported an increase in third-quarter Funds from operations or FFO, reflecting strong operating performance and gains from several large realizations.

For the three-month period, the company reported FFO of $1.19 billion or $1.85 per share, compared with $223 million or $0.30 last year. Net income attributable was $1.49 billion or $1.23 per share, compared with $875 million or $0.48 per share last year.

The company said that disposition gains included in FFO totaled $851 million for the quarter, compared with losses of $77 million last year. Also in the FFO were included a $525 million gain on the settlement of a long dated interest rate contract, as well as gains on the sales of North American timberlands and private equity investments.

Total revenues and other gains were $5.17 billion, up from prior year's $4.66 billion.

Further, the Board declared a quarterly dividend of $0.20 per share, payable on February 28, 2014, to shareholders of record on February 1, 2014.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT