Friday, April 27, 2007

Brookfield Properties reports higher FFO

(Reuters) - Brookfield said its funds from operations were $129 million, or 48 cents a share, up from $103 million, or 44 cents a share in the same quarter of 2006.

Funds from operations is a benchmark, usually for real estate investment trusts, that removes the distorting effects of depreciation.


Read more at Reuters.com Market News

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