Brookfield Asset Management Q2 FFO Down - Quick Facts

(RTTNews) - Canadian property owner Brookfield Asset Management Inc. (BAM, BAM-A.TO) reported that its second-quarter 2015 funds from operations declined to $520 million and $0.50 per share, from $569 million and $0.56 per share in the same quarter last year.

Net income attributable to shareholders for the quarter decreased to $645 million or $0.62 per share from $785 million or $0.79 per share in the year ago quarter.

Net income dropped to $1.199 billion from $1.558 billion last year. Net income benefitted from continued expansion of operations, although valuation and transactional gains were lower than last year.

But, revenues for the quarter rose to $4.923 billion from $4.673 billion in the same quarter last year.

The Board declared a quarterly dividend of US$0.12 per share, payable on September 30, 2015 to shareholders of record as at the close of business on August 31, 2015. The Board declared all of the regular monthly and quarterly dividends on its preferred shares.