The company’s quarterly funds from operations were $271m, up $110m, compared to $161m during the same quarter last fiscal.
According to the firm, funds from operations has been defined as net income prior to fair value changes, depreciation and amortization, and future income taxes.
The company’s total revenues increased to $4.12bn, against $3.67bn during the corresponding period a year ago.
For the full year ended 31 December 2011, Brookfield’s net income grew to $1.96bn compared to $1.45bn during the same period previous year.
Its total revenues for the fiscal year 2010-11 grew to $15.92bn against $13.62bn in 2010, while the firm’s funds from operations for the year fall to $1.05bn versus $1.11bn a year ago.
Brookfield CEO Brookfield said the firm’s performance has been strong throughout a period of economic instability, and virtually all of our operations are growing as the economy continues to recover.
