09:30 AM EST - Brookfield Properties Corp. : Brookfield Properties Corp. reported fourth-quarter net income of US$458 million or US$1.16 per share, compared to US$105 million or US$0.27 per share in the same quarter last year. Funds from operations or FFO for the quarter were US$191 million or US$0.49 per share, compared to US$187 million or US$0.47 per share in the prior year quarter. On average, 15 analysts polled by Thomson Reuters expected the company to earn US$0.37 per share for the quarter. Analysts' estimates typically exclude special items. Total revenue for the quarter decreased to US$717 million from US$823 million in the comparable quarter last year. Analysts expected the company to report revenue of US$582.37 million for the quarter. Brookfield Properties Corp.
shares T.BPO are trading even at $6.40.
