09:51 AM EST - Brookfield Properties Corp. : said its fourth-quarter funds from operations or FFO increased to $222 million U.S. from $191 million U.S. in the year-ago period. Funds available to common shareholders for the quarter rose to $217 million U.S. from $190 million U.S. in the prior-year period. Funds from operations per share for the quarter were $0.43 U.S., down from $0.49 U.S. in the previous year. Net income for the quarter dipped to $181 million U.S. or $0.35 U.S. per share from $458 million U.S. or $1.16 U.S. per share in the earlier period. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.32 U.S. per share for the quarter. Total revenue for the quarter increased to $816 million U.S. from $715 million U.S. in the comparable period. Two analysts estimated revenues of $548.03 million U.S. for the quarter. Brookfield Properties Corp.
shares T.BPO are trading up $0.30 at $13.48.
