02:18 PM EST - Brookfield Properties Corp. : reported an 8 percent rise in first-quarter profit on Friday and said acquisitions could lift 2007 results to the high end of its forecasts. Brookfield said its net income was $53 million, or 20 cents a share, for the quarter ended March 31, up from a profit of $49 million, or 21 cents a share, in the year-before period. Analysts had expected funds from operations of 48 cents a share, according to Reuters Estimates. Brookfield Properties Corp.
shares T.BPO are trading up 23 cents at $45.87.
