Brookfield Asset Management Q2 FFO Rises - Quick Facts

(RTTNews) - Brookfield Asset Management Inc. (BAM, BAM_A.TO) said that its second-quarter 2014 funds from operations or "FFO for shareholders rose to $569 million and $0.84 per share, from $464 million and $0.68 per share in the year ago quarter. This reflected increases in asset management fees, realized disposition gains and the contribution from capital deployed over the last 12 months.

FFO excluding gains was $422 million, compared to $406 million in the same quarter a year ago.

Net income attributable to the company significantly increased to $785 million from the prior year's $230 million, with earnings per share improving to $1.19 from $0.31 last year.

Total revenues and other gains dropped to $4.835 billion from $5.166 billion in the prior year.

The Board of Directors declared a quarterly dividend of $0.16 per share (representing $0.64 per annum), payable on September 30, 2014 to shareholders of record as at the close of business on August 31, 2014.