Brookfield will consider accelerating share buybacks if its stock keeps trading well below the firm’s estimate of its real value. Read on.
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Brookfield Corp.’s net income fell to US$44 million in the fourth quarter from around US$3.5 billion a year earlier — lower than the US$919-million average estimate from analysts surveyed by Bloomberg.Funds from operations — a closely watched metric for Brookfield — came in at US$1.8 billion, compared with US$1.7 billion a year earlier. Operating funds from operations for the real estate business dropped to US$179 million from US$421 million a year earlier.
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