July 25, 2014 5:07 PM ET

Paper and Forest Products

Company Overview of Brookfield Investments Corporation

Company Overview

Brookfield Investments Corporation operates as an investment company with investments in the forest products and property sectors. It holds interests in Fraser Papers, Inc., which produces a range of specialty paper products from its operations located principally in Maine and New Brunswick; Norbord, Inc. that produces wood panels with operations in the North America and Europe; Canary Wharf Group, plc, which owns and manages a complex of commercial office and retail properties in London, England; and Brookfield Properties Corporation, which is a commercial real estate property company that owns, develops, and manages office properties located primarily in the central business districts of N...

Bay Wellington Tower

Suite 300

Brookfield Place

181 Bay Street, Box 762

Toronto, ON M5J 2T3

Canada

Phone:

416-363-9491

Fax:

416-365-9642

Key Executives for Brookfield Investments Corporation

Chief Financial Officer and Vice-President
Vice-President and Secretary
Vice President and Controller
Compensation as of Fiscal Year 2014.

Brookfield Investments Corporation Key Developments

Brookfield Investments Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Brookfield Investments Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported $90 million of net income or $1.80 per common share for the three months ended March 31, 2014 compared with $126 million, or $2.52 per common share for the same period in 2013. Net income in the current quarter included a $90 million gain related to the partial disposition of a forest products investment, whereas the prior year included $87 million of disposition gains. Comprehensive income, which consists of net income and other comprehensive income, was a loss of $67 million compared to income of $190 million in the same period of 2013.

Brookfield Investments Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2013

Brookfield Investments Corporation reported consolidated earnings results for the year ended December 31, 2013. The company reported $223 million of net income or $4.48 per common share for the year ended December 31, 2013 compared with $48 million, or $0.95 per common share in 2012. Net income increased by $175 million compared to the prior year primarily from the recognition of $132 million of realized and unrealized gains, as well as an increased level of investment income. The increase of investment income is the result of distributions received on the company's indirect investment in Brookfield Property Partners L.P. (BPY), which was acquired in April 2013, and increased pricing and volumes within the company's forest product investments. Comprehensive income, which consists of net income and other comprehensive income, was nil in 2013 compared to income of $243 million in 2012. The current year loss consists of unrealized losses and negative currency revaluation on the company's investment portfolio.

Brookfield Investments Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Brookfield Investments Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported $68 million of net income or $1.37 per common share for the three months ended September 30, 2013 compared to $23 million or $0.47 per common share in the same period in 2012. Net income increased by $45 million primarily due to $52 million of disposition gains prior to deferred taxes, including a $37 million gain on partial sale of the company's investment in Western Forest Products Inc. common shares. Net income before income taxes of $75 million compared to $23 million a year ago. Investment Income was $82 million compared to $31 million a year ago. For the nine months, the company reported Investment Income of $172 million compared to $51 million a year ago. Net income before income taxes was $150 million compared to $29 million a year ago. Net income was $139 million compared to $29 million a year ago. Net income per common share was $2.79 compared to $0.59 a year ago.

Similar Private Companies By Industry

Company Name Region
West Coast Forest Products Ltd. Americas
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Buckeye Canada, Inc. Americas
Monte Lake Forest Products Ltd. Americas

Recent Private Companies Transactions

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