Brookfield Asset Management Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $4,951 million compared to $4,039 million a year ago. Net income prior to valuation items and income tax was $1,098 million compared to $866 million a year ago. Net income attributable to Brookfield shareholders was $360 million compared to $416 million a year ago. Net income was $697 million or $0.51 per share compared to $722 million or $0.60 per share a year ago. Funds from operations were $689 million or $1.03 per share compared to $515 million or $0.77 per share a year ago, $150 million of the increase came from improved operating results, and gains increased by $26 million. The Board of Directors of the company declared a quarterly dividend of $0.15 per share (representing $0.60 per annum), payable on August 31, 2013, to shareholders of record as at the close of business on August 1, 2013.

Brookfield Asset Management Inc. (TSX:BAM.A) is looking to sell about $30 million worth of Gold development sites which it acquired as part of a $474 million buyout of Thakral Holdings Group.

Apollo Global Management, LLC reportedly eyes Australand Holdings Limited. GPT Group is the only bidder who has submitted bid for the acquisition of Australand Holdings Limited. Brookfield Asset Management Inc. and The Blackstone Group L.P. have ventured into the data room, which closed in early April 2013, but there is widespread doubt whether interest will turn into a full-scale bid. CapitaLand Limited owns 60% of Australand want to sell the business but sources said it will only entertain a proposal that represents a sale of the entire business. Bob Johnston, Australand's Managing director, will give investors some insight on the progress of any merger talks during the annual general meeting scheduled on week starting April 22, 2013. According to Australian Financial Review, Apollo was not immediately available for comment.