Brookfield Homes Corp.

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Brookfield Homes Takes 4Q Charge

Brookfield Homes reported yesterday that it will take a net charge against income of about $1.05 to $1.24 per share for the fourth quarter of 2007 to account for fourth-quarter housing and land inventory writedowns in the range of $50 to $60 million. More

Posted on
Brookfield Homes Takes 4Q Charge

Brookfield Homes reported yesterday that it will take a net charge against income of about $1.05 to $1.24 per share for the fourth quarter of 2007 to account for fourth-quarter housing and land inventory writedowns in the range of $50 to $60 million. More

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Brookfield Spun

Brookfield Properties Corp. is getting out of the U.S. home building business. The transaction, with an estimated equity value of $322 million, will establish Brookfield Homes Corp. as a separate public company, which is expected to apply for a New York Stock Exchange listing under the symbol BHC. More

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