2009
08.09
08.09
Q2/09 F.D. EPS were $0.24 vs. $0.17 last year, lifted by deferred tax
credits. Cash flow per share was $0.46 vs. $0.62 as higher income from
commercial properties was more than offset by lower income from electric
power, infrastructure, timberland and specialty funds.
Acquisitions of high-quality distress assets in the U.S. and U.K. are a focus of keen interest.
BAM has liquidity of $2.0 bln at the parent company ($3.1 bln including its
subsidiaries) and debt/capitalization of only 28% (unconsolidated at book
value) giving it the financial flexibility to both weather the credit crunch and
to acquire property and infrastructure assets on attractive terms.
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