May 25, 2016 6:21 AM ET

Household Durables

Company Overview of Brookfield Residential Properties Inc.

Company Overview

Brookfield Residential Properties Inc., together with its subsidiaries, provides land development and homebuilding services in Canada, California, and the Central and Eastern United States. It engages in lot entitlement and development; the construction of single family and multi-family homes; the development of land for its communities; and sale of land to other homebuilders and third parties. The company is also involved in the planning and building of planned communities featuring community centers, parks, recreational areas, schools, commercial areas, and other amenities; infill projects; and mixed-use developments. As of December 31, 2014, it controlled 105,873 single family lots, inclu...

4906 Richard Road SW

Calgary, AB T3E 6L1

Canada

Founded in 1956

Phone:

403-231-8900

Fax:

403-231-8960

Key Executives for Brookfield Residential Properties Inc.

Chief Executive Officer, President and Director
Age: 58
Chief Financial Officer and Vice President
Senior Vice President of Southern California Land and President of Brookfield California Land Holdings Llc
Age: 51
President of BH/JP Hawaii Holdings LLC
Age: 61
President of Brookfield Washington D.C Area
Age: 57
Compensation as of Fiscal Year 2015.

Brookfield Residential Properties Inc. Key Developments

Brookfield Residential Properties Announces Earnings Results for the First Quarter Ended March 31, 2016; Provides Income Before Income Taxes Guidance for the Year 2016; Expects to Close 1,500 Homes and 650 Lots in 2016

Brookfield Residential Properties announced earnings results for the first quarter ended March 31, 2016. For the quarter, the company is essentially breakeven compared to a net loss of $13 million for the quarter ended March 31, 2015. The increase of $13 million in net income attributable to Brookfield Residential was primarily the result of $26 million of share-based compensation and legal costs incurred in the Privatization Transaction that occurred in the first quarter of 2015. Housing revenue was $239 million compared to $214 million for the same period in 2015. The increase in revenue was primarily the result of 78 additional home closings, partially offset by a 5% decrease in the average home selling price due to product mix and a 10% decrease in the Canadian to U.S. dollar foreign exchange rate for the quarter ended March 31, 2016, when compared to 2015. Total land revenue was $28 million representing a $35 million decrease when compared to the same period in 2015. For 2016, the company expects to close 1,500 homes and 650 lots. The company anticipates that income before income taxes for 2016 will exceed 2015 results as a result of the continued growth in the U.S. operations.

Brookfield Residential Properties Inc., Q1 2016 Earnings Call, Apr 28, 2016

Brookfield Residential Properties Inc., Q1 2016 Earnings Call, Apr 28, 2016

Brookfield Residential Properties Inc. to Report Q1, 2016 Results on Apr 27, 2016

Brookfield Residential Properties Inc. announced that they will report Q1, 2016 results After-Market on Apr 27, 2016

Similar Private Companies By Industry

Company Name Region
161550 Canada Inc. Americas
A & K Millwork Ltd. Americas
A&F Gift and Souvenir Co. Limited Americas
Abondcorp Inc. Americas
Accent-Fairchild Group, Inc. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Brookfield Residential Properties Inc., please visit www.brookfieldresidential.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.