September 28, 2016 4:35 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: 59
Chief Financial Officer and Vice President
Senior Vice President of Southern California Land and President of Brookfield California Land Holdings Llc
Age: 52
President of BH/JP Hawaii Holdings LLC
Age: 62
President of Brookfield Washington D.C Area
Age: 58
Compensation as of Fiscal Year 2016.

Brookfield Residential Properties Inc. Key Developments

Brookfield Residential Properties Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Income Before Income Taxes Guidance for the Year 2016

Brookfield Residential Properties reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income attributable to the company was $13 million compared to $18 million a year ago. The decrease of $5 million in net income was primarily the result of an $8 million increase in income tax expense, a $4 million increase in sales and marketing expense, a $1 million increase in share-based compensation expense and a $2 million decrease in other income. Housing revenue and gross margin was $307 million and $49 million compared to $244 million and $46 million a year ago. The increase in revenue was the result of 132 additional home closings with increased closings in all 3 operating segments. Net debt to total net debt to total capitalization was 57%, which represents a slight increase from 55% at December 31, 2015. For the six months the company reported income before taxes of $13 million compared to $6 million a year ago. Housing operations continued to provide a larger contribution of the company's operations with 1,191 home closings compared to 981 homes for the same period last year, representing a 21% increase. The increase in housing operations offset the decrease in land operations. For the full year the company provided earnings guidance of income before taxes will exceed 2015 results. Based on current forecasts, to achieve the targets in limited guidance of closing 1,500 homes and 650 lots in Canada and 1,700 homes and 2,100 lots in the U.S., including share of unconsolidated entities.

Brookfield Residential Properties Inc. to Report Q2, 2016 Results on Jul 28, 2016

Brookfield Residential Properties Inc. announced that they will report Q2, 2016 results at 12:00 PM, US Eastern Standard Time on Jul 28, 2016

Brookfield Residential Properties Inc., Q2 2016 Earnings Call, Jul 28, 2016

Brookfield Residential Properties Inc., Q2 2016 Earnings Call, Jul 28, 2016

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Recent Private Companies Transactions

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