If Berkshire Hathaway
Brookfield Asset Management
On the heels of their collective success, Brookfield Asset Management recorded net earnings of $147 million in the second quarter for a 34% gain over the same quarter last year. Cash flow from operations totaled $276 million, with surprising strength in commercial real estate offsetting a 79% year-over-year decline in operating profits from specialty funds.
The surprising heroes
Reinforcements of optimism have propelled many real estate stocks to substantial recoveries during recent months, and Brookfield Homes
While I have urged Fools to remain extremely cautious of this rally, warning of sustained challenges for the likes of Pulte Homes
I continue to view residential real estate as a heavily impaired sector, but appreciate the resiliency of an effective operator as it charges across the battlefield.
Meanwhile, with the investment community bracing for substantial weakness in the commercial real estate sector -- stemming both from constrained credit conditions and persistent economic malaise -- Brookfield Properties
A future three-star general
I have previously featured Brookfield Infrastructure Partners
Even as Brookfield's real estate soldiers distinguish themselves in battle, I believe the infrastructure subsidiary possesses more effective armaments for the battles to come.