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.
Berkshire Hathaway is a Motley Fool Stock Advisor pick. Brookfield Infrastructure Partners L.P, Berkshire Hathaway, and USG are Motley Fool Inside Value selections. Brookfield Asset Management is a Motley Fool Global Gains pick. Brookfield Infrastructure Partners L.P is a Motley Fool Hidden Gems recommendation. The Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletters today, free for 30 days.
Fool contributor Christopher Barker can be found blogging actively and acting Foolishly within the CAPS community under the username TMFSinchiruna. He tweets. He owns no shares in the companies mentioned. The Motley Fool's disclosure policy thinks that you're its greatest asset.