This article first appeared on GuruFocus.
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Operating Profit: More than $2.3 billion.
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Operating Earnings Per Security: Grew by 9.8%.
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Gearing: 4.3%.
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Liquidity: $6.6 billion.
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Interest Rate Cover: Over 47 times.
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Investment Earnings Increase: 20% or $111 million.
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Rental Income from Direct Properties: Increased by nearly $80 million.
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Management Revenue Increase: $61 million.
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Total Fee Revenue: 1.3% of average stabilized third-party AUM.
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Performance and Transactional Revenues: $372 million, up from $331 million last year.
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Total Portfolio: Nearly $86 billion, with $72 billion in external assets under management.
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Realized Development Earnings Increase: $62 million.
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Net Income: $34 million, with a $52 million turnaround in net borrowing costs.
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Cash Earnings in Operations: $2.3 billion.
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Operating Cash Flow: $1 billion reported.
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Net Assets Increase: More than $1.7…
