Brookfield Canada Office Properties has released its 2012 fourth quarter and full-year results. Brookfield announced the net income for the year was $527.5 million ($5.66 per unit), compared to $355.4 million ($3.81 per unit) in 2011. Net income for the fourth quarter was $165.6 million, compared to $216.9 million during the same period in 2011.

Commercial property net operating income for the year ending Dec. 31, 2012, was $269.2 million, compared with $234.6 million in 2011. The fourth quarter of 2012 net operating income for commercial properties was $68.5 million, compared with $62.3 million during the same period in 2011.

Continuing its pro-active leasing strategy, Brookfield Canada leased 331,000 square feet of space during the fourth quarter of 2012. The significant leasing efforts during the quarter brought the Brookfield’s full-year leasing total to 1.34 million square feet.

The trust’s occupancy rate finished the year at 96.9 per cent, down 20 basis points from the prior quarter but up 70 basis points from year-end 2011. This rate compares well to the Canadian national average, which is 92.8 per cent.