* Q2 EPS $0.24 vs est $0.16
* Revenue fell 13 pct to $2.9 bln
* Says office property portfolio 95 pct occupied
* Sets 13 cents/shr dividend
Aug 7 (Reuters) - Brookfield Asset Management Inc (BAMa.TO), an investor in property, power and other infrastructure assets, posted a 34 percent rise in its second-quarter profit that topped estimates, but said its operating cash flow fell 26 percent.
Toronto-based Brookfield, which has bought many of its largest assets during distressed times, said it recorded a profit of $147 million, or 24 cents a share, compared with $110 million, or 17 cents a share a year ago.
Revenue fell 13 percent to $2.9 billion, while cash flow from operations came in at $276 million, or 46 cents a share.
Analysts on average were expecting a profit of 16 cents a share, excluding items, on revenue of $2.3 billion, according to Reuters Estimates.
The company, a major stakeholder in leading Manhattan big office landlord Brookfield Properties BPO.TO, declared a dividend of 13 cents a share payable on November 30.
Brookfield, which has about $80 billion in assets under management, also said it has contracted about 80 percent of its expected renewable power generation for the balance of 2009 and 2010.
Brookfield’s stock closed down 3.38 percent Thursday at C$21.74 on the Toronto Stock Exchange. (Reporting by Krishna Chaithanya in Bangalore; Editing by Maju Samuel)