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Brookfield Office Properties Inc T.BPO.P.A


Primary Symbol: T.BPO.PR.A Alternate Symbol(s):  T.BPO.PR.P | BKEEF | T.BPO.PR.R | T.BPO.PR.T | BKAAF | T.BPO.PR.W | BRPPF | T.BPO.PR.X | BKOFF | BRKFF | T.BPO.PR.Y | BRPYF | T.BPO.PR.C | BROAF | T.BPO.PR.E | T.BPO.PR.G | T.BPO.PR.I | T.BPS.PR.U | T.BPO.PR.N | BROPF | BOPPF

Brookfield Office Properties Inc. is a global office property company. The Company owns, manages, and develops premier assets in the resilient markets. The Company's signature properties define the skylines of dynamic cities around the globe, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, London, Berlin, Sydney and Perth. From Brookfield Places in New York City, Toronto and Perth to Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, its distinguished portfolio attracts financial, energy, government and professional service organizations which have high credit ratings and maintain long-term leases.


TSX:BPO.PR.A - Post by User

Comment by pierrelebelon Sep 13, 2023 12:01pm
147 Views
Post# 35633976

RE:Capital (Equity and Debt) seems to be pouring in to this

RE:Capital (Equity and Debt) seems to be pouring in to this
I do not know what information you are looking at.

Nobody that I know of is talking about bankruptcy.

Looking at the June 30 2023 six month financial statements for BPY I see a net loss of US$852,000,000 compared to a profit of US$2,212,000,000 for the first six months of 2022.

BPY explains: "Net (loss) for the six months ended June 30, 2023 was $(852) million compared to net income of $2,212 million for the same period in prior year. The decrease is primarily attributable to share of losses from equity accounted investments in our Core Office segment of $239
million, an increase in interest expense, higher direct hospitality expense of $437 million and commercial property expense of $211 million resulting from the reorganization of certain LP interests in connection with the Manager Reorganization and the Acquisition of Foreign
Investments, and fair value losses of $111 million. Partially offsetting these decreases, is higher commercial property revenue of $514 million and hospitality revenue of $488 million from the reorganization of certain LP interests in connection with the Manager Reorganization as well
as income tax recovery."

Also: As of June 30, 2023, we had $129,970 million in total assets, compared with $112,516 million at December 31, 2022. This $17,454 million increase was primarily due to the reorganization of certain LP interests as a result of the Acquisition of Foreign Investments, other acquisition activity during the year, and foreign currency translation partially offset by distributions related to the sale of a student housing asset in the prior year and property dispositions."


Finally: "Total equity was $47,337 million at June 30, 2023, an increase of $5,600 million from the balance at December 31, 2022. The increase was primarily driven by equity issued as part of the Acquisition of Foreign Investments, which contributed $5,509 million, and the impact of foreign currency translation partially offset by the net loss and distributions during the period.

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