Brookfield Office Properties Inc T.BPO.PR.A

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

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.

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Brookfield Office Properties Inc > Dalrymple

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Comment by CrazyTraderon Apr 04, 2024 7:25am

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Post# 35969746

RE:Dalrymple

Properties are not worthless. It's some of the the contracts with tenants that are probably worthless at the moment. It's a temporary thing due to Central Banks rapidly rasising rates in a short amount of time.

Contracts can be renegotiated, expire/mature, or even terminated. If all else fails with the contract, there's the "non-recourse" nature of asset..... But one has to question this given recent news of Brookfield selling asset significantly below the debt owned on the property.

Properties are not worthless. Infact, I think DTLA was/is Operating CASH FLOW POSITIVE in 2022, 2021.

Brookfield is BIG.... But Central Banks are Bigger. Question is.... are the Central Banks after the CRE sector, or something else?

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