Brookfield Office Properties Inc T.BPO.PR.A

RE:RE:RE:RE:What I NEED to hear and see from Brookfield is that they

[Carena]

Hi Rodbhar,

Below is the link to the FT article I referred to.....which discusses specific "non-reconciliations" and which call into the credibility of what BN is saying relative to what BPY is saying.  For example, occupancy of 96% vs 86% is very material.

https://www.ft.com/content/7e0c3f90-872c-4f7b-941b-db35a8499e12

Generally, journalists have not a clue how to intelligently read a 10-Q or 10-K filing and I think
that the basis of "hit pieces" like this is because the journalist has met which a hedge fund who is short and who spoon-feeds the journalist the "non-reconciliations" and other things to write about.

When I read this article, I concluded they had a point and it was consistent with the frustration I have felt for awhile when reading BPY sec disclosures relative to how simply BN talks about their CRE at the BN level.

At the end of the day, us BPY/BPO pref holders do not have a formal guarantee from BN that they will be there for BPY and thus we holders need to rely on the BPY filings which are confusing to say the least and are not anywhere near as rosy as BN describes in their public comments/filings.

Hopefully this makes sense. Be sure,  I think BN will sort this kind of stuff out in 2024. I am still long BPO and BPY prefs.

Carena