Brookfield Office Properties Inc T.BPO.PR.C

RE:RE:Get Ready.... We are about to blast off I think when BPY

[rodbhar]

wynner wrote: How much money is BN saving with BPO shorts?

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"Distributable earnings in Brookfield’s operating businesses, which include its publicly traded infrastructure, renewable energy and private equity divisions, rose 13%. In real estate, they were up 19%, with signs of improvement in its so-called core portfolio that includes 16 major office properties and 19 retail centers."

https://ca.finance.yahoo.com/news/brookfield-corp-profit-rises-flatt-114801908.html

I think the best way to follow the performance of Brookfield real estate as it relates to the safety of the BPO prefs is Net Operating Income (NOI) of the Core properties. NOI is the most fundamental measure of a property's cash flow--rents less operating expenses. If the NOI of the Core does well, we get paid. NOI was $381M in Q1 vs $365 last year, and $1,689M in the last 12 months vs $1,439 a year earlier. So increases continue making the BPO prefs safer.