Post by
SONOFFERGUS on May 14, 2024 1:52pm
BPY Q1 released.
https://bpy.brookfield.com/bpy/reports-filings/quarterly-reports
NOI up a little, wrote down some transitional properties, provided comforting words around 2024/5 refinancings.
Overall, nothing to upset the long BPO thesis IMO.
Comment by
Carena on May 14, 2024 5:43pm
Hi Sonoffergus, I agree, a quiet quarter and nothing to upset the long thesis. You noted the write-downs, I will note there was no related party transactions (eg sales to the insurance unit). I know they are starting to get criticized for this ie selling assets to themselves....a great Brascan/Brookfield tradition...lol. Have a great night, Carena