RE:RE:RE:RE:RE:Something is amissJsboutin wrote:
I'm fairly sure they recognize debt from unpaid rent as income. When the interim q2 report is out, it will be fairly clear from the cash flow statement.
What will be interesting is how much of it they're expecting to get back. Is want to see them recognize a good amount as an allowance for dubious accounts.
As of the release, the amount for bad credit needs to be incorporated in earnings. Keep in mind that BAM will invest a good amount into BPY retailers, so the rent will eventually be paid.