TSX:BPO.PR.A - Post by User
Post by
CrazyTraderon Oct 31, 2023 8:38am
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Post# 35708833
Brookfield has said again and again.... Debt is non-recourse
Brookfield has said again and again.... Debt is non-recourseIn Addition to how Brookfield companies are structured, BPY is further more unique in that it was taken private and I think it's the mothership of Brookfield's real-estate arm.
"We are Brookfield Corporation’s primary vehicle to make investments across all strategies in real estate. Our goal is to be a leading global owner and operator of high-quality real estate."
BPY is massive, $129 Billion in assets. Surely some of these assets are profitable, but clearly from the income statement, many of these assets are not currently profitable.
As long as there are profitable assets, BPY can let the non-profitable assets go, and continue on operating a profitable business without becoming a Zombie Company.
The company/assets/debt was structure this way, non-recourse, as I understand.
BPY is not DTLA. While I think they are structured the same/similar way, BPY is Massive and was taken Private. This sets BPY apart from most of Brookfields Operating businesses and from companies trading on the stock market.
All just my opinion/view/thinking/guessing/hoping...and probably looking for ways to reassure myself that I've haven't made a BIG BIG BIG BIG mistake. I could be wrong and pay the price for failing to follow all my trading rules.