TSX:BPO.PR.A - Post by User
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SONOFFERGUSon Mar 26, 2024 6:31pm
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Post# 35954172
RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, not
RE:RE:RE:BN controls 100% of BPY. BPY made the Guarantee, notHi Carena
You're welcome ofc!
IMO (and I think in your opinion too), BN isn't going to punt BPG unless the pain is unbearable -- rates go way up and all their business lines are on fire. As you have often pointed out, fair value for real estate is a very squishy number and interco transfers (and other, non-RE stuff) at justifable values could be cast as "stealing" by our lawyers with the benefit of hindsight (if BN weathers the storm).
Best,
Sonoffergus