TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Apr 04, 2024 7:25am
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Post# 35969746
RE:Dalrymple
RE:DalrympleProperties are not worthless. It's some of the the contracts with tenants that are probably worthless at the moment. It's a temporary thing due to Central Banks rapidly rasising rates in a short amount of time.
Contracts can be renegotiated, expire/mature, or even terminated. If all else fails with the contract, there's the "non-recourse" nature of asset..... But one has to question this given recent news of Brookfield selling asset significantly below the debt owned on the property.
Properties are not worthless. Infact, I think DTLA was/is Operating CASH FLOW POSITIVE in 2022, 2021.
Brookfield is BIG.... But Central Banks are Bigger. Question is.... are the Central Banks after the CRE sector, or something else?