TSX:BPO.PR.A - Post by User
Comment by
wynneron Aug 13, 2024 3:31pm
70 Views
Post# 36177154
RE:I'm impressed.
RE:I'm impressed.wynner wrote: Not bad.
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Net loss decreased by $193 million to $318 million during the three months ended June 30, 2024 as compared to net loss of $511 million during the same period in 2023. The decrease in net loss is a result of lower fair value losses and lower share of equity accounted losses in the U.K. compared to the prior year, partially offset by the movements discussed above. Net loss decreased by $66 million to $527 million during the six months ended June 30, 2024 as compared to the same period in 2023.
Net operating income is up.
NOI in our LP Investments segment increased by $61 million and $125 million for the three and six months ended June 30, 2024, respectively compared to the prior year, primarily driven by higher revenues as a result of net acquisition activity and strong leasing at our office portfolio in India and strong operating performance at hospitality assets in the U.K.