TSX:BPO.PR.A - Post by User
Comment by
Carenaon Nov 20, 2024 6:59pm
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Post# 36322787
RE:BPO story progressing nicely
RE:BPO story progressing nicelyHi there,
I have not had time to look at much of the BPY financials but I plan to this weekend....but it would seem encouraging to see that the BSREP has been deconsolidated after having been just consolidated in 2023.....but no doubt, lots of audit special issues billing I would bet. Lol.
So the big one that caught my eye is in terms of the BPY balance sheet, the Assets Held For sale are up $34 billion THIS QUARTER (and the associate liabilties are up $20 billion). When I read note 10 to the financials, these are assets are ready for sale and consists of assets where the sale is "HIGHLY LIKELY". BPY is signalling that $14 billion of NET EQUITY is about to be monetized.
This is a major development, unless I am missing something.
If they monetize $14 billion sooner than later, this the "SHOW ME" part of the story!
Have a great night!
Carena