Post by
CrazyTrader on Feb 27, 2024 7:51am
Any other REITS Growing Massively Like BPY ???? The entire
reit sector is suffering badly, BPY included. But something "different" happening here with BPY compared to most. The company is growing massively. Q3 shows ~$17 Billion increase in the Balance sheet over 2022. Increase in revenues, increase equity as well as liabilities.
While it seems everyone else is "shrinking", BPY is growing massively.
Are there any other reits out there doing the same???? Maybe a BlackRock reit of some sort????
I view this "growth" positively. But I'm not sure how exactly this will improve the income statement.
Opinions?
All just my opinion/view/thinking/expecting a terrible earnings report but also seeing revenues growing and equity growing along side with the liabilities something I haven't seen elsewhere.
Comment by
CrazyTrader on Feb 27, 2024 9:31am
Carena, growing equity and revenues, I view positively..... relative to what you see going on with other reits. If the growth was All by Debt, I would be worried, but Equity is being Added also. It's usually positive if "insiders" add to equity and not run for the doors. All just my opinion/view/thinking/guessing/hoping.
Comment by
Carena on Feb 28, 2024 8:37am
Good morning, BPY has public securities and so yes, they have to file like any other public company. BPO does not have to file because BPY has the guarantee in place. If BN puts the same guarantee in for BPY, then BPY would not have to file. BPY is very different than all other REITs. The biggest difference is BPY has Bruce Flatt behind it. Carena
Comment by
CrazyTrader on Feb 28, 2024 8:45am
So is what you are saying is that any subsidary won't need to report if parent company "guarantee" the dividend???? All just my opinion/view/thinking/wondering
Comment by
SONOFFERGUS on Feb 28, 2024 12:32pm
Hi Crazy. BPY has to file because of the BPO prefs and other public securities it guarantees. Part of my thesis is that BN would love to get rid of BPY's public reporting, thereby dimming the spotlight on both the portfolio and the things BN wants to do to prop it up. Perhaps the easiest route would be for BN to guarantee those securities, which would be a very good thing!