Post by
CrazyTrader on Nov 19, 2024 11:33am
Q3 is out. $2+ Billion NET LOSS for the year so far, still
Q4 to go. Huge increase in losses compared to last year of about $1.2 Billion Loss for same period last year.
Interest expense up but what's making most of the difference is that Fair Value Losses are way way up. If they don't sell the buildings, those losses are paper losses.... but I don't know if those losses are paper losses or if they have been realized.
Not sure what's BPY game plan is if rates remain higher for longer. But Losses seem to be accelerating.