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BPYPO / Brookfield Property Preferreds: The Trend Is Not Your Friend
Brookfield Property Partners LP preferred shares were downgraded to "Sell" due to high debt levels and a declining FFO. Q2-2023 saw FFO remain negative even though there was marginal improvement in office occupancy levels. Refinancing will be challenging, and mortgage defaults are expected to increase.
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Posted: Aug 15 2023, 10:00
Author Name: Seeking Alpha
Views: 080237
BPYPO News
By Seeking Alpha
August 15, 2023
Brookfield Property Preferreds: The Trend Is Not Your Friend
Brookfield Property Partners LP preferred shares were downgraded to "Sell" due to high debt levels and a declining FFO. Q2-2023 saw FFO remain negativ more_horizontal