Brookfield Property’s Q1 losses come as retail tenants miss payments

Brookfield Property Partners is now negotiating with 2,400 of its retail tenants across the country who have been unable to come up with the rent. That inability to pay has cut deeply into Brookfield’s bottom line. Its first quarter was dismal. The real estate wing of the Canadian giant Brookfield Asset Management had a net loss of $373 million from January through March, compared with $713 million in net income over the same period last

source https://therealdeal.com/2020/05/08/brookfield-propertys-q1-losses-come-as-retail-tenants-miss-payments/