Brookfield Property Partners collected just 34 percent of rent across its retail portfolio in the second quarter, helping drive another sharp decline in earnings this year. Its office holdings also took a hit. The real estate arm of Brookfield Asset Management reported a net loss of $1.5 billion from April through June, compared with $23 million of net income over the same period in 2019. At Thursday’s earnings call, company executives blamed its poor April
source https://therealdeal.com/2020/08/06/brookfield-propertys-retail-tenants-paid-34-of-rent-in-q2/
No comments:
Post a Comment