Brookfield Office Properties (BPO) Tops Q3 EPS by 1c, Comments on Outlook
Get Alerts BPO Hot Sheet
Join SI Premium – FREE
Brookfield Office Properties (NYSE: BPO) reported Q3 EPS of $0.29, $0.01 better than the analyst estimate of $0.28.
OUTLOOK
"With a focus on leasing near-term availabilities within our portfolio, we are pleased to have signed 1.5 million square feet of leases during the quarter (5.2 million square feet year-to-date), including recent leases totaling approximately 200,000 square feet in Lower Manhattan at the World Financial Center," stated Dennis Friedrich, chief executive officer of Brookfield Office Properties. "With this leasing and our recent accretive acquisitions, our steady increase in commercial net operating income reflects the imbedded growth in our portfolio as a result of rental mark-to-market opportunities.
"We are pleased to report minimal collateral damage to our Lower Manhattan office portfolio due to the effects of Hurricane Sandy. This is due in no small part to the tireless efforts of our experienced and dedicated property and operations personnel in preparing for the storm, and the great resolve and teamwork displayed in reacting quickly in protecting our buildings and tenants."
For earnings history and earnings-related data on Brookfield Office Properties (BPO) click here.
OUTLOOK
"With a focus on leasing near-term availabilities within our portfolio, we are pleased to have signed 1.5 million square feet of leases during the quarter (5.2 million square feet year-to-date), including recent leases totaling approximately 200,000 square feet in Lower Manhattan at the World Financial Center," stated Dennis Friedrich, chief executive officer of Brookfield Office Properties. "With this leasing and our recent accretive acquisitions, our steady increase in commercial net operating income reflects the imbedded growth in our portfolio as a result of rental mark-to-market opportunities.
"We are pleased to report minimal collateral damage to our Lower Manhattan office portfolio due to the effects of Hurricane Sandy. This is due in no small part to the tireless efforts of our experienced and dedicated property and operations personnel in preparing for the storm, and the great resolve and teamwork displayed in reacting quickly in protecting our buildings and tenants."
For earnings history and earnings-related data on Brookfield Office Properties (BPO) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hilton hikes 2024 earnings outlook as Q1 results beat expectations, shares up
- Pacific Premier Bancorp (PPBI) Tops Q1 EPS by 2c
- Timberland Bancorp (TSBK) Reports Q2 EPS of $0.70
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!