QUOTE AND NEWS
The Hindu Business Line  Aug 25  Comment 
RuralShores has 19 centres in 10 States, employing over 2,000
Cloud Computing  Aug 19  Comment 
Research and Markets (http://www.researchandmarkets.com/research/fpd68h/business_document) has announced the addition of Wintergreen Research, Inc's new report "Business Document Work Process Management (BPO): Market Shares,...
The Hindu Business Line  Aug 14  Comment 
Cognizant Foundation – the CSR arm of the BPO and IT major Cognizant, has funded the setting up of a science gallery, estimated at a cost of ₹7 lakh, in Thambithottam Higher Secondary School, G...
The Economic Times  Aug 13  Comment 
India had lost a large chunk of its BPO business to the Philippines due to the closer cultural affinity and a natural American accent found there.
The Hindu Business Line  Aug 13  Comment 
BPO services provider Hinduja Global Solutions (HGS) today reported a 13.6 per cent decline in consolidated net profit at ₹32.49 crore for quarter ended June 30 due to higher non-cash depreciation...
The Hindu Business Line  Aug 13  Comment 
Hiring landscape in the country is showing signs of improvement as recruitment activity registered 20 per cent rise in July, led by the IT and BPO sector, says a report. The Naukri Job Sp...
The Hindu Business Line  Aug 11  Comment 
Polaris Financial Technology Ltd has reduced its number of employees by nearly 1,000 in the last one year due to a ‘rationalisation’ of its business process outsourcing (BPO) unit. At the...
newratings.com  Aug 6  Comment 
TEANECK (dpa-AFX) - Cognizant Technology Solutions Corp. (CTSH), a provider of IT, consulting, and BPO services, Wednesday reported increased profit for the second quarter, supported by higher revenues. Looking ahead, the firm cut its revenue...
The Hindu Business Line  Jul 31  Comment 
Mid-size IT solutions company Hexaware Technologies is set to expand its nascent back-office practice under new Chief Executive Officer R Srikrishna. However, the company will not focus o...
The Economic Times  Jul 26  Comment 
The company’s financial performance improved substantially since the group's flagship company CESC acquired controlling stake in BPO firm.




 
TOP CONTRIBUTORS

Brookfield Properties Corporation (NYSE: BPO) is one of the biggest commercial real estate companies in North America. The company's two main segments are ownership, development and management of high-quality properties in the most exclusive and high-growth metropolitan hubs in Canada and the United States[1] and development of residential land.


The segment managing premier assets in exclusive cities is the main driver of BPO's net income earnings. The segment covers over 110 office properties in 75 million square feet (two thirds of which come from New York City alone) [2]

In the wake of the 2008 Financial Crisis which severely harmed the US real estate industry, Brookfield Properties Corporation has outperformed most competitors. The company's commercial property operations — buoyed by higher-than-industry occupancy rates and rent revenue, have increased net operating income and maintained solid, steady cash flows. BPO courts many first-grade clients (which have included Royal Bank Of Canada (RY) , Goldman Sachs Group (GS) and Chevron Corporation (CVX)) [3]


Corporate Overview

Incorporated in the 1920s and existing in various facets of the industry since the 1960s, Brookfield Properties Corporation eventually grew into a powerhouse real estate giant in North America after a series of high-value acquisitions of premier properties in Canada and the US since 1990. Currently, the company owns, develops, and operates premier assets in the downtown cores of mainly New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto, and Calgary.

Brookfield Properties Corporation focuses on attracting diversified clients very high credit rating. The company acquires office spaces which are well-placed in the cores of high-growth North American metropolises, and manage them on a long-term basis to increase value to potential clients, while fostering demand at low costs to the company.

Another defining philosophy of BPO is active capital management and a market focus in supply-constrained / barrier-to-entry markets whose tenants are very well-capitalized.

Business Segments

BPO Commercial Property Operations covers 12 distinct (geographic) markets in the US and Canada: Houston, Toronto, Calgary, Denver, Washington, DC, Los Angeles, Midtown New York City, Downtown New York City, Boston, Ottawa and Vancouver / Edmonton.

The segment has 110  properties — covering 75  million  square  feet (9  million  square  feet  of  parking included). According to the company, the segment's primary markets are the financial,  energy  and  government  center  cities in New  York, Washington,  D.C.,  Houston,  Los  Angeles, Boston, Toronto,  Calgary  and  Ottawa.

In order to realize the value from properties, BPO focuses on proactive leasing of and selective redevelopment, monetizing the development assets (including refinancing of mature properties) and aiming for prudential capital management.


Market % of Net Oper. Income Number of Properties Area (millions of sq. ft.)
Downtown NYC 33 8 13.9
Toronto 10 11 10.7
Calgary 6 9 6.9
Denver 3 1 1.8
Washington DC 11 30 7.3
Los Angeles 8 5 4.5
Midtown NYC 10 3 4.5
Houston 11 9 9.1
Boston 6 2 2.3
Ottawa 1 6 2.8
Vancouver / Edmonton 1 3 1.6

Image:Picture_1.png

Companies under Brookfield Properties Corporation

  1. Brookfield Asset Management (BAM): owns approximately half of the outstanding common shares of BPO, manages US$95 billion of property, power and other infrastructure assets. '
  2. BPO Properties: a real estate investment company in which BPO owns 89% equity interest, focuses on ownership and and value enhancement of premier commercial real estate in Toronto, Calgary, Ottawa, Edmonton and Vancouver.
  3. Carma Corporation: fully owned by BPO and develops commercial areas and income properties for investment and sale and develops master planned communities in BPO's 12 markets in Canada and the US.
  4. 'Brookfield LePage Johnson Controls (BLJC): supplies facility management solutions for various private sector and governmental clients. BPO owns a 40% equity investment in BLJC
  5. Brookfield Residential Services Ltd.: fully owned by BPO and manages condominium corporations in the greater Toronto area.

Image:Example.jpg

Business and Financial Metrics

References

  1. Corporate Overview. Brookfield Properties Corporation Inc.
  2. BPO 2009 Annual Results  
  3. Tom Hutchison (June 30, 2010). A Real Estate Gem Lost in the Rubble. Street Authrority.
  4. (Global Markets) BPO Portfolio. BPO Inc..



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