QUOTE AND NEWS
Cloud Computing  Apr 10  Comment 
Accenture (NYSE:ACN) and Ariba, an SAP AG (NYSE:SAP) company, are expanding their global alliance through a first-of-its-kind agreement to offer new cloud-based solutions designed to transform the delivery of procurement and...
The Economic Times  Apr 10  Comment 
Nasscom, with over 1400 members, has six councils — focusing on business process outsourcing (BPO), product, engineering and research, global in-house centres, IT services and the domestic market.
DailyFinance  Apr 7  Comment 
WAKEFIELD, MA -- (Marketwired) -- 04/07/14 -- Vestmark, a leading innovator of advisory solutions and wealth management technology, announced Cambiar Investors has selected Vestmark Business Process Outsourcing (BPO) service to support the growth...
The Times of India  Apr 7  Comment 
"It is estimated that in the ongoing decade India might lose USD 30 billion in terms of foreign exchange earnings to Philippines, which has become the top destination for Indian investors," Assocham secretary general D S Rawat said.
DailyFinance  Apr 2  Comment 
NEW YORK, NY -- (Marketwired) -- 04/02/14 -- Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) today announced that it has filed its 2013 annual report on form 40-F, including its audited financial statements for the year ended December...
Benzinga  Apr 1  Comment 
Brookfield Property Partners L.P. (NYSE: BPY) (TSX: BPY.UN) ("Brookfield Property Partners" or "BPY") and its indirect subsidiaries Brookfield Office Properties Exchange LP and Brookfield Property Split Corp. (collectively with Brookfield Property...
The Hindu Business Line  Mar 26  Comment 
BPO services firm Genpact on Wednesday said it has signed a multi-year contract with US-based branded foods major The Hillshire Brands Company to run its finance and accounting (F&A) operation...
The Economic Times  Mar 20  Comment 
Increased business is important for BPO firms that focus on the domestic market, to diversify from telecom deals that form the mainstay of the business.
DailyFinance  Mar 14  Comment 
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company, has been named a ‘Leader’ in both R&D ITO & BPO by advisory and research firm International Data Corporation (IDC) in its...
DailyFinance  Mar 14  Comment 
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company, today announced that Wipro BPO has been positioned among the top worldwide Insurance BPO services providers by the leading...




 
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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