No. of Recommendations: 4
very succinct breakdown, the IFRS is the ~6b dollar question. (unless am also missing some line items)
aside from the current turmoil of all financials; my only guess is that the mkt has extrapolated headline fears from several office properties that brookfield has walked away from in more than one city. on the other hand, this is exactly the non-recourse protection some claim is a great risk hedge. but a loss is a loss, not just of capital but of time, effort, and confidence.
with numerous other equities on sale, it is easy to get distracted from brookfield's core valuation, as office continues to become a smaller part of brookfield's future prospects.
