BPO: Brookfield Properties Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : BPO: Brookfield Properties

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext

From: JakeStraw	2/11/2011 8:26:44 AM
	of 8

Brookfield Office Properties Reports Fourth Quarter and Full Year 2010 Results finance.yahoo.com GUIDANCE Brookfield Office Properties announced that full-year 2011 diluted funds from operations prior to lease termination income, special fees and gains to be in the range of $584 million to $609 million, or $1.05 to $1.10 per share, with a mid-point of $598 million or $1.08 per share. The primary assumptions used for the mid-point of this guidance range are: * average net rental rates per square foot on 2011 leasing activity consistent with 2010; * same property net operating income of approximately 1.5% less than 2010 due to two lease rollovers in New York and Boston; and * an exchange rate that assumes $1.00 United States to $1.00 Canadian and $1.01 Australian. OUTLOOK “Having achieved overall leasing activity of 6.9 million square feet in 2010, our second-highest annual leasing volume ever and 50% higher than 2009, we begin 2011 observing confidence returning to our primary office markets,” stated Ric Clark, president and chief executive officer of Brookfield Office Properties. “With a strong balance sheet, top assets, and solid platforms and people, we believe we are positioned well to grow in a recovering market.”

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext