Brookfield Properties: Post Call
Strong Q4 results from
Brookfield Properties is supporting cautious optimism from
RBC Capital Markets. The REIT was issued an outperform with average risk rating in RBC's post call report. They also commented that the conversion of the Canadian commerical property operations to a REIT to be a likely event.
For 2010:
| |
Revised RBC Outlook |
| Reported FFO |
$1.22-$1.33/share |
| Operating FFO |
$1.18/share |
| Price target |
$15/share |
The Q4 2009 earnings call can be accessed here:
Brookfield Properties Disclosure: This article is based on a recent report prepared by analysts for RBC Capital Markets. A member company or one of its affiliates managed or co-managed a public offering of securities for Brookfield Properties and received compensation from Brookfield Properties for investment banking activities over the past 12 months. RBC Capital Markets Corp. makes a market in the securities of Brookfield Properties and may act as principal with regard to sales.