Real Estate Management and Development
Company Overview of Brookfield Office Properties Inc.
Brookfield Properties Corporation is a privately owned real estate investment firm. The firm engages in the ownership, development, and management of premier commercial properties and also invests in core-plus office buildings. It also provides ancillary real estate service businesses, such as tenant service and amenities. The firm invests in the real estate markets of the United States with a focus on North American cities, including Seattle, San Francisco, Los Angeles, Denver, Houston, New York, Boston, and Washington, DC., and Minneapolis and Canadian cities such as Toronto and Calgary. It primarily invests in properties and development sites predominantly office buildings. It was formerl...
181 Bay Street
Toronto, ON M5J 2T3
Founded in 1923
Key Executives for Brookfield Office Properties Inc.
Chief Executive Officer and Director
President and Global Chief Operating Officer
Co-Chairman and Chairman of Brookfield Financial Properties
Chairman and Chairman of Human Resources & Compensation Committee
Chief Financial Officer, Senior Vice President and Director
Compensation as of Fiscal Year 2015.
Brookfield Office Properties Inc. Key Developments
Brookfield Office Properties Inc. Announces Dividend, Payable on June 30, 2015
May 8 15
Brookfield Office Prop Inc. announced dividend of $0.296875, $0.359375, $0.3125, $0.325, $0.384375, $0.321875, $0.31875, $0.2875 and $0.328125 on Cl Aaa Pr and Aaa Pr Ser shares. The dividends are payable on June 30, 2015 to the shareholders record on June 15, 2015.
Brookfield Office Properties Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015
May 5 15
Brookfield Office Properties Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. For the period, the company reported net income for the three months ended March 31, 2015 was $58.7 million or $0.63 per unit, compared to $42.1 million or $0.45 per unit during the same period in 2014. Funds from operations was $37.1 million or $0.40 per unit for the three months ended March 31, 2015, compared to $40.9 million or $0.44 per unit during the same period in 2014. Adjusted funds from operations was $28.6 million or $0.31 per unit for the three months ended March 31, 2015, compared to $39.7 million or $0.43 per unit during the same period in 2014. Net operating income from commercial properties decreased by $4.8 million to $63.8 million for the three months ended March 31, 2015, compared to $68.6 million during the same period in 2014. Same-property net operating income decreased to $64.1 million, $2.2 million below the same period in 2014. Income before fair value gains was $36.6 million compared to $39.2 million a year ago. Cash flows provided by operating activities was $34.2 million compared to $33.6 million a year ago. Capital expenditures – commercial properties were $12.2 million compared to $7.0 million a year ago. Capital expenditures – commercial developments were $68.3 million compared to $33.0 million a year ago.
Brookfield Office Properties Announces Election of Trustees
Apr 21 15
Brookfield Office Properties Inc. announced that at the annual meeting of the company held on April 20, 2015, the company approved election of Roderick D. Fraser, Paul D. McFarlane and Susan L. Riddell Rose as trustees.
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