Brookfield Office Properties Inc.

Corporate Finance:Real Estate

Summary

Brookfield Office Properties Inc. has interests in 109 commercial properties and 16 development sites in key centres in North America totalling 75.1 million square feet of leasable space (it has an effective interest in 43.0 million square feet of income properties, including an effective 45% of its U.S. Office Fund). Brookfield Office Properties Inc. operates a property management business and land development business primarily in Canada. Brookfield Asset Management Inc. owns 49% of Brookfield Office Properties Inc. DBRS notes that Brookfield Properties Corporation changed its name to Brookfield Office Properties Inc.

Debt Rated Action Rating Trend Date
Issuer Rating Confirmed BBB (high) Stb Oct 5, 2011
Senior Unsecured Debt New Rating BBB (high) Stb Jan 12, 2012
Cumulative Redeemable Preferred Shares, Class AAA Confirmed Pfd-3 (high) Stb Oct 5, 2011