Investor Presentaiton
Proportionate Balance Sheet (Year ended December 31)
C$ Billions
2023
2022
($) Change (%) Change
Non-core asset sales (3) and
Investment Properties(1)
5.8
6.3
(0.5)
(7.7%)
Disposals &
Valuation
valuation losses offset by FX and
development spend.
Other Assets
Total Assets
0.3
0.5
(0.2)
(40.5%)
19
6.1
6.8
(0.7)
(10.1%)
Mortgages, Loans &
3.6
3.8
0.2
5.6%
Convertible Debentures
Other Liabilities
Total Liabilities
0.5
0.5
3.5%
4.1
4.3
0.2
5.1%
Net Asset Value ("NAV") (2)
2.7
3.3
(0.7)
(20.4%)
Debt to GBV
51.9%
48.5%
3.4%
7.1%
Notes: C$ Billions, unless otherwise stated. (1) Includes assets held for sale. (2) As defined in Q4 2023 MD&A. (3) $232m on a proportionate basis.
Source: Q4 2023 Supplemental
☑northwest
Sale of REIT's strategic
$135m investment in an unlisted
securities.
Repay Asset sale proceeds deployed
Debt
towards debt repayments.
NAV reduction primarily due to investment
property and global manager valuation
adjustments.
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