Brookfield Office Properties is organized as a Real Estate Operating Company (REOC). This corporate form allows the company to reinvest its profits in the business rather than distributions if that is determined to be in the better interest of shareholders. Brookfield Office Properties utilizes net operating losses (NOLs) to shelter the company from cash tax payments. Brookfield Properties is a commercial real estate corporation that owns, develops, and operates premier assets in the downtown cores of high-growth North American cities. Our signature properties define the skylines of many major metropolises including New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto, and Calgary. Brookfield Properties is a publicly traded company, and is listed under the ticker symbol BPO on both the New York and Toronto Stock Exchanges. From the World Financial Center in New York to Brookfield Place in Toronto, from Bankers Hall in Calgary to Bank of America Plaza in Los Angeles, Brookfield Properties' distinguished portfolio attracts major financial, energy and professional services corporations which have high credit ratings and maintain long-term leases. The company’s performance through the years is distinguished by strong, consistent financial results and a track record of steady growth.