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Sam Damiani

Research Analyst at TD Securities

Sam Damiani is a Research Analyst at TD Securities, specializing in equity research for the Canadian real estate and REIT sectors. He has covered companies such as CT REIT and Brookfield Property Partners, demonstrating a strong analytical track record in the industry with coverage responsibilities dating back to his start at TD Securities in 1997. Damiani holds the Chartered Financial Analyst (CFA) designation and focuses on delivering value-driven investment insights to institutional clients, with a reputation for thorough analysis and informed commentary on publicly listed property firms. Throughout his multi-decade career at TD Securities, he has established himself as a trusted expert in Canadian property markets, backed by professional credentials and deep sector experience.

Sam Damiani's questions to BPY leadership

Sam Damiani's questions to BPY leadership • Q4 2020

Question

Sam Damiani of TD Securities questioned the reasons for the North American office occupancy decline and sought an update on the planned disposition of the Bay Adelaide North property.

Answer

CEO Brian Kingston attributed the occupancy drop primarily to pre-planned tenant consolidations, with the impact magnified by a pandemic-induced halt in new leasing, rather than a structural shift in space demand. He noted tenants are currently favoring short-term renewals. Regarding Bay Adelaide North, Kingston confirmed it is being marketed and fits the profile of a highly sought-after asset (new, long-term lease), with more details expected next quarter.

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