布鲁克菲尔德 2025年度报告

Consolidated Financial Statements ANNUAL REPORTFOR THE YEAR ENDED DECEMBER 31, 2025 TABLE OF CONTENTS Financial Statements (Unaudited).Consolidated Balance Sheetsas of December 31, 2025 and 2024Consolidated Statements of Operationsfor the twelve months ended December 31, 2025 and 2024Consolidated Statements of Stockholders’ Deficit FINANCIAL INFORMATION BROOKFIELD DTLA FUND OFFICE TRUST INVESTOR INC. CONSOLIDATED BALANCE SHEETS (continued)(Unaudited; in thousands, except share amounts) CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT(Unaudited; in thousands, except share amounts) BROOKFIELD DTLA FUND OFFICE TRUST INVESTOR INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) The following is a reconciliation of Brookfield DTLA’s cash, cash equivalents and restricted cashat the beginning and end of the years ended December 31, 2025 and 2024: BROOKFIELD DTLA FUND OFFICE TRUST INVESTOR INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) As used in these notes to consolidated financial statements, tabular amounts are presented inthousands, except share amounts, percentage data and dates. Note 1—Organization and Description of Business Brookfield DTLA Fund Office Trust Investor Inc. (“Brookfield DTLA” or the “Company”) is aMaryland corporation and was incorporated on April 19, 2013. Brookfield DTLA was formed for thepurpose of consummating the transactions contemplated in the Agreement and Plan of Merger dated as ofApril 24, 2013, as amended, and the issuance of shares of 7.625% Series A Cumulative RedeemablePreferred Stock (the “Series A preferred stock”) in connection with the acquisition of MPG Office Trust,Inc. and MPG Office, L.P. (together, “MPG”). Brookfield DTLA is a direct subsidiary ofBrookfield DTLA Holdings LLC, a Delaware limited liability company (“DTLA Holdings”, and togetherwith its affiliates excluding the Company and its subsidiaries, the “Manager”). DTLA Holdings is an As of December 31, 2025, Brookfield DTLA owned Bank of America Plaza (“BOA Plaza”),EY Plaza, Wells Fargo Center–North Tower and Wells Fargo Center–South Tower, which are Class Aoffice properties, and FIGat7th, a retail center. Additionally, Brookfield DTLA Fund Properties II LLC(“Fund II”) has a noncontrolling interest in an unconsolidated real estate joint venture withBrookfield DTLA FP IV Holdings LLC (“DTLA FP IV Holdings”), a wholly-owned subsidiary ofDTLA Holdings, which owns Beaudry (previously known as 755 South Figueroa), a residentialdevelopment that was substantially completed in May 2023. All of these properties are located in the During the second quarter of 2023, EY Plaza was placed into receivership by court due todefaults on loans secured by this property. In April 2025, lenders of the mortgage loan secured by BOAPlaza initiated a judicial foreclosure process following the maturity default on the loan. In June 2025, Table of Contents BROOKFIELD DTLA FUND OFFICE TRUST INVESTOR INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(Unaudited) Note 2—Basis of Presentation and Summary of Significant Accounting Policies As used in these consolidated financial statements and related notes, unless the context requiresotherwise, the terms “Brookfield DTLA,” the “Company,” “us,” “we” and “our” refer to Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements and related notes have been prepared inaccordance with generally accepted accounting principles in the United States of America (“GAAP”). Theconsolidated balance sheets as of December 31, 2025 and 2024 include the accounts of Brookfield DTLAand subsidiaries in which it has a controlling financial interest. All material intercompany transactions Liquidity and Going Concern The consolidated financial statements have been prepared in accordance with GAAP applicable toa going concern. The going concern basis of accounting is dependent upon the Company's ability toeffectively implement plans related to the secured debt currently in default and the secured debt thatmatures within one year after the date of the issuance of the annual report. This presentation contemplatesthe realization of assets and the satisfaction of liabilities in the normal course of business and does notinclude any adjustments relating to the recoverability and classification of recorded asset amounts or theamounts and classification of liabilities that might result from the outcome of the uncertainties BROOKFIELD DTLA FUND OFFICE TRUST INVESTOR INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(Unaudited) As of December 31, 2025, the Company had $1,539.3 million of total consolidated debt,including $1,477.6 million in default as of December 31, 2025, and $61.7 million maturing in April 2026.Our substantial indebtedness requires us to use a material portion of our cash flow to service interest onour debt. The Company has experienced a decline in occupancy since the onset of the COVID-19pandemic as tenant l