Investor Presentation February 2024
Commercial Real Estate
Commercial Real Estate (CRE) portfolio at $71.7B represents
11% of total Gross Loans & Acceptances (GL&A)
Portfolio is well-diversified across businesses, property types
and geographies
Well-managed with consistent and conservative underwriting
standards resulting in strong credit quality; investment grade
(54%), with low watchlist (3%) and impaired (0.7%)
Ontario 22%
CRE by Geography1
British Columbia 13%
Canada &
Others
52%
Quebec 6%
Alberta 5%
Nova Scotia 3%
$71.7B
Other Canada³
3%
CRE diversification by property type ($B)
Canada &
Property Type
U.S.
Total
Others
Multi-Residential
13.1
8.0
21.0
Industrial
6.1
6.2
12.2
Single Family Residence
6.0
1.9
8.0
Medical
Office
2.5
5.2
7.7
Office
Retail
3.3
3.5
6.8
15%
Hospitality, Healthcare & Diversified REITS
0.9
3.3
4.2
Mixed Use
3.0
0.6
3.6
Other²
Total Commercial Real Estate
2.2
6.0
8.2
37.0
34.7
71.7
REIT
Total Gross Loans and Acceptances
386.9
266.0
652.9
12%
Totals may not add due to rounding
1 Based on the location of the collateral or the borrower for REITS
2 Other includes Commercial Real Estate loans for self-storage, parking, marinas and other minor sub-categories
3 Other U.S. and Other Canada includes geographies that are each less than 2% of the total CRE GL&A
BMOM
Other U.S.3
21%
$7.7B
U.S.
48%
California 11%
Texas 6%
Arizona 2%
New York 3%
Florida 2%
Illinois 3%
Traditional Office
Urban
30%
Top 5 Cities
GL&A
Cities
($B)
Los Angeles, CA
0.37
Sacramento, CA
0.33
Bellevue, WA
0.27
Calgary, AB
0.26
Suburban
43%
Vancouver, BC
0.22
Investor Presentation ⚫ February 2024
34View entire presentation