Brookfield DTLA Fund Office Trust Investor stock dropped to $1.32 a share on Tuesday, landing the fund below the $15M market cap that can trigger delisting after a sustained period.

The $1.32 recorded at Tuesday’s closing bell puts the fund’s market capitalization at about $12.9M, based on its 9.7 million shares of preferred stock outstanding at the end of September.

The stock closed Monday at $1.73, the first time it ever traded at less than $2 a share, The Real Deal reported.

Right before the onset of the coronavirus pandemic, the stock for the fund, which owns 7.6M SF across six office towers and a retail center in Downtown Los Angeles, had been trading at closer to $20 per share. By early 2022, shares had dropped below $10. The entity’s shares were around the $4 mark earlier this year until the mid-February news of defaults on $784M worth of loans secured by two Downtown Los Angeles towers pushed things further downhill.

The New York Stock Exchange can begin the process of delisting any stock that trades for less than $1 per share for 30 days in a row or has an average market cap of less than $15M for the same duration.

Earlier this month, WeWork stock was trading for several days in a row at less than $1, and the specter of delisting was raised. Its shares were at $1.07 at the market's close Tuesday. Its market capitalization, at $769.1M, is well above the threshold.