Brookfield Office Properties Inc T.BPO.P.A

Alternate Symbol(s): T.BPO.P.I | BRPYF | T.BPS.P.U | T.BPO.P.N | BROAF | T.BPO.P.P | T.BPO.P.R | BOPPF | T.BPO.P.T | BRKNF | BKEEF | T.BPO.P.W | BROPF | T.BPO.P.X | BKAAF | BKOFF | T.BPO.P.Y | T.BPO.P.C | T.BPO.P.E | T.BPO.P.G | BRKFF | BRPPF

Brookfield Office Properties Inc is a real estate investment firm. It acts as owner, operator, and developer of office and multifamily assets. The office property division defines the skylines of dynamic cities around the world, including gateway cities such as New York, London, Berlin, Toronto, and Sydney and the multifamily business owns, develops, renovates and manages approximately 40,000 high-quality rental apartment buildings in supply constrained markets of major cities such as New York and London, as well as high growth markets in the suburban U.S. In addition, it caters to tenants in financial services, government, and energy and resource sectors.

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Brookfield Office Properties Inc > Brookfield Office Properties Inc preferreds pay between 4.64

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Comment by pierrelebelon Mar 26, 2022 11:34am

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Post# 34548170

RE:Brookfield Office Properties Inc preferreds pay between 4.64

Took an opening position in Brookfield Properties yesterday purchasing 1,000 BPO.PR.T at $21.05

With an annual dividend of $1.34, the current "tax advantaged" yield is 6.38%

The kicker is that these preferred shares are "five year reset" due to reset in December next year (21 months from now). With interest rates on the rise, one can expect the Bank of Canada rates to be about 2% higher by December 2023 resulting in a substantial increase in the quarterly dividend payable on BPO.PR.T for the following five years.

Or Brookfield may decide to save on higher dividend payments by calling the shares at $25.00.

Either way, a fairly safe conservative investment with above average yield and capital appreciation potential.

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