Brookfield Office Properties Inc T.BPO.P.A

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

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.

TSX:BPO.P.A - Post by User

Brookfield Office Properties Inc > BPO.PR.N

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Comment by Carenaon Oct 27, 2023 5:15pm

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Post# 35705053

RE:RE:BPO.PR.N

Hi Pierre,

I understand all your commentary.

I think we agree that the T and N series are essentially identical securities with different reset dates.

A single share of T over N receives an extra $0.80 per share per year for the period March 2024 until June 2026 which is a total of $2 per share, and its discounted value is somewhat lower at say $1.50-$1.75.

It seems to me that the current pricing assumes rates collapse by 2026 and the N resets at the same rate as it did in 2021 when the 5 year bond was yielding 0.7%.

Either way, if one's position is BPY survives, both are screaming buys.

Thanks,
Carena

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