Bullboard - Stock Discussion Forum Brookfield Office Properties Inc T.BPO.P.A

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

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... see more

Add To Watchlist

TSX:BPO.P.A - Post Discussion

Brookfield Office Properties Inc > Looks like some of the Prefers are starting to move UP

View:

Post by CrazyTrader on Jun 03, 2023 8:00am

Looks like some of the Prefers are starting to move UP

It will be interesting to watch the " T's " given the short volume.

I think the Crazy Shorts are still shorting... Guessing past few weeks they targeted the "C and E"..

You got to be CRAZY.... You are looking at getting/paying FOREVER MINIMUM YIELD of about 10.625% on the E's at $12. That's Minimum Forever basically, even if the 5 year rate goes to Zero.

Just CRAZY.

All just my opinion/view/thinking/guessing... could be wrong, after all I'm the "Crazy" Trader.

274

Comment

Comment by navajojoe on Jun 03, 2023 8:58am

I have to wonder why on earth anyone would short these preferreds, as they are guaranteed by Brookfield.

116

Comment

Comment by CanSiamCyp on Jun 03, 2023 4:38pm

NJ: We all want to believe that they are guaranteed by Brookfield Corporation (BN) .... cuz they are a BN subsidiary ... but that is not a 100% guarantee. And be assured that I am not a shorter .... holding abt $250k of 2 BPO prefs in our non-registered account. So I really really do not want to encounter a default or dividend suspension!!! Cheers!

113

Comment

Comment by navajojoe on Jun 03, 2023 5:05pm

Somewhere in the last few weeks I was reading a prospectus, or some other document, and it indicated that all of the preferreds were backed 100% by Brookfield itself, or something to that effect. I really don't see the whole conglomerate collapsing. If I am off base on that, I would welcome some direction to the contrary.

102

Comment

Comment by CanSiamCyp on Jun 03, 2023 8:44pm

NJ: Given the byzantine corporate structures used within the Brookfield entities, I'm not sure if anyone can address this issue definitively. Absolutely, subsectors like Brookfield Renewable and Brookfield Infrastructure will not collapse. However, if office real estate proves to be a drag on the entirety, could BN default on BPO obligations ... rather like amputating a gangrenous toe to save ...more

117

Comment

Comment by navajojoe on Jun 03, 2023 9:15pm

Thanks. I was just wondering if you had read what I saw. I guess I'll have to get off my azz and try to find it again. If I do, I will post it here.

Comment

Comment by CrazyTrader on Jun 04, 2023 8:08am

CanSiamCyp, just my opinion, IF BN is now a Guarantor, then I'm guessing the answer to your question is NO, unless BN goes bankrupt. Just my opinion. But if BN is not a Guarantor, then I'm guessing the answer to your question is YES, the subsidary cut along with BPO Guarantor. But there are several Guarantors... I think 8 in total. So, that the BIG ...more

115

Comment