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Brookfield Office Properties Inc T.BPO.PR.A

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

Brookfield Office Properties Inc. is a global office property company. The Company owns, manages, and develops premier assets in the resilient markets. The Company's signature properties define the skylines of dynamic cities around the globe, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, London, Berlin, Sydney and Perth. From Brookfield Places in New York City, Toronto and Perth to Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, its distinguished portfolio attracts financial, energy, government and professional service organizations which have high credit ratings and maintain long-term leases.


TSX:BPO.PR.A - Post by User

Brookfield Office Properties Inc > BPO.PR.N
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Comment by Carenaon Oct 27, 2023 5:15pm
213 Views
Post# 35705053

RE:RE:BPO.PR.N

RE:RE:BPO.PR.NHi 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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