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Brookfield Office Properties Inc T.BPO.PR.C


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

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

Comment by Carenaon May 10, 2024 6:05pm
158 Views
Post# 36034620

RE:HUGE increase in Shorts as of April 30, 2024

RE:HUGE increase in Shorts as of April 30, 2024Hi Pierre,

Do the shorts know something the rest of us do not?

I think we received the answer to your question today.

Veritas Research has come out with a sell rating on BN today, and they were citing a 400% payout ratio by BPY to BN in the first quarter and a 65% decline in FFO on a TTM basis.  Veritas is a reputable firm, IMO.

Nonetheless, I read the BN supplemental from its release yesterday and I didn't notice anything drastically different from recent quarters.  But I can certainly see how some investors received this info in advance and went and shorted the BPY and BPO prefs.  

Be sure, there are still lots of Brookfield detractors out there

Have a great weekend,
Carena
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