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Brookfield Office Properties Inc T.BPO.PR.T


Primary Symbol: T.BPO.PR.A Alternate Symbol(s):  T.BPO.PR.R | BKAAF | T.BPO.PR.W | BRPPF | BKOFF | T.BPO.PR.X | BRKFF | T.BPO.PR.Y | BRPYF | T.BPO.PR.C | 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 pierrelebelon Jun 05, 2024 12:04pm
133 Views
Post# 36073372

RE:RE:Lower Interest Rate Anticipation in Canada

RE:RE:Lower Interest Rate Anticipation in Canada
Good morning SONOFFERGUS.

"Huge move.  "

Yes it has been a HUGE move in Canada 5 year bond yield - from 3.81% last Thursday morning (May 30) to 3.41% this morning.  More than most expected.

".... by the end of the year, where will GoC5 be?"

As stated a few months ago when trying to anticipate the value of "A" vs "T", I still project a Canada 5  year rate of 3.00% to 3.25% by December 2024. On that basis, as I tried to explain to Crazy, it made no sense to me to speculate (gamble) and buy "A" instead of "T" (11.3% yield for the next five years).

I am now looking at BPO.PR.C which resets two years from now (July 2026).  I may, over time based on market conditions, reduce our holdings of "T" and replace them with "C".  No rush to move on that, it is just an interesting possibility.


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