Brookfield Office Properties Inc T.BPO.PR.X

RE:RE:RE:Why the C's traded above par for several years?

[SONOFFERGUS]

But but but CRAZY, what you describe as "right in front of you" is in the rear-view mirror.

It is easy to decide what would have been best with the benefit of hindsight.  

I bought a bunch of different BPO series in December in the hope that (1) tax-loss selling had pushed prices down too far and (2) 2024 would bring investors back to real estate given the general view that interest rates would moderate.  That turned out to be a great bet.  The NCIB added massively to the price appreciation ofc, and that was not on my radar.

But here we are, looking forward.  Are these prefs going to push up or languish?  Great performance in Q1 and treading water for Q2.  Are they better held in margin for DTC or TFSA for tax-free gains?

You've provided zero basis for further gains beyond endless reporting of reset yields.  Why do you think they can push up after stalling out so hard?  How are you comparing BPO implied credit spreads to comparables?  "12% reset is so high" does not an analysis make.

Do more homework, come back with a thesis.