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Bullboard - Stock Discussion Forum Brookfield Office Properties Inc T.BPS.PR.U


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 | T.BPO.PR.C | BROAF | T.BPO.PR.E | T.BPO.PR.G | T.BPO.PR.I | 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... see more

Bullboard (TSX:BPO.PR.A)

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Post by CrazyTraderon Apr 25, 2024 6:25pm

BPYP.PR.A matures on July 26, 2081. It can be redeemed

under several conditions before maturity.    I think one of the conditions have been met already.    So, I think if Brookfield wants to redeem them now, they could, but like ...more  
Comment by oilinvestor52on Apr 25, 2024 6:20pm

RE:RE:Brookfield should just call BPY.PR.A Prefers... Debentures

What would happen to the other BPO prefs if they redeem the "A"s. Perhaps unlikely but would be a pleasant surprise.
Post by CrazyTraderon Apr 25, 2024 6:08pm

Brookfield should just call BPY.PR.A Prefers... Debentures

or a loan.    I think they mature, are not perpetual.    This way you can call the dividends as interest and expense it off............ and pay LESS TAX. Oh wait, I think they ...more  
Comment by CrazyTraderon Apr 25, 2024 5:45pm

RE:RE:RE:Remember, Prefers "cost" more than debt... company can't

Sounds like Double Taxation.....  Triple Taxation once paid to you and you have to pay tax again on the dividend.   OH, Dividend Tax Credit isn't all that's cracked up to be... ...more  
Comment by pierrelebelon Apr 25, 2024 5:35pm

RE:RE:Remember, Prefers "cost" more than debt... company can't

Good afternoon SONOFFERGUS Preferred shares are not for everyone.  It is important to fully understand what they are.  I came across an interesting paper prepared by SLC Management ...more  
Post by CrazyTraderon Apr 25, 2024 5:34pm

Issuing RESET Prefers with High Fixed Base Rate

back when interest rates near ZERO...... Now that's an idiot move.   Smart move would be to issue as much perpetual Prefers (non-reset) as possible at that time and/or take out as much ...more  
Comment by CrazyTraderon Apr 25, 2024 5:19pm

RE:RE:Remember, Prefers "cost" more than debt... company can't

RESET Prefers were isssued because back then interest rates were going down down down down down.... So, the cost (dividend payments) on them would become smaller smaller smaller.   For the ...more  
Comment by SONOFFERGUSon Apr 25, 2024 4:45pm

RE:Remember, Prefers "cost" more than debt... company can't

Yes, CRAZY, companies are idiots for issuing prefs and should redeem them immediately! If you can't make sense of why pref shares exist, you should not invest in them.  Full stop.  ...more  
Post by CrazyTraderon Apr 25, 2024 2:41pm

DTLA Prefers Repurchased???

Again looking at page 4, Cash Flow Statement, I noticed a line      Repurchases of Series B preferred interest dtlapr-20220930 (sec.gov)
Post by CrazyTraderon Apr 25, 2024 2:36pm

Surprise no one else picked up how DTLA was Operating

CASH FLOW POSITIVE !!!!  for 2022, 2021 I believe.    Page 4.   go see for yourself. https://www.sec.gov/Archives/edgar/data/1575311/000157531122000020/dtlapr-20220930.htm ...more  
Post by CrazyTraderon Apr 25, 2024 2:26pm

I do not expect any other BPO's to be redeemed but do expect

the NCIB buyback to continue and the tree to be shook harder to have more sellers fall out of the tree and hand their shares over at these crazy stupid low prices. Just look what happened back on ...more  
Post by CrazyTraderon Apr 25, 2024 2:17pm

Remember, Prefers "cost" more than debt... company can't

expense off Prefer dividends while they can expense off interest on debt to pay less TAX.   I'm guessing come 2026 the C's going to cost the company maybe close to 10%  or $2 ...more  
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