Brookfield Office Properties Inc T.BPS.PR.U

Primary Symbol: T.BPO.PR.A Alternate Symbol(s): T.BPO.PR.T | BKOFF | T.BPO.PR.W | BRPPF | 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 | BKEEF | T.BPO.PR.N | BROPF | BOPPF | T.BPO.PR.P | BKAAF | T.BPO.PR.R

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.

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Brookfield Office Properties Inc > Dividends are in the account.

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Comment by Carenaon Mar 29, 2024 12:42pm

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Post# 35960213

RE:Dividends are in the account.

Hi Pierre,

I understand your work and agree with your logic.

The A's closed at $13.92 yesterday and the T's closed at $15.18. The spread on the A's are T's are the same and there is no floor on both...correct?

So your analysis is concluding, the market has it about right. That is, because the T's are a bird in the hand, the A's have a bit more interest rate risk. And to expand, for example, the N's are @$11.25 per share because they are 2 years from reset and thus more interest rate risk yet again.

Anything I am missing? Because I am confused why you think the A and T spread will increase in next 60 days to $3 per share.

The BPO prefs are great securities!

Carena

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