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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, 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

Brookfield Office Properties Inc > HUGE increase in Shorts as of April 30, 2024
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Comment by Carenaon May 07, 2024 6:21am
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Post# 36026323

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

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

Thanks for the information.

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

Firstly, I do not think it is an alarming increase but I do think negativity still surrounds Brookfield's real estate assets.  

The BPO prefs have recovered strongly from the lows.....for example, the N series is up 100%.  It could just be that some short sellers covered their shorts for a solid gain months ago and they are putting the trade back on.  I am doing the same from the long side (ie bought low and monetized some gains and if it goes back down, I will put the trade back on).

Also, could be more of that arbitrage.....sell short one BPO pref series and buy another.

It will be interesting to watch as we go forward.

It was nice to see BPY declare its next set of dividends.  

I still own over 90% of my original positions.....the divs are just too good!

Have a great day,
Carena


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