TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Oct 26, 2023 1:10pm
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Post# 35702466
RE:RE:What a joke it is if Brookfield/BPY don't buy their prefers
RE:RE:What a joke it is if Brookfield/BPY don't buy their prefersAssets up $17 Billion, I think that's a good thing. Company doing something "Big:. Something "Big" needs to be done to address the "Big" change in interest rate/expense.
At least it seems the company has a plan and actively doing something Big.
At 17% yield and 30% reset yields, I think buying the Prefers for investment, not to cancel them, would be a good financial decision in addition to buying more assets/buildings with the $17 Billion. Don't know if that is allowed.
I assume that's what the company is doing, buying more buildings, profitable buildings, while deciding what to do with the non-profitable ones. I wouldn't want to let go any "class A" buildings, but if it's losing money, can't get higher rents, can't sell it for profit, hand the keys back.
If this is their strategy, a lot more capital will be needed to offset the losses on buildings they don't hand back the keys to and continue to take losses.
It takes time to "RESET".
All just my opinion/view/thinking/guessing