Brookfield Office Properties Inc T.BPO.PR.A

Alternate Symbol(s): BRPPF | T.BPO.PR.C | BOPPF | T.BPO.PR.N | BKAAF | T.BPO.PR.P | BRKFF | T.BPO.PR.R | BROAF | T.BPO.PR.T | T.BPS.PR.U | T.BPO.PR.W | BRPYF | T.BPO.PR.Y | T.BPO.PR.X | T.BPO.PR.E | BKEEF | T.BPO.PR.G | BROPF | BKOFF | T.BPO.PR.I

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 > Looking for insights from long-time BPO peeps

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Comment by pierrelebelon Jan 16, 2024 7:20pm

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Post# 35830251

RE:RE:RE:RE:RE:Looking for insights from long-time BPO peeps

At $12.90 PWF.PR.A is not such a bargain in my book.

Current annual dividend is $1.26 ($0.315 per quarter) for a yield of 9.77% and we all know it will come down as interest rates (including bank prime rate) come down.

Looking at the long term chart, the last time these preferred shares traded at par was 2007/2008. They traded for a short time above $20 in 2019 when interest rates were almost 0%. And I do not think we will see such low rate again in our lifetime.

I prefer 5 year reset shares in the current environment. In addition to BPO A and T my wife and I recently purchased ECN.PR.C during their slump in December (yield was 12.7% at the time).

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