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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 > Wood Gundy: implied value of BPO/BPY = negative USD2.9b
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Comment by SONOFFERGUSon Mar 23, 2024 4:44pm
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Post# 35949015

RE:RE:RE:RE:Wood Gundy: implied value of BPO/BPY = negative USD2.9b

RE:RE:RE:RE:Wood Gundy: implied value of BPO/BPY = negative USD2.9bAnother potato for you!

If you crack BN's annual report you will find that they use Brookfield Property Group to describe their real estate business, which, as you should know, comprises BPY and its subsidiaries, including BPO.  BPG is most assuredly not a legal entity.

Ah yes, "you and others."  Reminds me of a logical fallacy I learned about in PHIL291. 

Regardless, others were and are correct.  You continue to conflate BN, as the consolidating entity for financial reporting purposes, with the legal entities it consolidates.  BN owns BPY, which in turn owns BPO, which issued the prefs you own and on which you continually report your "crazy" returns on cost.  Cool cool. BPY guarantees BPO's obligations under its preferred shares; BN does not, and hence the big (but, luckily for us, shrinking) discount of BPO to BN prefs.

You should write this stuff down somewhere so that I (and others, lol) needn't address it further.


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