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Brookfield Office Properties Inc T.BPO.PR.A

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

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 > BN controls 100% of BPY. BPY made the Guarantee, not
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Comment by Carenaon Mar 26, 2024 5:54pm
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Post# 35954113

RE:RE:BN controls 100% of BPY. BPY made the Guarantee, not

RE:RE:BN controls 100% of BPY. BPY made the Guarantee, notHi Sonoffergus,

Excellent stuff! 

Couple of comments from me:

(i) So if BN has to literally steal from BPY, well, then BN is going down too and the whole game is over and our pref shares will go to zero.

(ii) This entire guarantee agreement was negotiated between BPY board members and BPO board members which was a rubber stamp.  A couple of independent directors back in 2016 when Brookfield et al was booming were not going to upset the apple cart.  Such a situation in 2024 could well be a different game all together as BN is weaker today than in 2016, IMO. 

Thank you!

Carena
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