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Brookfield Office Properties Inc BRPYF


Primary Symbol: 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 | 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

Comment by Carenaon Mar 26, 2024 11:21pm
238 Views
Post# 35954559

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

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

The insurance transfers are a perfect example. 

You said,  "I feel like a privatization or a recap have to be bubbling up on the list of alternatives.  Am I thinking about this right?"

Truth is, it is up to the complete discretion of you guessed it, Bruce Flatt.  This is the risk of holding these securities.  If one does not trust Flatt, then one needs to get out.  Simple as that.  The junk rating spoke volumes.  The NCIB makes me feel a little better.

I suppose the independent directors could revolt....technically, they are in control as they have 3 of 5 votes.  Maybe they are being disruptive.  As I said in an earlier post, Brookfield 2024 is weaker than Brookfield 2016.

Hopefully I answered your question,
Carena
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