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.

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Brookfield Office Properties Inc > B.O.C. Interest Rate Announcement

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Comment by SONOFFERGUSon Jul 23, 2024 5:58pm

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Post# 36145188

RE:B.O.C. Interest Rate Announcement

Hi Pierre.

I agree with you on both points. GoC5 has fully priced in 25bps IMO. Future cuts will be measured and the policy should settle in a rational spot -- 300bps? -- by the end of next year absent some sort of global crisis. If GoC5 stays put, we'd be back to a normal yield curve. I don't think long bonds have much room to strengthen given higher yields for the US and other western countries (ex Japan ofc).

I note that BPO.PR.A faces just three more rate announcements before reset. If the cuts are 25bps x 3, what will GoC5 be with a 4% policy rate? I don't think there is much downside to worry about here.

Best,

Sonoffergus

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