Brookfield Office Properties Inc T.BPO.PR.W

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 | 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

<< Previous

Bullboard Posts

Next >>

Post by Spiderdonon Oct 03, 2024 8:32am

248 Views

Post# 36251268

BPO story progressing nicely

Last quarter 1.471B of recourse debt was paid off and 1.9B YTD, this was done from direct support from BN as well as asset sales. This is significant for two reasons, firstly it address one of S&P concerns for the credit down grade which was 2.3B in recourse debt maturities for 2025. Secondly it shows explict support from BN corporation to provide liquidity for BPY debt maturities and that they are not going to strand BPY by sucking out all the cash flow and leaving the recourse debt. As more assets are transferred to the insurance book the balance sheet will continue to normalize and the BPO preferreds should start to trade inline with other public entity prefs. Still lots of room left in BPO's the other public entities that have recently re-set are all yielding <8% and some <7%.

<< Previous

Bullboard Posts

Next >>

AI companies to invest in