Brookfield Office Properties Inc T.BPO.PR.A

RE:RE:Interest Rates

[Carena]

Not trying to pile on but......I feel a need to push away certain people who pollute my posts.  

"Higher for Longer Great for BPO Prefers Rates but TERRIBLE for the Company."

I said higher for longer for the USA, not necessarily Canada though.  I could envision a world where Canada rate policy deviates from the USA and the Cdn dollar gets trashed.  This would be an example of the currency market making sense of say Toronto real estate prices vis a vis  San Diego...lol!

"Stay in Prefers as Commons are bleeding RED".  

FYI, the "Commons" were taken up 100% by BN in 2021.  Your point is irrelevant.

"Expect Massive Losses to continue with BPY/BPO."

My main point in my post was that the market for office properties seem to have bottomed and while high interest expense is painful, the market (not me) seems to be pointing to brighter days ahead for NOI.  Furthermore, my other main point is it seems like the perceived settling down of commercial real estate risks have been a huge tailwind to Brookfield group stocks this year.  That is, the market is no longer expecting "massive losses".

Finally, you have proven time and time again, you do not understand financial statements nor do you take the time to do the work.  Indeed you have professed your lack of understanding of the BPY financials and I think the reason why you sold all your BPO pref stock.  This makes your broad brush statements irrelevant.

Carena