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Brookfield Office Properties Inc 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 | 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

Comment by pierrelebelon Oct 23, 2024 5:58pm
179 Views
Post# 36279321

RE:Interest Rates

RE:Interest Rates
Good afternoon carena.

"This is all good news for our BPO prefs and I think this has been a huge tailwind for the resurgence in the BN group stock prices."

I agree.

On the Canadian interest rate scene, I do not see "higher for longer". Canada 5 year has been trading down to around 3.0% recently and I expect it will remain in a narrow range of 2.5% to 3.25% for the next few years.

In the meantime BPO is doing OK and it would not surprise me if they manage to get a higher credit rating from S&P within the next year. This would create a rush by "shorts" to cover their losing bets, leading BPO preferred to trade with a yield of 7% or less by year end 2025 (that works out to $24 for BPO.PR.T).

By the way, that 7% is not a pipedream, It is what BPO preferred shares were trading for a few years before the pendemic.

My wife and I have maintained our oversized position in BPO.PR.T and do not intend to sell any share in the near future.  They are a great investment currently yielding a tax advantaged 9.93% and more capital appreciation to come.

Good luck to all posters still holding.


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