Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:BPO.PR.A - Post Discussion

Brookfield Office Properties Inc > Buyer pressure from redemptions

View:

Post by oilinvestor52 on Jul 15, 2024 8:54pm

Buyer pressure from redemptions

Another 3 bank prefs redeeming at month end. ETFs as I understand it have to deploy the capital back into the asset class when they receive capital from redemptions. Shrinking asset class with a constant stream of buying pressure from all the bank redeptions taking place. Makes BPO prefs very attractive.

519

Comment

Comment by Carena on Jul 16, 2024 11:09am

Hi there, It is hard to disagree that the pref share space is shrinking....not 100% sure that is a big positive for BPO prefs, but certainly not at all bad for them. Have a great day! Carena

267

Comment

Comment by oilinvestor52 on Jul 17, 2024 11:21pm

Very positive for all remaing Prefs.

256

Comment

Comment by pierrelebel on Nov 28, 2024 10:12am

"ETFs as I understand it have to deploy the capital back into the asset class when they receive capital from redemptions...." That is correct. However, because of their current poor credit rating BPO preferred shares are not eligible for most ETFs. The lower credit rating in late 2023 caused BPO preferred shares to drop substantially when they were unloaded by investors and ETFs. ...more

Comment

Comment by Carena on Nov 28, 2024 12:16pm

Hi Pierre, You have been consistently accurate on the T series forever and here we are watching it reach for the $18's again. As for ECN, I do not share your optimism as I have never touched anything connected to Steve Hudson after Newcourt Credit blew up years ago. I hope they redeem for you in 30 months and the chart looks good! Have a great day, Carena

Comment

Brookfield Office Properties Inc