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

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TSX:BPO.PR.A - Post Discussion

Brookfield Office Properties Inc > BN Results

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Post by Carena on Nov 14, 2024 8:35am

BN Results

Good morning,

BN results are out and the stock is trading up 6-8% in pre-market.

It definitely seems like Bruce thinks BPY has weathered the storm well and his tone on real estate has definitely changed in his shareholder letter.

Link to shareholder letter:
https://bn.brookfield.com/sites/brookfield-bn/files/BN-IR-Master/Letter-to-Shareholders/2024/BN%20Q3%202024_Ltr_to_Shareholders_F.pdf

At the end of the day, I was the one on this board saying Brookfield is a "show me" story....I still think it is but the market would disagree. I will feel bullish when I can read the BPY financials and they make sense to me..

However the main commitment from Bruce that I latched onto was that all real estate properties that required financings in 2024 would happen quietly and this seems to be the case. I find it interesting that the first statement in the shareholder letter is that they completed $30 billion in financings. I do not think BPY property issue since Feb 2023.

Still very long BPO preferreds,
Carena

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