Brookfield Office Properties Inc T.BPO.PR.A

Easiest Way To Tell If Preferreds Are Probably OK....

[CrazyTrader]

If people are still buying the Common Shares, if the Common Shares still have a lot of value (share price/market cap) given by the market and by the balance sheet......

Then the Preferreds are probably ok.

Right? Doesn't that make sense?   

Sure back in March 2020 Husky's share price (commons and preferreds) dropped, but people still buying the commons giving the common equity value in the Billions........   It didn't make sense for the Preferreds to drop giving a yield of 16%+.     

Commons participate in the profits of the company, it's value is based on the value of the company.

Preferreds are like debt. It doesn't participate in the profits of the company.  It doesn't make sense that the share price goes up and down like a yo yo in tandem with the commons.

So, why should BPO preferreds have such a high yield over all the other preferreds out there??
Is BPY going bankrupt?

I don't think so, the market just crazy, just like back in March 2020 with the Preferreds.

All just my opinion/view/thinking

[pierrelebel]

"If people are still buying the Common Shares," Common shares of Brookfield Office Properties (BPO) have not been trading since they were all taken over by Brookfield Properties Partner (BPY) six or seven years ago. "So, why should BPO preferreds have such a high yield over all the other preferreds out there??" The market is not  crazy. It is easy to check the charts

[CrazyTrader]

"...but we are holding preferred shares in BPO, not BPY" IMHO, these are effectively BPY Preferreds as BPY guarantees them.   I don't think anyone thinks BPY or Brookfield going Bankrupt.   So Yields on BPO Preferreds unreasonably high, over above other preferreds.    Yes, all of BPO shares dropped after the LA default, but is that reasonable