Brookfield Office Properties Inc T.BPO.PR.A

It would make financial sense to Redeem BPO prefers

[CrazyTrader]

for sure to buy them back on the open market, but I don't expect Brookfield to do so.     I could be wrong, the T's might get redeemed at the end of the year, but I don't think so.   

Why companies (banks) don't buy back on the open market, but instead redeem for $25, I don't know.   Makes no financial sense.    

Maybe just lazy????

All just my opinion/view/thinking

[oilinvestor52]

I doubt they will redeem the T with the going rate on new money for real estate is 9%+. A reset at current 5-year is still cheapish money for real estate. I'm in at higher prices too afraid to average down

[CrazyTrader]

I was going to sell some shares and then buy back lower, instead of "averaging down", but the share price dropped too fast, too much..... I wasn't going to take that much of a loss. I'm in a very scary situation,   I'm almost all in on BPO.   Other than a very small position on HSE prefers,which now are CVE prefers, basically BPO is the only thing I'm

[oilinvestor52]

The CVE prefs are no brainer and highly likely to redeem.

[CrazyTrader]

CVE was smart.... when rates were near zero, they locked in new debt at low rates for something like 30 years.    Brookfield should have done this.    How much lower than Zero you want?    IMHO, it should have been a no brainer for Brookfield to issue as much debt at near zero rates for super long maturities. They drop the ball. All just my opinion/view/thinking