Brookfield Office Properties Inc T.BPO.PR.A

This paying a dividend to common shareholder only for them

[CrazyTrader]

to give the money back and equity issued to them is just basically an inefficient dividend cut to me.   The TAXMAN must LOVE this.   

Kind of like where interest on Debt can be written off, but Dividends on Prefers (perpetual capital)  can not.  

So much inefficient decission making going on.     I guess perception is more important than efficiency.

[SONOFFERGUS]

Back to your area of expertise I see -- armchair CFO. Here's my investment thesis: BPY/BPO's financial health is improving.  Rates are coming down globally.  NOI is going up, cap rates are going down, long-term investors are taking notice (see Vornado chart as a proxy for BPY common).  At some point BPY/BPO will be a good credit again. BN guys and gals are smart.