Brookfield Office Properties Inc T.BPO.PR.A

Interest Rates

[Carena]

Good morning,

A blurb....

The 5 year chart on the US 10 year shows a "higher for longer environment" and I think is a healthy thing for the US economy.  I think it is even healther that what appears like a "soft landing" is against a backdrop where the Fed continues its monthly US$35 billion QT program.

In regards to BPY/BPO, it is becoming more clear that office assets seem to have bottomed.  I have stated previously that my BPY proxies through its troubles have been SLG and VNO.  Both of these stocks are up dramatically this year and have actually continued to climb during the 10 year yield spike since the Fed meeting back in September.  All this could change but it certainly seems like things are pointed in the right direction.

Personally, I have not seen one front page article in months and months about some company "giving the keys back on buildings" or "gating of redemptions" in real estate funds.  Furthermore, concerns about office loan exposures in the U.S. banking system seem to have settled as both the money center banks and regional bank share prices have seen solid gains this year along with solid earnings reports.

This is all good news for our BPO prefs and I think this has been a huge tailwind for the resurgence in the BN group stock prices.

Have a great day,
Carena

[CrazyTrader]

Higher for Longer Great for BPO Prefers Rates but TERRIBLE for the Company.  Stay in Prefers as Commons are bleeding RED and will most likely continue to do so.     Expect Massive Losses to continue with BPY/BPO. A Jumbo Rate cut is expected by BOC today, but that will do little for BPY and borrowers in general as borrowing rates remain high dispited Central banks dropping

[Carena]

Not trying to pile on but......I feel a need to push away certain people who pollute my posts.   "Higher for Longer Great for BPO Prefers Rates but TERRIBLE for the Company." I said higher for longer for the USA, not necessarily Canada though.  I could envision a world where Canada rate policy deviates from the USA and the Cdn dollar gets trashed.  This would be an

[CrazyTrader]

Delusional Carena....  It's the U.S.A. market/rates that probably matters most to Brookfield, not Canada. Yes BPY commons were taken up by BN, but most people are DIVERSIFIED in other REITS, like yourself probably!! LOL.  Holding COMMON shares.      When the "market" thinks it's "all clear", that's when you should worry the most! 

[Carena]

"While you still hold some shares..." LOL!

[pierrelebel]

Good afternoon carena. "This is all good news for our BPO prefs and I think this has been a huge tailwind for the resurgence in the BN group stock prices." I agree. On the Canadian interest rate scene, I do not see "higher for longer". Canada 5 year has been trading down to around 3.0% recently and I expect it will remain in a narrow range of 2.5% to 3.25% for the next few