Brookfield Office Properties Inc T.BPO.PR.G

BPO Preferred UP, UP and AWAY...

[pierrelebel]

All nine issues of BPO 5 year reset preferred shares closed up today, as they did yesterday.

Better yet many closed at their 12 month high.

All is good.

[Carena]

Hi Pierre, Definitely feels like a slow melt up.....the BPY preferreds have also been moving up nicely. Have a great night, Carena

[SONOFFERGUS]

Perhaps Bruce's words at investor day reinforced the thought that BPO is golden -- at least for this cycle! I do think that we're going to have a pretty quick flip from fear to FOMO.  Those reset spreads look awfully attractive to me given the improving credit picture and lower (but not ZIRP, TYVM) rates.

[pierrelebel]

For a third consecutive day, all nine BPO five year reset preferred share issues were UP at the end of the trading day on the TSX. Four of them traded at a new 52 week high. Not bad.... not bad at all.

[pierrelebel]

INCREDIBLE!!!! For the fourth consecutive day ALL nine BPO five year reset preferred share issues were UP at the end of trading on the TSX with seven of them trading at a new 52 week high! It is getting better day by day! Hopefully everyone here is enjoying the wave with no intention of selling anytime soon.  As long as indications remain for lower interest rate, those perferred shares

[Carena]

Hi Pierre, I was actually waiting for your post!  :) The BPO prefs look to be going on a run based on this recent history. I have not sold anything for months now. Your consistent positive conviction tempers my propensity to be cynical.  Lol. Have a great weekend, Carena 

[pierrelebel]

WOW! For the fifth consecutive day ALL nine BPO five year reset preferred share issues were UP at the end of trading (4:00pm) on the TSX with eight of them trading at a new 52 week high! It is getting better day by day! Hopefully everyone here is enjoying the wave with no intention of selling anytime soon.  As long as indications remain for lower interest rate, those perferred shares will

[Carena]

Hi Pierre, When these things run they really run! Have a great night, Carena

[oilinvestor52]

these prefs share momentum track REIT's, which are up about 20% just like the BPO prefs during same time period. In a way, the BPO prefs are like a hybrid reit except precieved to be a safer investment. With this said, I sold reit's today and replaced with more BPO prefs