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Nervous markets await NvidiaThere is a bid for the parent company to take this private. Brookfield has done this many times. They put in one bid, and then they sweeten it later. He doesn’t think they are going to sweeten this one. If you have a better place for the money, he thinks you would be fine taking the superior bid and redeploy the money.
80% controlled by the Brookfield entities. This is core Class A Ontario and Calgary offices. There is strain on the Calgary side, but have very long-term leases and developments going on. In Toronto, offices continue to trade at incredibly high valuations. There is German and Asian money that is very willing to come into Canada, so there is great safety in this company. A safe investment with a yield just under 5%.
This is an example of how you can upgrade your portfolio. Look for the highest quality assets that you can find in the market, and buy them because they have traded down with the market. This is the trophy real estate company in Canada. Highest quality real estate in Toronto. Dividend yield of 5.09%.
They have developments going on in Alberta, but believes they are 85% pre-leased, so in a sense, they don’t have that same economic risk. The office market in general is under strain, in that there are too many buildings going up, and not enough tenants to keep those buildings occupied, especially in Calgary. He owns the parent Brookfield Asset Management and the sub parent Brookfield Property Partners.
(A Top Pick Aug 12/14. Down 4.73%.) Trading at a massive discount to NAV. At some point he feels Brookfield Property Partners (BPY-T) will eventually take this in. This represents probably the highest quality office portfolio in Canada, largely urban properties that have really good tenants, where you don’t have to worry about a significant increase or decrease in occupancy.
Brookfield Office Properties Ltd is a OTC stock, trading under the symbol BOX.UN-T on the (). It is usually referred to as or BOX.UN-T
In the last year, 1 stock analyst published opinions about BOX.UN-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Brookfield Office Properties Ltd.
Brookfield Office Properties Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Brookfield Office Properties Ltd.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Brookfield Office Properties Ltd In the last year. It is a trending stock that is worth watching.
On , Brookfield Office Properties Ltd (BOX.UN-T) stock closed at a price of $.
The market is avoiding office real estate, uninvestible for now. The preferreds should be more resilient, because Brookfield is a strong company.