Brookfield Office Properties (BPO.TO)

At these levels it is a good buy. They will fill the office space that will become vacant shortly. The revenue stream will come back on line. They are about to spin off their real estate division. Thinks they will combine with Brookfield Asset Management. 3.4% yield.

Good company. Premier towers in every city in Canada. 60% in central Canada and 40% out West. Definitely at the high end. Decent yield of about 4% and increased their dividend by 8% this year. They can also roll over their debt at lower rates.

Feels the NAV is about $19 and is trading at a significant discount to that. Good example of what you can get when you look beyond Canada. New York properties are being impacted by one of their major tenants leaving and they’ll have to back fill that space once the lease is up in 2013. Once they do that he expects the stock will snap back up to $18-$19 quickly.

Brookfield Office Properties 4% 4/16/2018. Lower Manhattan, well managed. Triple 'B' high so investment grade.

Doing a wonderful job. At some point inflation is going to pick up and real estate generally is going to be one of the beneficiaries.

Great company. Have AAA assets. One of the best portfolios that there is. Pretty good entry point here.

Thinks this is fine longer-term. Merrill Lynch is moving out of their space and that space is not yet filled. Thinks they will find a tenant and this company will weather the storm. Dividend is attractive and he feels it is safe.

Preferred P. Great company. He plays it through Brookfield Asset Management (BAM.A-T). This is a 5.15% rate reset. Likes the term of it, which goes out to 2017.

(Market Call Minute.) Buy it at $17 or better as it offers you a 15% total return.