Brookfield Office Properties Ltd

BOX.UN-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about BOX.UN-T

Signal
Opinion
Expert
SELL
SELL
February 1, 2019
Has recovered pretty nicely. He'd look somewhere else for a higher dividend, such as BPY.UN, which the group is looking to put some money behind.
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Has recovered pretty nicely. He'd look somewhere else for a higher dividend, such as BPY.UN, which the group is looking to put some money behind.
COMMENT
COMMENT
May 15, 2017

They have a cash offer from Brookfield Property Office (BPO.UN-T) at $32.50. He would say that this is the current valuation, and they will probably be successful. He would take the offer as they are not going to be any more liquid.

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They have a cash offer from Brookfield Property Office (BPO.UN-T) at $32.50. He would say that this is the current valuation, and they will probably be successful. He would take the offer as they are not going to be any more liquid.

SELL
SELL
March 31, 2017

BPY-T said they wanted to buy the remainder of the company at around the current price. It is pretty much a done deal. He does not think you get much more out of it.

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BPY-T said they wanted to buy the remainder of the company at around the current price. It is pretty much a done deal. He does not think you get much more out of it.

COMMENT
COMMENT
February 3, 2017

There 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.

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There 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.

PAST TOP PICK
PAST TOP PICK
May 31, 2016

(A Top Pick Sept 11/15. Up 28.16%.) Doesn’t think this is done yet. Has never sold a share. Still undervalued. This is the best office real estate that you can find in Canada.

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(A Top Pick Sept 11/15. Up 28.16%.) Doesn’t think this is done yet. Has never sold a share. Still undervalued. This is the best office real estate that you can find in Canada.

BUY
BUY
February 3, 2016

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%.

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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%.

HOLD
HOLD
November 12, 2015

He sticks with BAM.A-T. He does not need to be a third layer down. Some year there will be a press release that BAM.A-T has taken out what they don’t own of BOX.UN-T, however.

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He sticks with BAM.A-T. He does not need to be a third layer down. Some year there will be a press release that BAM.A-T has taken out what they don’t own of BOX.UN-T, however.

PAST TOP PICK
PAST TOP PICK
October 30, 2015

(A Top Pick Sept 11/15. Down 2.28%.)

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(A Top Pick Sept 11/15. Down 2.28%.)

TOP PICK
TOP PICK
September 11, 2015

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%.

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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%.

COMMENT
COMMENT
September 11, 2015

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.

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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.

PAST TOP PICK
PAST TOP PICK
September 8, 2015

(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.

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(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.

DON'T BUY
DON'T BUY
June 23, 2015

It is very high quality office real estate. But we are building a lot of these buildings in Calgary and Toronto. It looks cheap on earnings but he is not sure he knows what the earnings will be as new office properties come online in these cities.

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It is very high quality office real estate. But we are building a lot of these buildings in Calgary and Toronto. It looks cheap on earnings but he is not sure he knows what the earnings will be as new office properties come online in these cities.

BUY
BUY
May 21, 2015

It will likely be taken in by BPY.UN-T. NAV is $31/share. It is a good entry point. It should be well positioned to withstand the increase in office supply over the next few years. The dividend is sustainable.

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It will likely be taken in by BPY.UN-T. NAV is $31/share. It is a good entry point. It should be well positioned to withstand the increase in office supply over the next few years. The dividend is sustainable.

PAST TOP PICK
PAST TOP PICK
March 19, 2015

(Top Pick Mar 27/14, Up 17.96%) The highest quality office properties in Canada. When leases come up for renewal they are getting 15% increases in the rents. He is hanging on. BPY may buy it in 12 to 18 months.

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(Top Pick Mar 27/14, Up 17.96%) The highest quality office properties in Canada. When leases come up for renewal they are getting 15% increases in the rents. He is hanging on. BPY may buy it in 12 to 18 months.

WEAK BUY
WEAK BUY
September 5, 2014

Canadian office, vs. BPY, which is global. Some day BPY will take BOX.UN-T over. He has been buying BPY because he thinks it is at a discount.

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Canadian office, vs. BPY, which is global. Some day BPY will take BOX.UN-T over. He has been buying BPY because he thinks it is at a discount.

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