Key Developments: Brookfield Office Properties Inc (BPO)
18.73USD
17 May 2013
$-0.19 (-1.00%)
$18.92
$18.93
$18.95
$18.72
1,413,925
1,563,168
$19.19
$15.25
Latest Key Developments (Source: Significant Developments)
Brookfield Office Properties Inc Announces Quarterly Common Share Dividend
Brookfield Office Properties Inc announced that the Board of Directors declared a quarterly common share dividend of $0.14 per share payable on June 28, 2013 to shareholders of record at the close of business on May 31, 2013. Full Article
Brookfield Office Properties Inc Declares Quarterly Common Share Dividend
Brookfield Office Properties Inc announced that Board of Directors declared a quarterly common share dividend of $0.14 per share payable on March 29, 2013 to shareholders of record at the close of business on March 1, 2013. Full Article
Brookfield Office Properties Inc Issues FY 2013 FFO Guidance Above Analysts' Estimates
Brookfield Office Properties Inc announced that for fiscal 2013, it expects diluted funds from operations (FFO) in the range of $1.16-$1.20 per share, with a mid-point of $670 million or $1.18 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO per share of $1.13 for fiscal 2013. Full Article
Brookfield Office Properties Inc Reaffirms FY 2012 FFO Guidance-Conference Call
Brookfield Office Properties Inc announced that it still remain comfortable with original FFO guidance for fiscal 2012 range of $1.07 to $1.12 with a mid point of $1.10. Full Article
Brookfield Office Properties Inc Declares Quarterly Common Share Dividend
Brookfield Office Properties Inc announced that the Board of Directors declared a quarterly common share dividend of $0.14 per share payable on December 31, 2012 to shareholders of record at the close of business on November 30, 2012. Full Article
Brookfield Office Properties Inc Completes CAD250 Million Preferred Share Issue
Brookfield Office Properties Inc announced the completion of previously announced Preferred Shares, Series T issue in the amount of CAD250 million. The offering was underwritten by a syndicate led by CIBC, RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. Brookfield Office Properties issued 10.0 million Preferred Shares, Series T at a price of CAD25.00 per share yielding 4.60% per annum for the initial 6.25-year period ending December 31, 2018. Net proceeds from the issue will be added to the general funds of Brookfield Office Properties and be used to redeem 8.0 million Preferred Shares, Series F and for general corporate purposes. Until such time as Brookfield Office Properties redeems the Preferred Shares, Series F, a portion of the net proceeds may temporarily be used to reduce short term borrowings. The Preferred Shares, Series T will commence trading on the Toronto Stock Exchange on September 13, 2012 under the ticker symbol BPO.PR.T. Full Article
Brookfield Office Properties Inc To Issue CAD200 Million Of Preferred Shares
Brookfield Office Properties Inc announced that it has agreed to issue to a syndicate of underwriters led by CIBC, RBC Capital Markets, Scotiabank and TD Securities Inc., for distribution to the public, eight million Cumulative Class AAA Rate Reset Preference Shares, Series T (the Preferred Shares, Series T). The Preferred Shares, Series T will be issued at a price of CAD25.00 per share, for aggregate proceeds of CAD200 million. Holders of the Preferred Shares, Series T will be entitled to receive a cumulative quarterly fixed dividend yielding 4.60% annually for the initial period ending December 31, 2018. Thereafter, the dividend rate will be reset every five years at a rate equal to the five-year Government of Canada bond yield plus 3.16%. Brookfield Office Properties has granted the underwriters an option, exercisable in whole or in part anytime up to two business days prior to closing, to purchase an additional two million Preferred Shares, Series T at the same offering price. Should the option be fully exercised, the total gross proceeds of the financing will be CAD250 million. The net proceeds of the issue will be used to redeem Brookfield Office Properties' Cumulative Class AAA Preference Shares, Series F and, to the extent the underwriters' option is exercised, for general corporate purposes. The offering is expected to close on or about September 13, 2012. Full Article
Brookfield Office Properties Inc Reaffirms FY 2012 FFO Guidance-Conference Call
Brookfield Office Properties Inc announced that it is not changing its original FFO per share guidance range of $1.07 to $1.12 with a mid-point of $1.10. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO per share of $1.12 for fiscal 2012. Full Article
Brookfield Office Properties Inc Declares Quarterly Dividend
Brookfield Office Properties Inc announced that the board of directors have declared a quarterly common share dividend of $0.14 per share payable on September 28, 2012 to shareholders of record at the close of business on September 1, 2012. Full Article
Brookfield Office Properties Inc Acquires Office Building In Washington, DC
Brookfield Office Properties Inc announced that it has acquired 799 9th Street, NW in Washington, DC for $106 million or approximately $522 per rentable square foot. Brookfield is funding the acquisition through new property-level financing of $71.5 million and the balance from available cash resources. 799 9th Street, NW is a 10-story, LEED Gold-certified, class A office building located in the East End submarket, adjacent to the City Center project and one block from three Metro lines. Built in 2001, the building holds 203,000 rentable square feet and is currently 96% occupied with all leases expiring in December 2012 and January 2013. The property has 156 parking spaces and several street-level eateries, including OYA Restaurant. Full Article
UPDATE 1-Brookfield Office results rise, 2013 growth seen
TORONTO, Feb 1 - Brookfield Office Property Inc, one of the world's leading office landlords, said on Friday its results for the fourth quarter and full year edged higher, and it expects further growth in 2013 as economic conditions improve.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
