Mike Arnold
Long only, small-cap, tech, growth at reasonable price

Limited Public Float And NCIB Indicates Upside For Brookfield Canada Office Properties

I continue to be particularly bullish on the Canadian REIT sector as prices have collapsed on the back of "Fed Taper" fears. It is my opinion that the lower equity prices ascribed by Mr. Market to Canadian REITs is providing investors attractive entry points and setting up the potential for significant M&A catalysts in 2014. In particular, firms are using the low prices to either buy back their own units or tender takeover offers of other REITs with similarly marked down equity prices.

I first profiled Brookfield Canada Office Properties (NYSE:BOXC) ("BOX") just days after Brookfield Property Partners (NYSE:BPY) offered to acquire the stake of Brookfield Office Property Partners (NYSE:BPO) it didn't already own...

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