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Brookfield Properties Corporation (TSE BPO NYSE BPO) modified: July 30, 2009 ************************* ***** ******* Please note Prices & Targets have been adjusted for a 3 for 2 split as of Apr 01, 2005 Brookfield Properties Corporation, one of North America's largest commercial real estate companies, owns, develops and manages premier office properties. The portfolio comprises 66 commercial properties totaling 48 million square feet and ten development sites totaling eight million square feet in the downtown cores of New York, Boston, Washington, D.C., Toronto, Calgary and Ottawa. Landmark properties include the World Financial Center in New York City and BCE Place in Toronto
Recent News: Brookfield Office Properties Reports Third Quarter 2010 Results
BPO Properties Shareholders Approve Conversion to Create Canada's Pre-Eminent Office REIT
Brookfield Properties Reports Strong Full-Year 2009 Results
Jimmy Shan ....... National Bank Financial…….Nov 01, 2010 Target raised to $18.75 from $18.50US BPO.TO Price day before: $17.62 Finish day of posting:$17.78Current:$17.78 BPO Price day before: $17.39 Finish day of posting:$17.52Current:$17.52US ------Feb 08, 2010--- Target raised to $16.25 from $16.00US (Target Hit May 03, 2010) BPO.TO Price day before: $13.60 Finish day of posting:$13.60Current:$17.78 BPO Price day before: $12.74 Finish day of posting:$12.65Current:$17.52US ********** Alex Avery....... CIBC World Markets…….Nov 01, 2010 Target raised to $21.50 from $21.00US BPO.TO Price day before: $17.62 Finish day of posting:$17.78Current:$17.78 BPO Price day before: $17.39 Finish day of posting:$17.52Current:$17.52US -------Aug 03, 2010------ Target reduced to $16.50 from $17.50US (Target Hit) BPO.TO Price day before: $15.50 Finish day of posting:$15.08Current:$17.78 BPO Price day before: $15.07 Finish day of posting:$14.77Current:$17.52US ********* Shant Poladian ....... Canaccord/Adams…Nov 01, 2010 Maintained BUY Target raised to $22.00 from $20.00US BPO.TO Price day before: $17.62 Finish day of posting:$17.78Current:$17.78 BPO Price day before: $17.39 Finish day of posting:$17.52Current:$17.52US --------Aug 03, 2010------- Maintained BUY Target raised to $20.00 from $19.00US BPO.TO Price day before: $15.50 Finish day of posting:$15.08Current:$17.78 BPO Price day before: $15.07 Finish day of posting:$14.77Current:$17.52US -----Feb 08, 2010---- Maintained BUY Target raised to $18.00 from $17.25US BPO.TO Price day before: $13.60 Finish day of posting:$13.60Current:$17.78 BPO Price day before: $12.74 Finish day of posting:$12.65Current:$17.52US ------Oct 30, 2009--------- Maintained BUY Target raised to $17.25 from $15.00US (Target Hit Oct 13, 2010) BPO.TO Price day before: $11.13 Finish day of posting:$11.25Current:$17.78 BPO Price day before: $10.47 Finish day of posting:$10.16Current:$17.52US -----July 30, 2009------- Maintained BUY Target raised to $15.00 from $14.00US (Target Hit Mar 17, 2010) BPO.TO Price day before: $9.93 Finish day of posting:$10.09Current:$17.78 BPO Price day before: $9.00 Finish day of posting:$9.35Current:$17.52US -----May 04, 2009--------- Maintained BUY Target $14.00US (Target Hit Feb 26, 2010) BPO.TO Price day before: $8.68 Finish day of posting:$9.14Current:$17.78 BPO Price day before: $7.25 Finish day of posting:$7.74Current:$17.52US ------Oct 30, 2008-------- Maintained BUY Price Target reduced to $18.00 from $20.00US BPO.TO Price day before: $10.93 Finish day of posting:$11.72Current:$17.78 BPO Price day before: $8.61 Finish day of posting:$9.51Current:$17.52US -----Aug 01, 2008------- Maintained BUY Price Target raised to $27.00 from $26.00US BPO.TO Price day before: $19.40 Finish day of posting:$19.99Current:$17.78 BPO Price day before: $18.88 Finish day of posting:$19.39Current:$17.52US --------June 04, 2007------- Maintained HOLD Price Target $30.25US BPO.TO Price day before: $28.30 Finish day of posting:$28.78Current:$17.78 BPO Price day before: $26.69 Finish day of posting:$27.04Current:$17.52US ********* Sam Damiani ....... TD Newcrest……Nov 01, 2010 Maintained BUY Target raised to $20.00 from $19.00US BPO.TO Price day before: $17.62 Finish day of posting:$17.78Current:$17.78 BPO Price day before: $17.39 Finish day of posting:$17.52Current:$17.52US -------Aug 03, 2010-------- Maintained BUY Target $18.50US BPO.TO Price day before: $15.50 Finish day of posting:$15.08Current:$17.78 BPO Price day before: $15.07 Finish day of posting:$14.77Current:$17.52US ------Feb 08, 2010----- Maintained BUY Target raised to $14.50 from $12.50US(Target Hit Mar 02, 2010) BPO.TO Price day before: $13.60 Finish day of posting:$13.60Current:$17.78 BPO Price day before: $12.74 Finish day of posting:$12.65Current:$17.52US ------Oct 30, 2009------- Maintained BUY Target reduced to $12.50 from $13.50US (Target Hit Dec 14, 2009) BPO.TO Price day before: $11.13 Finish day of posting:$11.25Current:$17.78 BPO Price day before: $10.47 Finish day of posting:$10.16Current:$17.52US --------Oct 01, 2009-------- Upgraded to BUY from HOLD Target raised to $13.50 from $11.00US BPO.TO Price day before: $12.14 Finish day of posting:$11.62Current:$17.78 BPO Price day before: $11.26 Finish day of posting:$10.61Current:$17.52US -----Aug 24, 2009-------- Upgraded to HOLD from REDUCE Target raised to $11.00 from $7.50US BPO.TO Price day before: $12.15 Finish day of posting:$12.19Current:$17.78 BPO Price day before: $11.27 Finish day of posting:$11.34Current:$17.52US --------July 30, 2009-------- Downgraded to REDUCE from HOLD Target reduced to $7.50 from $8.00US BPO.TO Price day before: $9.93 Finish day of posting:$10.09Current:$17.78 BPO Price day before: $9.00 Finish day of posting:$9.35Current:$17.52US ------May 04, 2009-------- Maintained HOLD Target $8.00US BPO.TO Price day before: $8.68 Finish day of posting:$9.14Current:$17.78 BPO Price day before: $7.25 Finish day of posting:$7.74Current:$17.52US ------Oct 30, 2008------- Maintained HOLD Price Target reduced to $12.00 from $22.00US BPO.TO Price day before: $10.93 Finish day of posting:$11.72Current:$17.78 BPO Price day before: $8.61 Finish day of posting:$9.51Current:$17.52US -------Sept 15, 2008------ Downgraded to HOLD from BUY Price Target reduced to $22.00 from $24.00US BPO.TO Price day before: $22.58 Finish day of posting:$19.00Current:$17.78 BPO Price day before: $21.28 Finish day of posting:$17.40Current:$17.52US ------Aug 01, 2008----- Maintained BUY Price Target reduced to $24.00 from $26.00US BPO.TO Price day before: $19.40 Finish day of posting:$19.99Current:$17.78 BPO Price day before: $18.88 Finish day of posting:$19.39Current:$17.52US ------Feb 08, 2008------ Downgraded to BUY from ACTION LIST BUY Target reduced to $26.00 from $28.00US BPO.TO Price day before: $20.22 Finish day of posting:$19.63Current:$17.78 BPO Price day before: $19.97 Finish day of posting:$19.79Current:$17.52US -------Jan 09, 2008---- Upgraded to ACTION LIST BUY from BUY Target $28.00US BPO.TO Price day before: $18.05 Finish day of posting:$18.40Current:$17.78 BPO Price day before: $17.91 Finish day of posting:$18.34Current:$17.52US ********* Standard & Poor's ……Oct 23, 2010 Maintained HOLD Target $17.00US BPO.TO Price day before: $18.14 Finish day of posting:$18.21Current:$17.78 BPO Price day before: $17.69 Finish day of posting:$17.85Current:$17.52US ------Mar 17, 2010------ Maintained HOLD Target raised to $15.00 from $13.00US BPO.TO Price day before: $15.03 Finish day of posting:$15.25Current:$17.78 BPO Price day before: $15.10 Finish day of posting:$15.18Current:$17.52US ------Jan 08, 2010------ Maintained SELL Target raised to $10.00 from $8.00US BPO.TO Price day before: $12.94 Finish day of posting:$12.76Current:$17.78 BPO Price day before: $12.47 Finish day of posting:$12.41Current:$17.52US -------Oct 30, 2009------- Maintained SELL Target $8.00US BPO.TO Price day before: $11.13 Finish day of posting:$11.25Current:$17.78 BPO Price day before: $10.47 Finish day of posting:$10.16Current:$17.52US ------July 30, 2009------- Maintained SELL Target raised to $7.00 from $5.00US BPO.TO Price day before: $9.93 Finish day of posting:$10.09Current:$17.78 BPO Price day before: $9.00 Finish day of posting:$9.35Current:$17.52US ----May 01, 2009------ Maintained SELL Target $5.00US BPO Price day before: $7.47 Finish day of posting:$7.25Current:$17.52US -----Oct 29. 2008----- Maintained SELL Price Target $8.00US (Target Hit Nov 17, 2008) BPO.TO Price day before: $11.50 Finish day of posting:$10.93Current:$17.78 BPO Price day before: $9.49 Finish day of posting:$8.61Current:$17.52US ------Aug 01, 2008---- Maintained SELL Price Target $17.00US (Target Hit Sept 17, 2008) BPO.TO Price day before: $19.40 Finish day of posting:$19.99Current:$17.78 BPO Price day before: $18.88 Finish day of posting:$19.39Current:$17.52US -------Jan 09, 2008------- Maintained BUY Target $22.00US BPO.TO Price day before: $18.05 Finish day of posting:$18.40Current:$17.78 BPO Price day before: $17.91 Finish day of posting:$18.34Current:$17.52US ********* Ross T. Nussbaum…UBS…Sept 30, 2010 Maintained NEUTRAL Target raised to $15.00 from $14.25US BPO.TO Price day before: $15.98 Finish day of posting:$16.07Current:$17.78 BPO Price day before: $15.39 Finish day of posting:$15.57Current:$17.52US ------Aug 03, 2010-------- Maintained NEUTRAL Target reduced to $14.25 from $15.50US BPO.TO Price day before: $15.50 Finish day of posting:$15.08Current:$17.78 BPO Price day before: $15.07 Finish day of posting:$14.77Current:$17.52US -----Aug 18, 2009----- Upgraded to NEUTRAL from SELL BPO.TO Price day before: $10.87 Finish day of posting:$11.49Current:$17.78 BPO Price day before: $8.36 Finish day of posting:$8.38Current:$17.52US ------July 21, 2009----- New SELL Target $7.00US BPO.TO Price day before: $9.23 Finish day of posting:$9.30Current:$17.78 BPO Price day before: $8.36 Finish day of posting:$8.38Current:$17.52US ********* John Ginee..... ....... Stifel Nicolaus……Aug 14, 2010 Upgraded to BUY from HOLD Target $17.00US (Target Hit Oct 13, 2010) BPO.TO Price day before: $14.58 Finish day of posting:$15.15Current:$17.78 BPO Price day before: $13.98 Finish day of posting:$14.47Current:$17.52US ------Aug 02, 2010-------- Downgraded to HOLD from BUY Target $17.00US (Target Hit Oct 13, 2010) BPO.TO Price day before: $15.50 Finish day of posting:$15.08Current:$17.78 BPO Price day before: $15.04 Finish day of posting:$15.07Current:$17.52US -----Sept 28, 2009-------- Upgraded to BUY from HOLD Target $12.00US (Target Hit) BPO.TO Price day before: $11.76 Finish day of posting:$12.39Current:$17.78 BPO Price day before: $10.63 Finish day of posting:$11.32Current:$17.52US --------Nov 05, 2007------- Upgraded to BUY from HOLD Target $27.00US BPO.TO Price day before: $22.48 Finish day of posting:$21.79Current:$17.78 BPO Price day before: $24.04 Finish day of posting:$23.30Current:$17.52US ********** Mario Saric............ Scotia Capital……Aug 03, 2010 Maintained OUTPERFORM Target $16.50US (Target Hit Oct 05, 2010) BPO.TO Price day before: $15.50 Finish day of posting:$15.08Current:$17.78 BPO Price day before: $15.07 Finish day of posting:$14.77Current:$17.52US ------Feb 08, 2010--- Maintained OUTPERFORM Target raised to $14.50 from $12.75US (Target Hit Mar 02, 2010) BPO.TO Price day before: $13.60 Finish day of posting:$13.60Current:$17.78 BPO Price day before: $12.74 Finish day of posting:$12.65Current:$17.52US -------Aug 25, 2009-------- Maintained OUTPERFORM Target raised to $12.75 from $11.50US (Target Hit Dec 23, 2009) BPO.TO Price day before: $12.19 Finish day of posting:$12.10Current:$17.78 BPO Price day before: $11.34 Finish day of posting:$11.11Current:$17.52US -------Feb 06, 2009------- Maintained OUTPERFORM Target reduced to $11.50 from $12.50US (Target Hit Aug 10, 2009) BPO.TO Price day before: $7.64 Finish day of posting:$8.16Current:$17.78 BPO Price day before: $6.06 Finish day of posting:$6.76Current:$17.52US ------Oct 30, 2008-------- Maintained OUTPERFORM Target reduced to $12.50 from $15.50US BPO.TO Price day before: $10.93 Finish day of posting:$11.72Current:$17.78 BPO Price day before: $8.61 Finish day of posting:$9.51Current:$17.52US ------Oct 24, 2008------- Maintained OUTPERFORM Price Target reduced to $15.50 from $23.50US BPO.TO Price day before: $11.49 Finish day of posting:$11.00Current:$17.78 BPO Price day before: $8.99 Finish day of posting:$8.31Current:$17.52US ********** Michael Bilerman .......Citigroup ……Aug 03, 2010 Maintained HOLD Target raised to $15.00 from $13.00US BPO.TO Price day before: $15.50 Finish day of posting:$15.08Current:$17.78 BPO Price day before: $15.07 Finish day of posting:$14.77Current:$17.52US -------Feb 05, 2010------- Maintained HOLD Target raised to $13.00 from $11.50US BPO.TO Price day before: $13.18 Finish day of posting:$13.60Current:$17.78 BPO Price day before: $12.21 Finish day of posting:$12.74Current:$17.52US -------Oct 29, 2009-------- Maintained HOLD Target raised to $11.50 from $9.00US (Target Hit Nov 18, 2009) BPO.TO Price day before: $10.87 Finish day of posting:$11.13Current:$17.78 BPO Price day before: $10.04 Finish day of posting:$10.47Current:$17.52US -------July 30, 2009------ Maintained HOLD Target raised to $9.00 from $7.50US BPO.TO Price day before: $9.93 Finish day of posting:$10.09Current:$17.78 BPO Price day before: $9.00 Finish day of posting:$9.35Current:$17.52US ------Apr 29, 2008---- Maintained HOLD Target raised to $22.00 from $20.00US (Target hit Sept 08, 2008) BPO.TO Price day before: $20.39 Finish day of posting:$20.11Current:$17.78 BPO Price day before: $20.00 Finish day of posting:$19.80Current:$17.52US ********* Karine MacIndoe.......BMO Capital Markets …July 06, 2010 Upgraded to OUTPERFORM from MARKET PERFORM Target $17.00US (Target Hit Oct 13, 2010) BPO.TO Price day before: $14.09 Finish day of posting:$14.00Current:$17.78 BPO Price day before: $13.42 Finish day of posting:$13.19Current:$17.52US ----------Apr 22, 2010--------- Downgraded to MARKET PERFORM from OUTPERFORM Target raised to $17.00 from $15.00US (Target Hit) BPO.TO Price day before: $16.48 Finish day of posting:$16.36Current:$17.78 BPO Price day before: $16.48 Finish day of posting:$16.39Current:$17.52US ------Oct 28, 2009-------- Upgraded to OUTPERFORM from MARKET PERFORM BPO.TO Price day before: $11.07 Finish day of posting:$10.87Current:$17.78 BPO Price day before: $10.28 Finish day of posting:$10.04Current:$17.52US -------Aug 12, 2009------ Maintained MARKET PERFORM Target raised to $10.00 from $9.00US BPO.TO Price day before: $11.29 Finish day of posting:$11.60Current:$17.78 BPO Price day before: $10.26 Finish day of posting:$10.45Current:$17.52US -------Oct 24, 2008--------- Maintained MARKET PERFORM Price Target reduced to $11.50 from $23.50C BPO.TO Price day before: $11.49 Finish day of posting:$11.00Current:$17.78 BPO Price day before: $8.99 Finish day of posting:$8.31Current:$17.52US --------Sept 15, 2008------ Downgraded to MARKET PERFORM from OUTPERFORM Target reduced to $18.00 from $20.90US BPO.TO Price day before: $22.58 Finish day of posting:$19.00Current:$17.78 BPO Price day before: $21.28 Finish day of posting:$17.40Current:$17.52US -------Feb 08, 2008---- Maintained OUTPERFORM Target reduced to $25.00 from $27.50US BPO.TO Price day before: $20.22 Finish day of posting:$19.63Current:$17.78 BPO Price day before: $19.97 Finish day of posting:$19.79Current:$17.52US -----Dec 03, 2007------ Maintained OUTPERFORM Target reduced to $27.50 from $30.00US BPO.TO Price day before: $21.24 Finish day of posting:$21.65Current:$17.78 BPO Price day before: $21.50 Finish day of posting:$20.70Current:$17.52US --------June 27, 2007-------- Upgraded to OUTPERFORM from MARKET PERFORM BPO.TO Price day before: $25.10 Finish day of posting:$25.85Current:$17.78 BPO Price day before: $23.50 Finish day of posting:$24.13Current:$17.52US ********* Neil Downey ....... RBC Capital Markets……Apr 07, 2010 Maintained OUTPERFORM Target raised to $17.50 from $15.00US (Target Hit Oct 20, 2010) BPO.TO Price day before: $15.89 Finish day of posting:$15.79Current:$17.78 BPO Price day before: $15.95 Finish day of posting:$15.69Current:$17.52US -------Feb 08, 2010-------- Maintained OUTPERFORM Target raised to $15.00 from $14.00US (Target Hit Mar 17, 2010) BPO.TO Price day before: $13.60 Finish day of posting:$13.60Current:$17.78 BPO Price day before: $12.74 Finish day of posting:$12.65Current:$17.52US ---------Oct 30, 2008------ Maintained OUTPERFORM Price Target reduced to $14.00 from $20.50US (Target Hit Feb 26, 2010) BPO.TO Price day before: $10.93 Finish day of posting:$11.72Current:$17.78 BPO Price day before: $8.61 Finish day of posting:$9.51Current:$17.52US -------Feb 08, 2008----- Maintained OUTPERFORM Target reduced to $25.00 from $26.50US BPO.TO Price day before: $23.80 Finish day of posting:$23.80Current:$17.78 BPO Price day before: $24.97 Finish day of posting:$24.83Current:$17.52US ------Apr 30, 2007----- Maintained OUTPERFORM Target reduced to $30.00 from $32.00US BPO.TO Price day before: $23.80 Finish day of posting:$23.80Current:$17.78 BPO Price day before: $24.97 Finish day of posting:$24.83Current:$17.52US ********* Jonathan Habermann....... Goldman Sachs……Mar 29, 2010 Maintained BUY Target raised to $17.00 from $15.00US (Target Hit Oct 13, 2010) BPO.TO Price day before: $15.92 Finish day of posting:$16.11Current:$17.78 BPO Price day before: $15.51 Finish day of posting:$15.70Current:$17.52US -------Oct 28, 2008----- Upgraded to BUY from NEUTRAL BPO.TO Price day before: $11.07 Finish day of posting:$10.87Current:$17.78 BPO Price day before: $10.28 Finish day of posting:$10.04Current:$17.52US ---------July 18, 2008------------ Downgraded to NEUTRAL from BUY BPO.TO Price day before: $18.35 Finish day of posting:$18.05Current:$17.78 BPO Price day before: $18.34 Finish day of posting:$18.01Current:$17.52US ********* Steve Benyik....... Credit Suisse……Feb 24, 2010 Maintained NEUTRAL (Target Hit) Target raised to $14.00 from $11.00US BPO.TO Price day before: $13.83 Finish day of posting:$14.26Current:$17.78 BPO Price day before: $13.12 Finish day of posting:$13.54Current:$17.52US ****************** Vincent Chao .......Deutsche Bank ……Jan 19, 2010 Target raised to $13.00 from $11.00US (Target Hit) BPO.TO Price day before: $12.79 Finish day of posting:$13.07Current:$17.78 BPO Price day before: $12.47 Finish day of posting:$12.65Current:$17.52US ********** Mark Rothschild ....... Genuity Capital Markets……Oct 21, 2009 Downgraded to HOLD from BUY Target raised to $12.50 from $10.00US (Target Hit Dec 14, 2009) BPO.TO Price day before: $11.60 Finish day of posting:$11.47Current:$17.78 BPO Price day before: $11.01 Finish day of posting:$10.91Current:$17.52US ---------Oct 30, 2008------- Target reduced to $13.00 from $15.25US BPO.TO Price day before: $10.93 Finish day of posting:$11.72Current:$17.78 BPO Price day before: $8.61 Finish day of posting:$9.51Current:$17.52US ********** Gail Mifsud..... ....... Blackmont Capital……July 30, 2009 Maintained OUTPERFORM BPO.TO Price day before: $9.93 Finish day of posting:$10.09Current:$17.78 BPO Price day before: $9.00 Finish day of posting:$9.35Current:$17.52US -----May 04, 2009----- Maintained BUY Target reduced to $14.50 from $16.50US (Target Hit Mar 02, 2010) BPO.TO Price day before: $8.68 Finish day of posting:$9.14Current:$17.78 BPO Price day before: $7.25 Finish day of posting:$7.74Current:$17.52US -------Aug 01, 2008------- Maintained BUY BPO.TO Price day before: $19.40 Finish day of posting:$19.99Current:$17.78 BPO Price day before: $18.88 Finish day of posting:$19.39Current:$17.52US -------Feb 11, 2008----- Maintained BUY Target reduced to $25.00 from $30.00US BPO.TO Price day before: $19.63 Finish day of posting:$19.28Current:$17.78 BPO Price day before: $19.79 Finish day of posting:$19.13Current:$17.52US -------Jan 18, 2008----- Maintained BUY BPO.TO Price day before: $17.88 Finish day of posting:$18.06Current:$17.78 BPO Price day before: $17.33 Finish day of posting:$17.49Current:$17.52US -----Nov 01, 2007---- Maintained BUY BPO.TO Price day before: $23.80 Finish day of posting:$23.80Current:$17.78 BPO Price day before: $24.97 Finish day of posting:$24.83Current:$17.52US ********* Michael Smith ....... National Bank Financial…….Oct 30, 2008 Price Target reduced to $18.00 from $20.00US BPO.TO Price day before: $10.93 Finish day of posting:$11.72Current:$17.78 BPO Price day before: $8.61 Finish day of posting:$9.51Current:$17.52US ------July 24, 2008------- Price Target reduced to $22.00 from $25.00C (Target Hit Aug 08, 2008) BPO.TO Price day before: $19.70 Finish day of posting:$18.34Current:$17.78 BPO Price day before: $19.66 Finish day of posting:$18.25Current:$17.52US ****************** Himalaya Jain............ Scotia Capital……July 22, 2008 Coverage discontinued -------Feb 07, 2008---- Maintained OUTPERFORM Target reduced to $25.10 from $28.10US BPO.TO Price day before: $20.60 Finish day of posting:$20.22Current:$17.78 BPO Price day before: $20.38 Finish day of posting:$19.97Current:$17.52US ------Oct 24, 2007---- Maintained OUTPERFORM Target raised to $28.10 from $27.00US BPO.TO Price day before: $23.34 Finish day of posting:$23.43Current:$17.78 BPO Price day before: $24.16 Finish day of posting:$24.03Current:$17.52US ------May 28, 2007------ Upgraded to SECTOR PERFORM from UNDERPERFORM Price Target $27.00US (Target Hit June 04, 2007) BPO.TO Price day before: $27.08 Finish day of posting:$28.29Current:$17.78 BPO Price day before: $25.14 Finish day of posting:$26.45Current:$17.52US ********* John Stewart....... Credit Suisse……Apr 04, 2008 Upgraded to NEUTRAL from UNDERPERFORM BPO.TO Price day before: $20.68 Finish day of posting:$19.88Current:$17.78 BPO Price day before: $20.50 Finish day of posting:$19.54Current:$17.52US ****************** Steve Sakwa....... Merrill Lynch……Feb 08, 2008 Downgraded to NEUTRAL from BUY BPO.TO Price day before: $20.22 Finish day of posting:$19.63Current:$17.78 BPO Price day before: $19.97 Finish day of posting:$19.79Current:$17.52US ********* Rossa O'Reilly....... CIBC World Markets…….Feb 08, 2008 Target reduced to $23.00 from $26.00US BPO.TO Price day before: $20.22 Finish day of posting:$19.63Current:$17.78 BPO Price day before: $19.97 Finish day of posting:$19.79Current:$17.52US ********* Louis Taylor .......Deutsche Bank ……Jan 15, 2008 Maintained HOLD Target $25.00US BPO.TO Price day before: $18.34 Finish day of posting:$18.01Current:$17.78 BPO Price day before: $18.15 Finish day of posting:$17.46Current:$17.52US ------Nov 01, 2007-------- Maintained HOLD Target reduced to $25.00 from $27.00US BPO.TO Price day before: $23.80 Finish day of posting:$23.80Current:$17.78 BPO Price day before: $24.97 Finish day of posting:$24.83Current:$17.52US ********* Jonathan Litt .......Citi Smith Barney ……Dec 21, 2007 Maintained HOLD Target reduced to $20.00 from $26.00US (Target Hit) BPO.TO Price day before: $19.24 Finish day of posting:$19.17Current:$17.78 BPO Price day before: $19.13 Finish day of posting:$19.47Current:$17.52US ********* David Harris ....... Lehman Bros.……Dec 18, 2007 Maintained EQUALWEIGHT Target reduced to $23.00 from $26.00US BPO.TO Price day before: $19.72 Finish day of posting:$19.70Current:$17.78 BPO Price day before: $19.62 Finish day of posting:$19.46Current:$17.52US ********* ....... JP Morgan……Dec 18, 2007 New NEUTRAL BPO.TO Price day before: $19.72 Finish day of posting:$19.70Current:$17.78 BPO Price day before: $19.62 Finish day of posting:$19.46Current:$17.52US *********
The following have not been adjusted for a 3:2 Stock split as of May 22, 2007 Mark Rothschild ....... Genuity Capital Markets……Apr 30, 2007 Upgraded to BUY from HOLD BPO.TO Price day before: $45.95 Finish day of posting:$45.50Current:$45.50 BPO Price day before: $41.22 Finish day of posting:$41.07Current:$17.52US -------Feb 12, 2007-------- Downgraded to HOLD from BUY Price Target raised to $49.10 from $42.45US BPO.TO Price day before: $54.85 Finish day of posting:$53.90Current:$45.50 BPO Price day before: $46.71 Finish day of posting:$45.87Current:$17.52US **************************** Neil Downey ....... RBC Capital Markets…….Apr 30, 2007 Upgraded to OUTPERFORM from SECTOR PERFORM Price Target $48.00US BPO.TO Price day before: $45.95 Finish day of posting:$45.50Current:$45.50 BPO Price day before: $41.22 Finish day of posting:$41.07Current:$17.52US ----------Feb 12, 2007--------- Price Target raised to $48.00 from $40.00US BPO.TO Price day before: $54.85 Finish day of posting:$53.90Current:$45.50 BPO Price day before: $46.71 Finish day of posting:$45.87Current:$17.52US ------July 30, 2003------ Upgraded to OUTPERFORM from SECTOR PERFORM Price Target raised to $16.33 from $14.67US (Hit Target Oct 03, 2003) BPO.TO Price day before: $20.23 BPO Price day before: $14.63 US -----------April 28, 2003------- Downgraded to SECTOR PERFORM from OUTPERFORM Price Target raised to $14.67 from $13.67US (Hit Target May 23, 2003) BPO.TO Price day before: $19.77 BPO Price day before: $13.67 US **************************** Karine MacIndoe .......BMO Capital Markets ……Apr 30, 2007 Maintained MARKET PERFORM Price Target reduced to $45.00 from $50.00C BPO.TO Price day before: $45.95 Finish day of posting:$45.50Current:$45.50 BPO Price day before: $41.22 Finish day of posting:$41.07Current:$17.52US -------Feb 12, 2007------- Maintained MARKET PERFORM Price Target raised to $50.00 from $43.00US BPO.TO Price day before: $54.85 Finish day of posting:$53.90Current:$45.50 BPO Price day before: $46.71 Finish day of posting:$45.87Current:$17.52US -------Feb 13, 2006------- Maintained MARKET PERFORM Price Target $32.00US (Target Hit Mar 23, 2006) BPO.TO Price day before: $34.10 Finish day of posting:$33.70Current:$45.50 BPO Price day before: $29.67 Finish day of posting:$29.40Current:$17.52US ************** Sam Damiani ....... TD Newcrest……Apr 30, 2007 Maintained HOLD Price Target $46.00US BPO.TO Price day before: $45.95 Finish day of posting:$45.50Current:$45.50 BPO Price day before: $41.22 Finish day of posting:$41.07Current:$17.52US -------Feb 02, 2007------ Downgraded to HOLD from BUY Price Target raised to $46.00 from $41.00US (Target Hit Nov 20, 2006) BPO.TO Price day before: $55.03 Finish day of posting:$56.03Current:$45.50 BPO Price day before: $46.65 Finish day of posting:$47.13Current:$17.52US ------Sept 22, 2006------- Maintained BUY Price Target raised to $40.00 from $37.00US (Target Hit Nov 20, 2006) BPO.TO Price day before: $39.94 Finish day of posting:$40.32Current:$45.50 BPO Price day before: $35.93 Finish day of posting:$35.90Current:$17.52US -----Aug 01, 2006-------- Maintained BUY Price Target raised to $37.00 from $35.00US (Target Hit Sept 12, 2006) BPO.TO Price day before: $37.49 Finish day of posting:$37.86Current:$45.50 BPO Price day before: $33.35 Finish day of posting:$33.41Current:$17.52US -----June 15, 2006-------- Maintained BUY Price Target $35.00US (Target Hit Aug 31, 2006) BPO.TO Price day before: $33.61 Finish day of posting:$34.50Current:$45.50 BPO Price day before: $30.12 Finish day of posting:$30.96Current:$17.52US ------Feb 13, 2006------- Maintained HOLD Price Target raised to $30.00 from $29.00US BPO.TO Price day before: $34.10 Finish day of posting:$33.70Current:$45.50 BPO Price day before: $29.67 Finish day of posting:$29.40Current:$17.52US ------Aug 02, 2005------ Downgraded to HOLD from BUY Price Target raised to $29.00 from $27.70US BPO.TO Price day before: $35.39 Finish day of posting:$35.62Current:$45.50 BPO Price day before: $29.26 Finish day of posting:$29.32Current:$17.52US ------June 02, 2005----- Maintained BUY Price Target $27.70US (Hit Target June 06, 2005) BPO.TO Price day before: $32.80 Finish day of posting:$33.17Current:$45.50 BPO Price day before: $26.35 Finish day of posting:$26.47Current:$17.52US ------Apr 29, 2005-------- Maintained BUY Price Target $27.70US (Hit Target June 06, 2005) BPO.TO Price day before: $31.45 Finish day of posting:$32.31Current:$45.50 BPO Price day before: $25.10 Finish day of posting:$25.39Current:$17.52US -------Feb 11, 2005------- Upgraded to BUY from HOLD Price Target raised to $27.67 from $24.17US (Hit Target) BPO.TO Price day before: $30.89 BPO Price day before: $24.83 US ------Nov 02, 2004------- Maintained HOLD Price Target raised to $24.17 from $20.57US (Hit Target Nov 15, 2004) BPO.TO Price day before: $27.09 BPO Price day before: $22.80 US ------July 29, 2004------ Maintained HOLD Price Target raised to $20.57 from $18.67US BPO.TO Price day before: $27.09 BPO Price day before: $20.39 US --------Mar 16, 2004-------- Maintained HOLD Price Target $18.67US (Hit Target Apr 28, 2004) BPO.TO Price day before: $26.83 BPO Price day before: $20.13 US -----Jan 05, 2004-------- Maintained HOLD Price Target raised to $18.67 from $16.00US (Hit Target) BPO.TO Price day before: $24.43 BPO Price day before: $18.97 US -------April 28, 2003-------- Maintained HOLD Price Target $14.50US (Hit Target May 14, 2003) BPO.TO Price day before: $29.65 BPO Price day before: $20.50 US **************************** Gail Mifsud..... ....... Blackmont Capital……Apr 27, 2007 New BUY Price Target $51.00US BPO.TO Price day before: $45.64 Finish day of posting:$45.95Current:$45.50 BPO Price day before: $40.99 Finish day of posting:$41.22Current:$17.52US ********* John Ginee..... ....... Stifel Nicolaus……Apr 20, 2007 New HOLD BPO.TO Price day before: $45.35 Finish day of posting:$45.97Current:$45.50 BPO Price day before: $40.05 Finish day of posting:$40.79Current:$17.52US ********* Louis Taylor .......Deutsche Bank ……Feb 14, 2007 Downgraded to HOLD from BUY BPO.TO Price day before: $54.60 Finish day of posting:$53.95Current:$45.50 BPO Price day before: $46.81 Finish day of posting:$46.26Current:$17.52US -------Jan 04, 2007------- Maintained BUY Price Target $43.00US (Target Hit Jan 19, 2007) BPO.TO Price day before: $46.34 Finish day of posting:$46.71Current:$45.50 BPO Price day before: $39.56 Finish day of posting:$39.70Current:$17.52US **************************** Shant Poladian ....... Canaccord/Adams……Feb 13, 2007 Maintained HOLD Price Target raised to $45.50 from $41.00US BPO.TO Price day before: $53.90 Finish day of posting:$54.60Current:$45.50 BPO Price day before: $45.87 Finish day of posting:$46.81Current:$17.52US ------Aug 01, 2006------ Maintained HOLD Price Target raised to $33.25 from $31.75US BPO.TO Price day before: $37.49 Finish day of posting:$37.86Current:$45.50 BPO Price day before: $33.35 Finish day of posting:$33.41Current:$17.52US -----Feb 13, 2006----- Maintained HOLD Price Target $28.75US BPO.TO Price day before: $34.10 Finish day of posting:$33.70Current:$45.50 BPO Price day before: $29.67 Finish day of posting:$29.40Current:$17.52US --------Aug 02, 2005-------- Maintained HOLD Price Target raised to $28.75 from $26.50US BPO.TO Price day before: $35.39 Finish day of posting:$35.62Current:$45.50 BPO Price day before: $29.26 Finish day of posting:$29.32Current:$17.52US ------June 01, 2005------ Maintained HOLD Price Target $26.50US BPO.TO Price day before: $32.80 Finish day of posting:$33.17Current:$45.50 BPO Price day before: $26.35 Finish day of posting:$26.47Current:$17.52US ------Apr 29, 2005-------- Maintained HOLD Price Target raised to $26.50 from $25.50US BPO.TO Price day before: $31.45 Finish day of posting:$32.31Current:$45.50 BPO Price day before: $25.10 Finish day of posting:$25.39Current:$17.52US -----Feb 11, 2005------ Maintained HOLD Price Target raised to $25.50 from $24.00US (Hit Target) BPO.TO Price day before: $30.89 BPO Price day before: $24.83 US ------Nov 02, 2004------- Maintained HOLD Price Target raised to $22.67 from $22.00US BPO.TO Price day before: $27.92 BPO Price day before: $22.80 US ------Sept 28, 2004--- Maintained HOLD Price Target raised to $22.00 from $21.33US BPO.TO Price day before: $27.41 BPO Price day before: $21.63 US **************************** Rossa O'Reilly....... CIBC World Markets…….Feb 12, 2007 Price Target raised to $49.00 from $40.00US BPO.TO Price day before: $54.85 Finish day of posting:$53.90Current:$45.50 BPO Price day before: $46.71 Finish day of posting:$45.87Current:$17.52US **************************** Michael Smith ....... National Bank Financial…….Feb 12, 2007 Price Target raised to $50.00 from $44.75US BPO.TO Price day before: $54.85 Finish day of posting:$53.90Current:$45.50 BPO Price day before: $46.71 Finish day of posting:$45.87Current:$17.52US ------Feb 09, 2004----- Maintained OUTPERFORM Price Target raised to $22.00 from $20.67US (Hit Target Oct 15, 2004) Price Target raised to$28.67 from $26.87Cdn BPO.TO Price day before: $26.33 BPO Price day before: $19.87 US -------Jan 20, 2004------- Maintained OUTPERFORM Price Target raised to $20.67 from $18.67US Price Target raised to$26.87 from $24.33Cdn (Hit Target Feb 04, 2004) BPO.TO Price day before: $24.93 BPO Price day before: $19.13 US ------Sept 09, 2003------- Maintained OUTPERFORM Price Target raised to $17.33 from $16.57US (Hit Target Oct 16, 2003) Price Target raised to$24.00 from $22.83Cdn (Hit Target Dec 02, 2003) BPO.TO Price day before: $21.67 BPO Price day before: $15.79 US ----------June 11, 2003--------- Maintained OUTPERFORM Price Target raised to $16.57 from $15.17US (Hit Target Oct 07, 2003) Price Target raised to $22.33 from $22.00Cdn(Hit Target Oct 07, 2003) BPO.TO Price day before: $20.07 BPO Price day before: $14.93 US **************************** Standard & Poor's ……Feb 12, 2007 Maintained BUY Price Target $56.00US BPO.TO Price day before: $54.85 Finish day of posting:$53.90Current:$45.50 BPO Price day before: $46.71 Finish day of posting:$45.87Current:$17.52US -------Sept 22, 2006------- Maintained BUY Price Target $38.00US (Target Hit Nov 20, 2006) BPO.TO Price day before: $39.94 Finish day of posting:$40.32Current:$45.50 BPO Price day before: $35.93 Finish day of posting:$35.90Current:$17.52US ------Feb 11, 2006-------- Maintained BUY Price Target $35.00US (Target Hit Aug 31, 2006) BPO.TO Price day before: $34.10 Finish day of posting:$33.70Current:$45.50 BPO Price day before: $29.67 Finish day of posting:$29.40Current:$17.52US ************** Steve Sakwa....... Merrill Lynch……Jan 25, 2007 Price Target raised to $49.00 from $44.00US BPO.TO Price day before: $52.80 Finish day of posting:$53.95Current:$45.50 BPO Price day before: $44.73 Finish day of posting:$45.50Current:$17.52US **************************** Ross Nussbaum .......Banc of America ……Jan 19, 2007 Maintained NEUTRAL Price Target raised to $41.00 from $39.00US BPO.TO Price day before: $49.39 Finish day of posting:$50.18Current:$45.50 BPO Price day before: $41.99 Finish day of posting:$42.96Current:$17.52US -----Feb 13, 2006--- Downgraded to NEUTRAL from BUY BPO.TO Price day before: $34.10 Finish day of posting:$33.70Current:$45.50 BPO Price day before: $29.67 Finish day of posting:$29.40Current:$17.52US **************************** Jay Habermann....... Goldman Sachs……Dec 07, 2006 Upgraded to BUY from NEUTRAL BPO.TO Price day before: $46.13 Finish day of posting:$46.29Current:$45.50 BPO Price day before: $40.16 Finish day of posting:$40.13Current:$17.52US ****************** Carey Callaghan....... Goldman Sachs……Sept 24, 2004 Upgraded to OUTPERFORM from INLINE BPO.TO Price day before: $27.17 BPO Price day before: $21.23 US ****************** Kelly Woodall ....... UBS……Apr 30, 2004 Upgraded to BUY from NEUTRAL (Hit Target Oct 15, 2004) Price Target raised to $22.00 from $21.00US BPO.TO Price day before: $25.62 BPO Price day before: $18.73 US -------Feb 10, 2004-------- New NEUTRAL Price Target $21.00US (Hit Target Mar 05, 2004) BPO.TO Price day before: $26.67 BPO Price day before: $20.09 US *********************** Lee Schalop ....... Banc of America……Jan 15, 2004 Downgraded to NEUTRAL from BUY BPO.TO Price day before: $24.75 BPO Price day before: $19.13 US **************************** Jonathan Litt ....... Smith Barney Citigroup……July 25, 2003 Downgraded to IN-LINE from OUTPERFORM BPO.TO Price day before: $20.35 BPO Price day before: $14.58 US
******************** Brookfield Properties Corporation Short Positions on TSX Date Outstanding Price Range Oct 16 to 31, 2010 $18.30 to $17.31 Oct 01 to 15, 2010 1,426,299 $17.42 to $16.05 Sept 16 to 30, 2010 4,316,753 $16.44 to $15.56 Sept 01 to 15, 2010 4.18million $16.08 to $15.40 Aug 16 to 31, 2010 1.34million $15.50 to $14.60 Aug 01 to 15, 2010 1.82million $15.50 to $14.51 July 16 to 30, 2010 1.39million $16.88 to $14.72 July 01 to 15, 2010 2,019,855 $15.25 to $13.88 June 16 to 30, 2010 3,291,549 $16.07 to $14.47 June 01 to 15, 2010 3,231,081 $15.68 to $14.13 May 16 to 31, 2010 2,844,334 $16.29 to $14.36 May 01 to 15, 2010 3,828,766 $16.90 to $11.51 Apr 16 to 30, 2010 3,485,270 $16.57 to $15.63 Apr 01 to 15, 2010 2,165,988 $16.23 to $15.45 Mar 16 to 31, 2010 2,046,069 $16.15 to $14.67 Mar 01 to 15, 2010 2,932,103 $15.09 to $14.34 Feb 16 to 28, 2010 2,695,102 $14.90 to $13.56 Feb 01 to 15, 2010 2,621,528 $13.96 to $12.85 Jan 16 to 31, 2010 2,747,661 $13.42 to $12.51 Jan 01 to 15, 2010 3,693,695 $13.14 to $12.59 Dec 16 to 31, 2009 3,508,044 $13.61 to $12.69 Dec 01 to 15, 2009 2,764,286 $13.52 to $11.82 Nov 16 to 30, 2009 2,077,676 $12.57 to $11.58 Nov 01 to 15, 2009 2,595,584 $11.63 to $10.78 Oct 16 to 30, 2009 2,222,539 $12.15 to $10.81 Oct 01 to 15, 2009 5,321,140 $12.49 to $11.04 Sept 16 to 30, 2009 2,629,907 $12.59 to $11.27 Sept 01 to 15, 2009 2,585,633 $12.10 to $10.73 Aug 17 to 31, 2009 2,659,910 $12.43 to $10.70 Aug 04 to 14, 2009 5,222,458 $12.63 to $10.02 July 16 to 31, 2009 2,206,089 $10.24 to $8.74 July 02 to 15, 2009 2,449,840 $9.17 to $7.88 June 16 to 30, 2009 2,077,691 $9.38 to $8.04 June 01 to 15, 2009 2,077,691 $9.69 to $8.17 May 19 to 29, 2009 1,755,846 $9.05 to $8.10 May 01 to 15, 2009 1,795,515 $9.90 to $8.32 Apr 16 to 30, 2009 2,374,436 $9.79 to $8.10 Apr 01 to 15, 2009 2,096,492 $8.51 to $6.86 Mar 16 to 31, 2009 1,788,638 $8.00 to $6.45
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