Brookfield Property Partners L.P. T.BPY.UN

Primary Symbol: BPY

Real Estate

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as the office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and the corporate sector. It generates a majority of revenue from the LP Investments segment.

NDAQ:BPY - Post by User

Brookfield Property Partners L.P. > Obvious Arbitrage play here

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Comment by dileas48son Jul 16, 2020 10:32am

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Post# 31275543

RE:RE:Obvious Arbitrage play here

Thank you for pointing that out. Also, in my scenario I was considring retaining the shares I currently own, and buying up to the amount (extra) that I could tender in the future.

Capharnaum wrote:

dileas48s wrote: My shares are in my Canadian account, so if I assume $12 USD = ~ $16.20 CDN I can pretty much buy shares all day long at $15 - $15.30 (or lower) and make at least $0.90 CDN / share over about 5 weeks (dependant on exchange obviously).

Is there something I'm missing here, other than the possiblity that BPY might rescind the offer?

If more shares get tendered than the offer, than you would only return a proportional number of shares back.

Ie: if 25% of shares get tendered, then only 4/5 shares tendered will be bought back. So you'll be left with 1/5 shares.

So it's not guaranteed, but imo they won't hit 20%.