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Brookfield Property Partners L.P. BPY

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

Comment by Vette08on Nov 28, 2018 8:39am
129 Views
Post# 29031952

RE:Buying

RE:BuyingHoffbag, I hope you are right that indeed the market is giving this company away.  I have taken my position too albeit at slightly higher share prices and I am being careful with additional capital allocation for now.

I think the recent price action is not good and the only way to turn this sentiment/trend around IMO is for management to deliver some solid Q4 results and some positive cash flow from asset recycling.  So I am looking forward to the earnings release in January or early February.

In the meantime, I kind of view the US$.315 ex dividend today as a sort of "rebate" on my higher price purchases. :)



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