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. > Substantial Issuer Bid via Modified Dutch Auction

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Comment by Vette08on Mar 27, 2019 7:17am

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Post# 29540901

RE:RE:RE:Substantial Issuer Bid via Modified Dutch Auction

Well the "preliminary" (whatever that means) results for the Dutch Auction have been released:

BPY - Only 14.1M shares tendered and the final price was US$21 (wow!) and thus only US298M of the offered US405M was filled - which means NO sellers, even at US$21.

BPR - 4.7M shares tendered and the final price was only US$20.3 (wow?) and thus the full US95M offered was filled - which means lots of sellers, which says that either a bunch of arb funds bought shares right after the announcement of the Auction OR there is lots of sellers at the BPR level which is not great news - but its only US$95M.

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