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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 Jun 11, 2019 6:24am
154 Views
Post# 29814332

RE:RE:RE:RE:What have I missed

RE:RE:RE:RE:What have I missedCorrection to my last post.....in the Month of May, the company bought back 1.652 million shares at an average cost per share of $19.25 (which is better than the US$21 offered back in the substantial issuer bid).

It is good to see management continues to be active, but it would be nice to see the original US$500 million offered in the substantial issuer bid get completed. I calculate they have spent only US$433 million of the original amount offered.  

If the price continues to stay well below the US$21 level, we should see continued buybacks.  
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