Brookfield Property Partners L.P. 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.

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Brookfield Property Partners L.P. > BAM Shareholder Letter - Q3

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Comment by SargeXon Nov 29, 2019 12:03pm

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Post# 30405872

RE:RE:RE:RE:RE:RE:RE:RE:BAM Shareholder Letter - Q3

Hey Red

You're welcome. Both BEP.UN & BIP>UN have had big runs since tha annoucement so looks like investors like it. I think it has something to do with certain funds only investing in corporations and not MLPs.

Not sure if these lofty share prices can be maintained or not. BEP is up 75% YTD and BIP is up 47%. Definitely my 2019 heroes with 2500 shares of each.

Sure has been a great year to be a buy & hold Cdn dividend investor. :-)

Ciao
Sarge