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.

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Post by SargeXon Feb 03, 2020 12:00pm

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Post# 30634523

BPY Price Action Lately

BPY.UN has been a little volatile lately. It had a good run-up when it was announced that it was replacing ECA in the TSX 60. Then it got beat up with Forever 21 looking like no buyer was going to step forward. I noticed today that BPY, Simons, and Authentic have put a bid in. Here's the link.

https://www.bnnbloomberg.ca/forever-21-has-us-81-million-bid-from-simon-brookfield-authentic-1.1383811

I still think we are in for a short term run with the TSX 60 annoucement. It will just take a bit of time for all ETFs and Mutual Funds to do their buying. In the long run, I still expect to see $30.

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