BPY ResultsBPY just released their results......my quick takeaways:
(i) As I noted in my last post...."retail" results are suffering as Q4 contribution was $217 million this quarter vs $270 in Q4 last year and good riddance to Sandeep Mathrani.
(ii) NO dividend raise.
(iii) Not sure how NAV per share can increase to US$$29.73 per share from US$28.73 per share last year while results are declining and no dividend raise.
(iv) NO capital inititiatives announced similar to last years Substantial Issuer Bid.
Trading today will be interesting and lets see what Mr Kingston has to say on the conference call. Lets hope I am missing something in the results.
Vette