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. > Financial Times Article

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Comment by SargeXon Feb 06, 2020 11:52am

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Post# 30652269

RE:RE:RE:Financial Times Article

Hey Vette

Thanks for all your insightful postings. I appreciate all your comments.

I still think BPY.UN will ultimately be fine and get back to $30 at some point. This might be a bit of blind faith in the management as well as it being well below NAV.

I'm a retiree and my wife and I live entirely off dividend income, OAS, and CPP so when the dust settles, share price doesn't really matter as long as the divys keep rolling in and at a 7% yield, they sure do with BPY.

Take her easy
Sarge

Vette08 wrote: I agree with you that this a non-issue if BAM owns 100% of BPY and no one would care about the internal sale.

And I agree with you that BAM owns a ton of BPY, but this ton is only 50%, not 100% (its loyal unitholders like us who happen to own the other 50%). Massive internal sales between such entities is always a major governance issue and requires excessive disclosure and I can tell you I was shocked back then when there was virtually no disclosure on the transaction discussed in the article..

I am sure this journalist is an amateur on financial dealings, but I will bet the insiders (or former insiders) he spoke to are not.

The facts are, on the same day this article was released, BPY released its results and its CEO is on the conference call talking about not raising the dividend blah blah blah......this is troubling to say the least.

The premise of my touting BPY on this thread has been all about BPY being Bruce Flatt's darling etc and now its not unreasonable to wonder if its quite the opposite and CEO Kingston is just his lacky to push things through the sandbox. Maybe this is in part why BPY has dramatically lagged BBU BEP and BIP in returns.

Nonetheless, I look forward to seeing what Bruce Flatt says about BPY in his upcoming BAM shareholder letter.

Vette