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. > BAM Update Letter

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Comment by SargeXon Mar 23, 2020 12:12pm

254 Views

Post# 30837811

RE:BAM Update Letter

Hey Vette

Thanks for the posting and for always keeping us up to date on the Brookfield family. I had actually been wondering when they might start making some moves. I figure that will be a sign that we are near the bottom as they are so good at getting those distressed assets at a great deal.

Take her easy
Sarge

Vette08 wrote: BAM issued its own "update" letter this morning......very comforting and as I said in one of my recent posts, it is at times like these that Bruce Flatt takes aim.

A key point in the letter for me, BAM is taking aim at the stock market for creating value. He implied that he sees more value in the stock market, that is, more than even buying his own common stock of BAM.

I purchased a bunch of the BPYPP preferred shares last week.....12% yield. These shares were issued at $25 par value in just August last year.

Still long,
Vette