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.

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Brookfield Property Partners L.P. > BAM Update Letter

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Comment by Vette08on Mar 25, 2020 9:40am

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Post# 30844923

RE:RE:BAM Update Letter

Chungas,

BAM has been built on the premise of buying long term assets at 12% IRR's for over 30 years....think real estate, toll roads, power generating stations.

So I like 12% returns, especially cash on cash returns, just like Bruce Flatt has stated for years, except here, I can step into a nice preferred security when the rest of the world is running scared, not me. Think of the people who bought into that security at $25, just 8 months ago.

Even if it compounds up at 12%, it gets paid out before any BPY unitholder.

Still long,
Vette

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