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 now buying BPY shares

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Comment by Vette08on Mar 26, 2020 9:19am

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Post# 30848526

RE:BAM now buying BPY shares

Thanks for the info.

In Aug 2018, BPY issued 250 mil shares at US$21 per share to buy GGP and here they are buying those same shares back at 39 cents on the dollar.......BAM is taking aim. (Since the GGP acquistion, BAM/BPY have repurchased over 50 mil shares of BPY at prices much lower than $21.)

As I have said for 2 years, I hope BAM does not screw us loyal unitholders by taking BPY out on the cheap.

And I hope BAM has not stepped in to buy shares because BPY does NOT have the dry powder.

Vette

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