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. > Results

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Comment by gasholeon May 08, 2020 9:09am

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Post# 31002069

RE:Results

I dont like they only collected 20% of retail rents, but most of that is likely just deffered.... they have cash in the bank.. Looks good to me.

We are well-positioned from a liquidity perspective, ending the quarter with $7.2 billion of group-wide liquidity including $1.8 billion of cash on hand, $3.7 billion of corporate and subsidiary credit facilities and $1.7 billion of undrawn construction facilities.

Vette08 wrote: The results are fine and the commentary is very positive and it seems like things are well under control.

Things that caught my eye:

(i) No major initiatives and no asset sales
(ii) Dividend status quo ie no cut or suspension
(iii) NAV US$28.5(C$40!) - stated fundamentals of business disconnected from stock price...they continue to stand behind their NAV....this is important. Expect lots more NCIB activity.
(iv) Retail collections in April on 20% - ouch!
(v) No refinancings risk

Looking forward to conference call.

Vette