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. > Bpy cant pay mortgages

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Comment by Capharnaumon Jun 21, 2020 11:15pm

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Post# 31175295

RE:RE:RE:RE:Bpy cant pay mortgages

They're offering deferral of rent and they're asking the lenders for deferral of mortgage payments. Sounds to me like they're consistent.

Shopowners, even small one, have a business risk. Rent is one of them. Why should BPY take the risk for them by waiving the payment (instead of deferring it)? Also, if they are going to defer rent, then they should absolutely check that the business can be sustained, otherwise they're lending that tenant money that they won't get back.

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