RE:RE:Going up after the buyback50% dividend cut would be extreme and very unlikely in my view. BPY has sufficient liquidity to maintain 12% dividend at current price without any additional borrowing. specifics, USD $7.2 billions in liquidity ($1.8 billion in cash , remaining credit ) by end of June 2020 compared to $1.3 billion in dividends paid last year . if second wave results in another lockdown then dividend cut is more likely.
even with 50% dividend cut , most of us who got in around April/May will be fine with yield in excces of 8% plus capital gains in next 12-18 months.