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. > Q2 Results - transcript

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Comment by SargeXon Aug 07, 2020 12:14pm

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Post# 31379423

RE:Q2 Results - transcript

Hey Vette

Thanks for the post. I had always been a huge supporter of anything Brookfield owning a full position in BPY, BEP, and BIP. I must say that I'm getting a little concerned with all their bad press lately, what looks like finanacial engineering, and complicated and secretive structure.

I just got goosed on the BEP.UN -> BEPC split as their press release clearly stated that the record date was July 27th but it turned out to be July 29th.

My wife & I had about 15% of our entire portfolio with the 3 but have now reduced our BEP and BIP a bit. For now, we'll continue to leave them as they are but they are "on watch".

We are long term buy & hold so very rarely trim or sell anythng so this is obviously very serious.

Ciao
Sarge

Vette08 wrote:
The most important comments in the transcript ....IMHO.....if this words are anywhere close to the truth, BPY is a screaming buy.

"I will end my notes by highlighting that BPY ended the quarter with $13.5 billion of its capital invested in our global office business, comprising properties that are 92.3% leased for an average lease term of 8.6 years; $12.9 billion of its capital invested in our core U.S. retail business, comprising properties that are 94.7% leased for an average term of over six years; and we had $4.8 billion invested in our LP investment strategy, which is predominantly focused on three series of global opportunistic funds which continue to perform very well.

This $31 billion of invested capital is capitalized with approximately $2.5 billion of corporate level debt, $2.5 billion of perpetual preferred equity and $26 billion of equity attributable to our unitholders. Our IFRS value per share at the end of the quarter was $27.01 per unit."

Still long,
Vette