RE:RE:RE:When BAM is running things ....Yup, thats very true...... and everything in the REIT space is "undervalued" right now... HR, BPY etc etc etc.... they will all trade for well under "book value" until they can prove they are worthy of their book value... My house is worth a million dollars.. except when I try to sell it.... These companies have to prove they are getting their rents long term, not just a couple quarters, long term... that means bye bye covid, and everyone out shopping again or any of the retail reits are going to hurt big time... Go to a mall right now and start a business at $50/sq ft rents... good luck to you... 5000 sq ft store at $250,000 per year in rent.. hope you start selling right off the bat !! Im in retail and have more than one location.. its scary.
SargeX wrote: I totally doubt $26-27 any time in the next couple years. Dream on.
My wife and I are long term holders of BEP, BIP, and BPY but think that BPY is a bit of a disaster. Brookfield management just abuses it and has the dough following upwards to BAM and they aren't too concerned about the retail investor.
I always used to have total faith in Brookfield and really like BEP & BIP but don't think they give BPY a fair shake.
We will continue to hold but I think we're a "tad" more realistic than you. If Brookfileld doesn't doesn;t take it out and preivatize it at a lower price, I think it might get to $20 Cdn in a couple years.
Ciao
Sarge
rapid_fire_ wrote: with a Book value of 31.93 this morning , I dare saay a wee bit undervalued . Back up to 26-27 range soon !