Brookfield Property Partners L.P. 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. > Brookfield Fatigue

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Comment by SargeXon Jan 05, 2021 6:08pm

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Post# 32229387

RE:RE:Brookfield Fatigue

Hey Vette

Thanks. My preference on the subs has always been BIP and probably still is. I mainly bought BEP because I liked their hydro and global diversification. I obviously never expected a return like we got. One of the other reasons we sold all our BEP is that the yield had gotten to well under 3%. Since we are dividend income/growth retirees, I figured there was better places for income.

Right now, we still have 2240 shares of BPY.UN. As I mentioned, i'd like to sell another 740 at somewhere between $21.64 and 21.80. I would then consider selling another 700 if it gets to $22.70 and hold the last 800 for the take-over.

I will have missed out on some profits on what we've sold if they do sweeten the deal but I figure selling part is a good hedge.

When the dust settles, our Brookfield exposure will only be BIP.UN.

Thanks again on all your posts.

Take her easy
Sarge

Vette08 wrote: Sarge,

I agree, US$16.5 is way too low relative to what BAM and BPY have been telling us about NAV. I fully expect a sweetened offer, otherwise, the BPY management and its "independent" board look ridiculous here, pandemic or no pandemic.

I would say BAM et al has been pretty good to you. With 20/20 hindsight, BEP was the one to buy and I had a bit but not enough. $140K profit on BEP is excellent. Congrats.

All the best,
Vette