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Brookfield Property Partners L.P. T.BPY.UN


Primary Symbol: BPY

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

Comment by Vette08on Apr 01, 2021 8:10pm
228 Views
Post# 32925712

RE:RE:RE:RE:BPY US$17.99 / BPYU US$18.58

RE:RE:RE:RE:BPY US$17.99 / BPYU US$18.58As it turned out, I kept a position as it looks like Mr Market is going to let us trade BPY a bit more.  I thought for sure it would trade up closer to the deal price.  2o millions shares traded today and many shareholders said good bye.  There could be another $0.77 of value to be realized over the next few months as management expects closing in the 3rd quarter.  That is like 4% (or 12% annualized)

The remaining hurdles to closing is the vote which I think is a slam dunk.  And the only other issue is the mix of cash, BAM stock and the preferred.    

Personally, I am content owning BPY today at US$17.74  (ie 43 cent discount or over 2%), with another US$0.33 dividend coming in June and in the end owning the mix of BAM, Cash and/or Prefs.

Vette
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