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.

NDAQ:BPY - Post by User

Brookfield Property Partners L.P. > BPY US$17.99 / BPYU US$18.58

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Comment by NPCexeon Apr 01, 2021 8:50pm

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Post# 32925811

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

Hi Vette, I agree this company's valuation will take several years before it reaches its true potential, however I was hoping we could keep the pressure on BAM to pay a bit more for the privilege of taking it private. Once covid is over, we will realize it was a big mistake. So what's the best way out of here now? 50% cash and the rest shares of what, preferreds or BAM?

Vette08 wrote: Hi NP,

The market for the month or so has been telling us where the deal was heading.....$18.17 is very much in the range,

As for the BPY NAV of US$28 disclosed by management relative to the valuation determined by Lazard being between $14-$18.5 per share is a complete disgrace and is a hit to the credibility of BPY management for sure. Lazard basically laughed at management by even suggesting US$14.

I think the truth is, BPY has lots of issues and they need to be fixed behind the curtain and the likelihood is that BAM did us all a favour by taking it out.

Vette