Brookfield Property Partners L.P. BPY

Price spike

[FLYIN]

I wonder if this ride up is a buy on rumour, then sell on the news once the quarterly numbers are revealed?

[Vette08]

I don't know of any rumours but there are surely investors squarely on both sides of the fence here  and I think the earning results this week are going to move the stock more than normal. Thanks to the Barron's article and all the other talk on BPY lately, I have actually trimmed some of my purchases at the lower levels to manage risk. But I am still quite long.  

[tkirk62]

The biggest thing boosting BPY is the great results that SPG put out last week. They reported their leasing spread increased 14%, retailer sales per square foot increased 5%, and occupancy went up. This allayed the concerns about the malls. Riocan, SPG, and CBL are all up big this month.  There's no buy rumour/sell news going on. The rally will still depend on BPY's results obviously

[Vette08]

Agreed and thanks for the post....SPG results are definitely a good explanation for the move too.