Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

NDAQ:BPY - Post Discussion

Brookfield Property Partners L.P. > Table Pounding Buy!!!

View:

Post by Broker49 on Dec 23, 2019 3:44pm

Table Pounding Buy!!!

Book value of $29.13 trading at $23.82. Owns some of the best property in the world, trading at 13 times earnings. Held by BAM. 7.3% dividend need I say more. This should actually be trading at a premium to NAV. Interest rates aren't going higher anytime soon, more probability that they go lower. This should be in every portfolio. We added a full position today as this is the best deal around at this time.

311

Comment

Comment by Capharnaum on Dec 23, 2019 5:57pm

Even better, book value of $29.13 is USD... while trading value of $23.82 is CAD. It is trading at less than 0.62x BV.

347

Comment

Comment by Vette08 on Dec 24, 2019 5:27am

Just a further clarification......Book Value (BV) in the traditional sense is historical cost, that is, its original purchase price.....believe me, the guys at BAM absolutely love when we mix up NAV and BV. The USD$29.13 being referred to is essentially managements "best" estimate of value using various assumptions and discount rates. Make no mistake though, if Bruce Flatt ...more

351

Comment

Brookfield Property Partners L.P.