Brookfield Property Partners L.P. BPY

The Covid 19 effect on REITS

[Trippleline1]

I can see the complications caused by Covid 19 on REITS abilities to collect rent on any properties but the greatest impact seems to be on retail holdings. Do you think BPY's continuing decline could be indicative of poor upcoming quarterly earnings or is it a market wide downturn? Any thoughts?

[infinityholder]

Combination of a economic downturn, other REITs reporting not-great collection numbers earlier this week, fear of a dividend cut and fear of a downturn in the property market. These are all viable reasons, but also giving a great opportunity to pick up cheap shares. The more this market get's wrecked, the more long term value there is here. Brookfield + subsidiaries thrive when in economic

[jaybull79]

I totally agree! I also think e-commerce exhaustion is going to set in for the masses who are locked down. Retail/office/malls are going to be totally fine after this. Things may start out slow, but a social boom will take hold at some point and last for quite a while. The scars of lockdown will be a tailwind. And COVID is a social scar, not just economic, the likes we've ever seen before

[FLYIN]

I think we will see speculative buying up to May 2nd and the sell on news

[2cheaky]

Agreed, I was in Bpyu on TSX from $10.50 , sold this morning $13.68 after a nice few day run, will stay in cash until after earnings, GL

[shawshank2]

I think you are off on this but you do you. The stock has fallen 60% in the last 3 months same as others because everyone know q2 will be a write so earnings have already been priced in. The market is forward looking. I plan to get on the train and ride. It will double in 2 months and that 13% divy is worth some turbulence upwards

[2cheaky]

Also agree Brookfield is one of the strongest when looking at REITs, that being said I was up 30% from my $10.50 entry, had to take that, one of my trading rules is to take profits off when I hit a home run, thought about leaving a little skin in the game but believe there will be plenty of good entries in the coming months, I still hold my $20 target for Bpyu but dont think it's coming in

[BlueJay2020]

The topic of 'selling targets' is an interesting one in these interesting times.  Perhaps in normal circumstances a 30% profit, and especially a quick one, would be worth cashing in.  However, my perspective on this is I need to be greedier than that in the current environment.  I am trying to let my winners run, because they were depressed so much when I bought them that a

[shawshank2]

The whole market is a penny stock and trump has shown he will pump it to all time highs. I spent the last month dipping my toes and left 50% profit on the table. If it falls back down i will buy more for long hold. Dont fight the fed and dont doubt a brookfield

[2cheaky]

Like you said man, you be you, its all good, whatever works for you, im more of a wave pattern trader, i believe we are in the middle of a wave 3 up,with another down day to go before continuing up, BUT this is all part of a larger wave 4 down, just my thoughts but we could see $8 handle, will at some point hit $20 but i dont see it for a while, im hoping for another test of around $12 and then

[Broker49]

This is our perspective on this aswell. We have a $10.74 average cost and firmly believe that this is a double ten months out, while earning a juicy dividend in the meantime. The TSX has formed a check mark shaped recovery and we have already bottomed, this will grind higher from here. The charts on our watch list all show the same check mark pattern.