Brookfield Property Partners L.P. BPY

From BAM's shareholders letter

[Jsboutin]

Something interesting came up in BAM's shareholder letter this morning, clearly regarding BPY's (and possibly BBU's) lagging market price and their market purchases. Notably, this segment comes just before a section on Retail real estate.
"Furthermore, where these discounts persist, we will also always consider more meaningful changes to these entities in order to maximize value."
The conference call today should be interesting to BPY unitholders.

[shawshank2]

Yes i always wondered if bpy would just get sucked into the mothership think of all the money they would save and make. Problem is it may be a direct share exchange which i dont think the market would like

[born2trade]

Those who need dividend income will not like the direct share exchange but many will take 2:1 exchange - roughly valuing BPY over C$20 per share. In my view, BAM will wait for the recovery until 2020 or early 2021 before offering direct share exchange.  Referring to a section from BAM'S 2019 annual report     "Lastly, these retail centers sit on 100+ acre land

[shawshank2]

2:1 share exchange would be pretty awesome. They are bang on despite the stock market being fu cky the land they own is absolute best in the world. Glta def long this stock just waiting to further load up due to technicals right now

[Vette08]

Hi JS, Just read the s/h letter and conference call transcript. I think it was interesting that the BPY CEO was on the call and ther was definitely a real estate focus. But I would say there was nothing of significance revealed other than they continue to stand directly behind their strategy and belief in their retail malls and see zero issues in their office assets. Despite BPY share

[BlueJay2020]

Having the BPY CEO there was designed to send a very clear message to the market that they remain fully committed to BPY.  The dividend is safe, and very hard to see material downside (plus 25%) from here.   I don't see any need for bringing BPY back in house until they have fimished their spending spree.

[SNAKEYBOY]

Doesnt matter what BPY CEO does or the reputation of the private equity firm, the REIT asset class will sink or swim as a  group.   VIRUS + LOCKDOWNS = BAD.  VACCINE = REOPENINGS = GOOD.  CEO running his mouth can't change a fact