Brookfield Property Partners L.P. BPY

Getting sunk hard today

[thenewsnake]

Disgusting man- D-ISGUSTING!

[Lacas24]

As usual you a barking nonsense just to intimidate inexperienced Investors. What was that disgusting drop you are referring to? BPYU close at 11.60. Down 0.6% a day. Wow. End if the world. Don't quote in here BPY.UN because that's not the reference. It s open to manipulation like no other.

[NPCexe]

Don't worry, q2 won't be as abysmal for bpy as riocan.. at least I hope! Bahahah!

[CANCDN]

Office side will be OK, thier retail side will be much worse. RioCan has 10% enclosed. BPY is about 70%. Payout ratio with be 140-150 unless they cut dividend, but based on recent renogtiation, they won't be allowed to pay out above 100% based on every other covenant that has been renogitated in this space UNLESS Bam pays for the overage.

[Capharnaum]

Please provide the text that says that. I've read the K-8 and to my knowledge this isn't true. As to the value of BPY properties, it is a lot about the location. They can eventually convert or add residential on those lots which will provide tremendous value in due time.

[CANCDN]

I agree long term BPY is a good value, but after August 28 it's going to drop 20%.  of course BPY isn't telling us exactly how to covenants have been renegotiated as that would tip their hand about covenants not allowing payout ratios more than x%. Usually it is 80%. I am assuming your new to REITs?

[Capharnaum]

The K-8 that specifies the covenant condition is available for all to read. Have you read it? Can you pinpoint something about your assumptions? Or are you just spreading your (misinformed) opinion as fact? Covenants can be about multiple things. In BPY's case, the restrictions are specified in the K-8 issued on July 29. Lastly, about payouts... They vary greatly but in general REITs pay out

[NPCexe]

Attaboy, keeping the jackals at bay Funny how lots of people can't cite their sources properly on this forum. That should be the number one rule: if you make a numbers claim, provide the source.

[rochester3]

BAm this BAM that.. bpy cant stand and alone without help.. riocan wont ever need a bail out.. i bought 1000 shares at 15 for a sqing trade.. ;)