Brookfield Property Partners L.P. BPY

Going up after the buyback

[hoffbag]

Barring an extreme dividend cut. There will be in excess of 74 million less BPY units sloshing around in the hands of traders. The BPY diehards will get their day.

[thenewsnake]

Clearly you don't know how the market works.  I know REITs that are 40% owned by management and very low debt and share count, Dream Office to name one, its still thrown around on the daily.  As long as theres some liquidity the traders can drop or raise this at their will

[hoffbag]

Clearly you trade in lots of 1 or 2.

[Lacas24]

Lot's means 1 with you? You keep bringing up Dream office as an example. That's how far your limited knowledge goes? Please share some more. I would like to hear 'lots" more.

[dileas48s]

I'm curious what folks on the board would consider an "extreme dividend cut". For me, although I don't want to see it, even a 50% dividend cut would still leave BPY as my highest dividend payer, based on my purchase price. What do others consider "extreme"?

[born2trade]

50% dividend cut would be extreme and very unlikely in my view. BPY has sufficient liquidity to maintain 12% dividend at current price without any additional borrowing. specifics, USD $7.2 billions in liquidity ($1.8 billion in cash , remaining credit ) by end of June 2020 compared to $1.3 billion in dividends paid last year . if second wave results in another lockdown then dividend cut is

[Lacas24]

I would consider a 50% dividend cut an extreme. Although I don't believe they would cut anything but in this case I would part all my commons and keep only the preferred shares. Up to 30% cut I would tolerate without selling my shares.

[hoffbag]

Anything greater than 25%. In excess of that sends a signal of greater recalibration required than riding out the pandemic storm.