Bullboard - Stock Discussion Forum Brookfield Property Partners L.P. BPY

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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

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Brookfield Property Partners L.P. > So how does BPO Preferreds fit in this Huge Jungle

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Post by RagingBull3 on Jan 04, 2021 12:48pm

So how does BPO Preferreds fit in this Huge Jungle

of companies? Will BAM now backstop the Preferreds of BPO? BPO Preferreds took a jump up today... Why?

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Comment by Vette08 on Jan 04, 2021 1:17pm

I fully believe the BPO prefs have been undervalued for a long time because I believe BAM will backstop them, either with the takeout or not. We might even get lucky that they redeem some prefs at the $25 par value as they will probably work to clean up the structure of companies. BPY has privatized RSE, GGP, BOX.UN and BPO over the last 7 years and I am sure their structure ...more

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Brookfield Property Partners L.P.