Brookfield Asset Management Should Prosper Despite Brookfield Property Partners
- Real estate and Infrastructure are the biggest sources of fees for the new BAM. Concerns about BPY's Real Estate may be negatively affecting BAM shares. Based on comps, BAM appears undervalued. Analysis of BPY makes these concerns hardly justified. BAM is likely to climb once the company starts increasing its dividends.
- 06/04/2023
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Forget Brookfield L.P. Units. Buy The Preferreds For A 56% Yield To Maturity Opportunity
- BPY preferred shares present an enticing investment opportunity, boasting a lucrative quarterly dividend yield. BPY's financial position and profitability trends are worrisome to common equity holders but not enough to cause alarm over debt repayment and preferred dividend distribution.
- 03/12/2023
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Brookfield Investor Day 2021: Building Empire At Full Throttle
- Brookfield Investor Day 2021: Building Empire At Full Throttle
- 10/01/2021
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Brookfield Property Partners Announces Results of Unitholder Elections in Privatization Transaction
- All dollar references are in U.S. dollars, unless noted otherwise 1
- 07/23/2021
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Brookfield Property Partners Obtains Final Court Approval for the Privatization Transaction and Brookfield Property REIT Announces Intention to Redeem Its 6.375% Series A Cumulative Redeemable Preferred Stock
- BROOKFIELD NEWS, July 20, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“BAM”) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced that BPY has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement whereby BAM will acquire all of the limited partnership units of BPY (the “transaction”).
- 07/20/2021
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Why Warren Buffett Buys REITs Instead Of Rental Properties
- Warren Buffett has a history of favoring REITs over rental properties. In past shareholder meetings, he explains that he dislikes private real estate investments for a number of reasons.
- 07/03/2021
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Brookfield Property: Replacing Your Income
- Brookfield Property: Replacing Your Income
- 06/28/2021
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Brookfield Property Partners Announces Mailing of Circular for Special Meeting of Unitholders to Consider Privatization Transaction and Provides Update to Transaction Consideration
- BROOKFIELD NEWS, June 17, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (Nasdaq: BPY; TSX: BPY.UN) announced today the mailing of a management information circular (the “Circular”) and related meeting and proxy materials to unitholders in connection with the upcoming special meeting of unitholders. The meeting is called to consider Brookfield Asset Management Inc.'s (“BAM”) acquisition of all of the limited partnership units of BPY (the “transaction”). In accordance with the terms of the interim order of the Ontario Superior Court of Justice (Commercial List) obtained on June 7, 2021, the special meeting will be held virtually on July 16, 2021 at 11:00 a.m. (Toronto time) via live audio webcast. BPY unitholders can access the meeting by visiting www.virtualshareholdermeeting.com/BPY2021. Only BPY unitholders of record as of the close of business on June 8, 2021, the record date set for the meeting, will be entitled to vote their units at the meeting. Details on how to vote and how to participate at the meeting via the live webcast are contained in the Circular.
- 06/17/2021
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Brookfield Property Partners Sets Record Date for Special Meeting of Unitholders to Consider Privatization Transaction
- BROOKFIELD NEWS, May 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (Nasdaq: BPY; TSX: BPY.UN) announced today that the record date for its upcoming special meeting of unitholders to consider Brookfield Asset Management Inc.'s (“BAM”) acquisition of all of the limited partnership units of BPY (“the transaction”) will be June 8, 2021. Only unitholders of record as of the close of business on the record date will be entitled to vote their units at the meeting. The special meeting is expected to take place on July 16, 2021.
- 05/27/2021
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Retail Rescuer Authentic Brands Could IPO in 2021
- The brand development and management company could seek a $10 billion valuation.
- 05/25/2021
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Mall REITs: Only The Strong Shall Survive
- Despite reporting record-low occupancy rates and rental rate spreads, mall REITs have been the best-performing property sector this year, riding the vaccine-driven reopening rotation to gains of more than 40%.
- 05/20/2021
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Brookfield Property Partners to Release First Quarter 2021 Financial Results on Friday, May 7, 2021
- BROOKFIELD NEWS, April 13, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its first quarter 2021 financial results will be released before the market open on Friday, May 7, 2021.
- 04/13/2021
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Exclusive: Athene to take over $2.8 billion in J.C. Penney pension obligations
- J.C. Penney Co Inc said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd, ensuring that the U.S. department store chain's retired employees will continue to get their benefits.
- 04/01/2021
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Brookfield Asset Management Reaches Agreement with Brookfield Property Partners to Acquire 100% of BPY Units
- --- Aggregate consideration payable to the public of $6.5 billion --- Unitholders can elect for each BPY unit $18.17 in cash, 0.3979 of a Brookfield Class A Share or 0.7268 of a BPY preferred unit, subject to pro-ration, for an aggregate consideration mix of approximately 50% cash, 42% Brookfield Class A Shares and 8% BPY preferred units --- BPY's Independent Directors Unanimously Approve Transaction
- 04/01/2021
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Brookfield Stocks: Which Type Of Shares Should You Hold?
- Brookfield stocks have reported robust performances for several years. Most of them trade on both the Canadian and U.S. markets and offer generous dividend payouts. However, understanding the differences between Brookfield Infrastructure, Renewable, Properties or Asset Management could be a real puzzle to solve.
- 03/24/2021
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Brookfield Property Partners Completes 2020 Annual Filings
- BROOKFIELD NEWS, March 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) announced today that it has filed its 2020 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2020, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR. These documents are also available at bpy.brookfield.com and a hard copy will be provided to unitholders and other interested parties free-of-charge upon request.
- 03/01/2021
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Dividend Champions For March 2021
- Monthly update of the Dividend Champions List.
- 03/01/2021
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This Stock Has A 7.74% Yield And Sells For Less Than Book
- Brookfield Property Partners has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report.
- 02/26/2021
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Many Malls Are A Pandemic Away From Extinction
- Many Malls Are A Pandemic Away From Extinction
- 02/07/2021
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Why Brookfield Property Partners Spiked 17.7% in January
- The shopping mall and commercial office space owner got an offer it will find difficult to refuse.
- 02/06/2021
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Mall Owner Brookfield Property Partners Loses $2 Billion In 2020
- Brookfield Property Partners, which operates numerous malls around the U.S., lost $2.06 billion last year, according to its newest financial report. The company's funds from operations (FFO) were $167 million for the quarter that ended Dec. 31 compared to $367 million the year prior, the report stated.
- 02/02/2021
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Brookfield Property Partners L.P. (BPY) CEO Brian Kingston on Q4 2020 Results - Earnings Call Transcript
- Brookfield Property Partners L.P. (BPY) CEO Brian Kingston on Q4 2020 Results - Earnings Call Transcript
- 02/02/2021
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Brookfield Property Partners Reports Fourth Quarter and Full-Year 2020 Results
- All dollar references are in U.S. dollars, unless noted otherwise.
- 02/02/2021
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Brookfield Property: Get Extra Income While You Wait
- Brookfield Property Partners L.P. got an offer from its parent company. We run some calculations on NAV to show that this is very generous. We suggest some ways to harvest extra income while you wait.
- 01/28/2021
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J.C. Penney Is Searching For Its Next CEO. Here's What The Board Should Be Shopping For
- In addition to focusing on new product categories, J.C. Penney's next CEO must fix the company's inventory accuracy problem.
- 01/17/2021
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'BAM-tastic' Brookfield Buy
- 'BAM-tastic' Brookfield Buy
- 01/14/2021
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Brookfield Property Partners to Hold Conference Call & Webcast of Fourth Quarter and Full-Year 2020 Financial Results Tuesday, February 2, 2021 at 11:00 AM (ET)
- BROOKFIELD NEWS, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its fourth quarter and full-year 2020 financial results will be released before the market open on Tuesday, February 2, 2021. Analysts, investors and other interested parties are invited to participate in the company's live conference call reviewing the results on Tuesday, February 2, 2021 at 11:00 AM (ET). Scheduled speakers are Chief Executive Officer Brian Kingston and Chief Financial Officer Bryan Davis.
- 01/12/2021
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2 Lessons From The Demise Of Brookfield Property Partners
- BAM has proposed to take BPY private. The move would lock in losses for many investors in BPY, but is in the best interest of BAM shareholders.
- 01/10/2021
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Brookfield Property Partners' Canadian Preferred Shares Will Remain Outstanding And Are Currently Cheap
- Brookfield Asset Management is buying Brookfield Property Partners. Both firms have outstanding Canadian preferred shares, all of which will remain outstanding following the close of the deal.
- 01/10/2021
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Brookfield Property Getting Bought Out - New Diversified ETF
- Unfortunately, I woke up Monday morning to the news of BAM and other institutional investors wanting to take Brookfield Property Partners private. This stock was too cheap and Bruce Flatt said earlier in the year this one is an easy double in the coming years.
- 01/08/2021
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Brookfield's New Year Surprise
- Brookfield Asset Management recently made an offer to take its real estate partnership, Brookfield Property Partners L.P., private. This has ramifications far beyond investors in the partnership and U.S. REIT equivalent. Combined with the recently-renegotiated Taubman deal, we have concrete data on a distressed sector.
- 01/08/2021
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Why Digital Realty Rose 16% in 2020, but W.P. Carey and Brookfield Property Fell Sharply
- Pandemic-stricken 2020 was bad news for most property sectors, but some still managed to shine. Here's what you need to know.
- 01/04/2021
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Brookfield Wants to Buy Out Real Estate Arm. It May Have to Raise Its Offer.
- Brookfield Property has pegged its net asset value at nearly $27 a unit.
- 01/04/2021
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Brookfield Asset Management Offers to Buy the Rest of Brookfield REIT for $5.9 Billion
- The market has failed to properly value the REIT's underlying assets, Brookfield Asset Management believes.
- 01/04/2021
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Brookfield Asset Management (BAM) Makes Bid To Take Brookfield Property (BPY) Private In $5.9 Billion Deal
- Brookfield Asset Management Inc (NYSE: BAM) has made an offer for taking its commercial real estate operation Brookfield Property Partners LP Unit (NASDAQ: BPY) private in a $5.9 billion deal. These are the details.
- 01/04/2021
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Why Brookfield Property Partners and Brookfield Property REIT Rocketed Higher at the Open Today
- The two share classes of this diversified landlord took off thanks to parent Brookfield Asset Management. Sound confusing?
- 01/04/2021
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Brookfield Asset Management offers to take Brookfield Property private in $5.9 billion deal
- Brookfield Asset Management said Monday it has proposed to take its commercial real estate arm Brookfield Property Partners private in a $5.9 billion deal.
- 01/04/2021
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Brookfield Property Partners Acknowledges Brookfield Asset Management's Privatization Proposal and Establishes a Committee of Independent Directors
- All dollar references are in U.S. dollars, unless noted otherwise.
- 01/04/2021
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Brookfield Asset Management offers to buy limited partnership units of Brookfield Property for $5.9 billion
- Brookfield Asset Management Inc. said Monday that it has offered to buy all the limited partnership units of Brookfield Property Partners LP that it does not already own for $16.50 per unit, or $5.9 billion in total. Unitholders can elect to receive $16.50 in cash per each BPY unit, 0.40 Brookfield Class A shares or 0.66 of BPY preferred units with a liquidation preference of $25 per unit.
- 01/04/2021
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J.C. Penney Ousts Its CEO Weeks After Bankruptcy Sale
- The retailer is appointing an interim CEO and creating a temporary group management arrangement.
- 12/31/2020
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JC Penney Dumps Another CEO
- J.C. Penney, now 118 years old, has, or had, a CEO who made it barely two years in the job.
- 12/31/2020
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J.C. Penney CEO Jill Soltau ousted by new owners
- J.C. Penney Co. Chief Executive Jill Soltau has been replaced by the beleaguered retailer's new owners.
- 12/30/2020
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JCPenney begins new CEO search for fresh start
- The 118-year-old retail giant's new owners, Brookfield Partners and Simon Property Group, announced that they are looking for someone "focused on modern retail, the consumer experience, and the goal of creating a sustainable and enduring JCPenney.".
- 12/30/2020
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A Look At The Astronomical Leverage At Brookfield Property
- Brookfield Property Partners has come through 2020 without a dividend cut. The company received a vote of confidence from the parent during this tumultuous year.
- 12/30/2020
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JC Penney CEO Jill Soltau to leave retailer after emerging from bankruptcy with new owners
- J.C. Penney CEO Jill Soltau, who was tapped to turn around the struggling department store, will leave the company at the end of the month.
- 12/30/2020
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J.C. Penney starts search for new CEO as Soltau to exit
- (Reuters) -Department store chain J.C. Penney Co Inc said on Wednesday new owners Simon Property Group and Brookfield Asset Management Inc have begun a search for a new chief executive officer to replace Jill Soltau.
- 12/30/2020
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JCPenney Charts a Fresh Course and Initiates a Search for a New Chief Executive Officer
- PLANO, Texas--(BUSINESS WIRE)--JCPenney's new ownership group has launched a search for a Chief Executive Officer to replace Jill Soltau.
- 12/30/2020
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Class A Malls Have More Upside In 2021
- The retail apocalypse is not threatening all malls to the same degree. Attractive malls in densely populated markets will remain in use for a long time.
- 12/28/2020
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The J.C. Penney Sale Is Complete -- Now the Hard Work Begins
- Can its new mall owners make a viable business out of a bankrupt retailer?
- 12/15/2020
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Brookfield Property Partners Is Adapting For The Future
- The roller coaster ride that defined 2020 may be heading up again. The future of retail is changing but not ending and that should be comforting to investors.
- 12/09/2020
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J.C. Penney's retail and operating assets to exit Chapter 11
- J.C. Penney Co Inc said on Monday its retail and operating assets would exit Chapter 11 as two of its biggest landlords, Simon Property Group and Brookfield Asset Management Inc, have acquired nearly all such assets.
- 12/07/2020
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This Is the Big Ticking Time Bomb in Retail's Recovery
- The industry needs to get out in front of this disaster in the making before it's too late.
- 12/02/2020
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Learn To Invest Like The Millionaire Next Door
- One of my favorite books is The Millionaire Next Door, a bestseller on the truth about America's millionaires. I remember reading the book around 20 years ago, when my own net worth was a few million dollars.
- 12/01/2020
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3 REITS to Buy for November
- Many REITs have been battered by the coronavirus pandemic, but they still boast healthy dividends and have potential to recover quickly. The post 3 REITS to Buy for November appeared first on InvestorPlace.
- 11/23/2020
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6 Stocks to Buy With Dividends Yielding More Than 6%
- These two beaten-down sectors offer some big-time dividends.
- 11/15/2020
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J.C. Penney on track for Chapter 11 exit before holiday shopping season
- JCPenney's retail and operating assets to be acquired by Brookfield Asset Management and Simon Property Group.
- 11/10/2020
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J.C. Penney rescue deal approved in bankruptcy court
- A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered department store chain out of business and jeopardized tens of thousands of jobs.
- 11/09/2020
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Brookfield Property Partners: Dividend Safety In Question
- We had a bullish take on Brookfield Property Partners when we last wrote on it. We examine the recent results in light of the stock price gaining 70% since then.
- 11/09/2020
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Brookfield Property Partners L.P. (BPY) CEO Brian Kingston on Q3 2020 Results - Earnings Call Transcript
- Brookfield Property Partners L.P. (BPY) CEO Brian Kingston on Q3 2020 Results - Earnings Call Transcript
- 11/06/2020
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Can Office Real Estate Rebound After the Pandemic?
- Will the remote work trend permanently harm office REITs?
- 11/06/2020
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Good News for Mall Owners: J.C. Penney Rescue Deal Nears Completion
- America's two largest mall owners are on track to take control of the bankrupt department store giant's retail operations within weeks.
- 11/05/2020
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J.C. Penney enters asset purchase agreement with Brookfield, Simon
- J.C. Penney Co Inc said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc , Simon Property Group and a majority of the company's first lien lenders.
- 10/28/2020
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What Goes Up Must Come Down
- The tech-wreck dragged on as U.S. equity markets declined for the second-straight week after Congress failed to reach a compromise on a renewed stimulus package and after a potential vaccine setback.
- 09/12/2020
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The Mall Meltdown Is Underway
- There was a time when malls were thriving communities – agoras, if you will – where people went to sell, shop, eat, unwind, catch up, and hang out.
- 09/11/2020
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The Retirees' Dividend Portfolio: John And Jane's August Taxable Account Update
- The Taxable account generated $1,674.90 of dividends in August of 2020 compared with $1,591.52 of dividends in August of 2019.
- 09/10/2020
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Wall Street Breakfast: Race To The Bottom For Central Banks
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 09/10/2020
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Brookfield Property REIT: 11.9% Yield, Higher Risk
- Brookfield Property REIT offers an 11.9% dividend yield that is hard to ignore. While clearly there are concerns given its exposure to malls and retail, there are increasing signs of attractiveness and value for investors.
- 09/06/2020
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August 2020 Dividend Portfolio Update
- Markets were racing to all-time highs in August fueled by technology stocks and the mega caps. I am continuing my monthly investment plans and suspiciously follow the massive rally in technology stocks.
- 09/05/2020
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Brookfield Property's Huge 11% Yield Makes It A Great Income Pick
- Brookfield Property has great management. The company's shares trade inexpensively based on book value and IFRS real estate value.
- 09/04/2020
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Brookfield Property Partners: Should Your Shares Be Running This Bumpy Ride?
- BPY excels in finding undervalued assets and integrating them in its portfolio. If you are looking for a bumpy ride, hop on this train! I'm holding my shares as I'm convinced the play will pay off eventually..
- 08/27/2020
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Not So Common Fixed Income Preview
- A review of all floating-rate preferred stocks, third-party trust preferred securities, trust preferred stocks, and preferred units.
- 08/26/2020
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Thinking About Malls
- The narrative in the media about the retail apocalypse is false and the one about the demise of department stores may be too.
- 08/25/2020
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Dividend Challenger Highlights: Week Of August 23
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 08/22/2020
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Simon Property: E-Commerce Exposure On The Rise Through Authentic Brands Group And SPARC
- Simon, through its SPARC Group LLC vehicle, a joint venture with Authentic Brands Group, recently acquired Brooks Brothers and Lucky Brands out of bankruptcy.
- 08/21/2020
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Brookfield Property REIT Inc. Announces Final Results of Tender Offer
- BROOKFIELD NEWS, Aug. 18, 2020 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today the final results of its tender offer (the “Offer”) to purchase up to 9,166,667 shares of its Class A Stock for cash at a price of $12.00 per share. The Offer expired at 5:00 p.m. (Eastern time) on August 12, 2020. Based on the final count by the paying agent and depositary for the Offer, a total of 7,321,155 shares of Class A Stock were properly tendered and not properly withdrawn, for an aggregate cost of approximately $87.9 million. The 7,321,155 shares of Class A Stock to be accepted for purchase represent approximately 13% of BPYU’s issued and outstanding shares of Class A Stock as of August 14, 2020. Following settlement of the Offer, BPYU will have approximately 47.9 million shares of Class A Stock outstanding.The preliminary results of the Offer as reported by BPYU on August 13, 2020 indicated an oversubscription in which case tendering shareholders would have only had their pro-rata share (81.2%) of tendered units accepted. Upon completion of the confirmation process, it was determined that approximately 4 million shares that were submitted via the Guaranteed Delivery method did not ultimately complete the tendering process, rendering those shares ineligible for participation in the Offer. BPYU shareholders are reminded that they have the right to convert any BPYU shares not tendered in this Offer, including any shares deemed ineligible due to incompletion of the Guaranteed Delivery method described above, into Brookfield Property Partners L.P. units (Nasdaq: BPY; TSX: BPY.UN) (“BPY units”) and subsequently submit those BPY units for tender at $12.00 per unit prior to the expiration of a similar and concurrent bid that BPY has outstanding until August 28, 2020. Instructions on how to convert Class A Stock for BPY Units can be accessed at the following weblink: https://bpy.brookfield.com/bpyu/stock-and-dividends/exchange-bpyu-for-bpy.Payment for the shares of Class A Stock accepted for purchase under the Offer will occur promptly.This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any shares of Class A Stock.About Brookfield Property REIT Inc.Brookfield Property REIT Inc. is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) one of the world’s premier real estate companies, with approximately $86 billion in total assets. Brookfield Property REIT Inc. was created as a public security that is intended to offer economic equivalence to an investment in Brookfield Property Partners L.P. in the form of a U.S. REIT stock. Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc. own and operate iconic properties in the world’s major markets, and its global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing.Contact: Matt Cherry Senior Vice President, Investor Relations Tel: 212-417-7488 Email: matthew.cherry@brookfield.com Forward-Looking StatementsThis press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws and regulations. Forward-looking statements include statements that are predictive in nature or depend upon or refer to future events or conditions, include statements regarding our operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts,” “likely,” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.”Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: BPYU’s ability to complete the anticipated Offer in a timely manner or at all; risks incidental to the ownership and operation of real estate properties including local real estate conditions; the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business, including as a result of the recent global economic shutdown; the ability to enter into new leases or renew leases on favorable terms; business competition; dependence on tenants’ financial condition; the use of debt to finance our business; the behavior of financial markets, including fluctuations in interest and foreign exchange rates; uncertainties of real estate development or redevelopment; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; risks relating to our insurance coverage; the possible impact of international conflicts and other developments including terrorist acts; potential environmental liabilities; changes in tax laws and other tax related risks; dependence on management personnel; illiquidity of investments; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits therefrom; operational and reputational risks; catastrophic events, such as earthquakes, hurricanes or pandemics/epidemics; and other risks and factors detailed from time to time in our documents filed with the SEC. In addition, our future results may be impacted by risks associated with the global economic shutdown caused by a novel strain of coronavirus, COVID-19 and the related global reduction in commerce and travel and substantial volatility in stock markets worldwide, which may result in a decrease of cash flows and impairment losses and/or revaluations on our investments and real estate properties, and we may be unable to achieve our expected returns.We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements or information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.
- 08/18/2020
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Brookfield Asset Management Q2 20: Navigating The Pandemic
- BAM's self-evaluation model does not properly serve investment purposes. On purely numeric basis, BAM is fairly valued.
- 08/18/2020
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2 Mall Owners Are Poised to Win the Bidding for J.C. Penney: Here's Why
- Simon Property Group and Brookfield Property Partners have the most riding on the outcome of J.C. Penney's bankruptcy.
- 08/15/2020
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Good News Is Bad News
- U.S. equity markets flirted with fresh all-time highs this week following a slate of better-than-expected economic data, which has ironically thrown a political curveball into the now-stalled fiscal stimulus negotiations.
- 08/15/2020
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Simon Property Group and Brookfield Are Leading Bidders to Buy Bankrupt J.C. Penney
- Mall operators Simon Property Group (NYSE: SPG) and Brookfield Property Partners (NASDAQ: BPY) joined forces to present a bid to buy J.C. Penney (OTC: JCPN.Q) out of bankruptcy, and theirs has reportedly emerged as the leading offer. While private equity firm Sycamore Partners was offering a somewhat higher amount, Simon and Brookfield are jointly willing to offer concessions on the department store's leases that have led the company and its lenders to view their bid as a better option. Simon is the country's largest mall operator, and J.C. Penney has a presence in about half of its malls, or some 63 locations.
- 08/13/2020
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Wall Street Breakfast: IEA Forecasts Deeper Contraction To Global Oil Demand
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 08/13/2020
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Brookfield Optimistic, Moody’s Not So Much
- While the landlord said things were looking up, the debt watchdog offered a decidedly more dour take.
- 08/06/2020
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Brookfield Property Partners Reports Second Quarter 2020 Results
- All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPYU; TSX: BPY.UN) (“BPY”) today announced financial results for the quarter ended June 30, 2020.“The second quarter of 2020 brought unprecedented challenges to the commercial real estate industry, in addition to the broader economy and society as a whole. I am extremely proud of the thousands of dedicated Brookfield real estate employees around the globe who all played an integral role in preparing our properties for safe re-opening, and it's gratifying to see our tenants return to their buildings and resume operations,” said Brian Kingston, Chief Executive Officer. Financial ResultsCompany FFO (CFFO) was $178 million for the quarter ended June 30, 2020, compared to $335 million in the prior-year period. CFFO was impacted significantly this quarter by the widespread closures of our Hospitality and Retail assets due to the global economic shutdown, and the prior-year period benefited from a transaction gain of $38 million. In the prior-year period, CFFO and realized gains benefited from higher realizations in our LP investment strategy.Net income for the quarter ended June 30, 2020 was a loss of $1,512 million ($(1.26) per LP unit) versus a gain of $23 million ($0.12 per LP unit) for the same period in 2019. The decrease in net income over the prior year period is primarily attributable to an unrealized reduction in asset values across the portfolio. Three months ended Jun. 30, Six months ended Jun. 30, (US$ Millions, except per unit amounts) 2020 2019 2020 2019 Net income(1) $(1,512) $23 $(1,885) $736 Company FFO and realized gains(2) $178 $362 $501 $729 Company FFO(2) $178 $335 $487 $642 Net income per LP unit(3)(4) $(1.26) $0.12 $(1.74) $0.44 Company FFO and realized gains per unit(4)(5) $0.18 $0.38 $0.51 $0.76 (1) Consolidated basis – includes amounts attributable to non-controlling interests. (2) See "Basis of Presentation" and “Reconciliation of Non-IFRS Measures” in this press release for the definition and components. (3) Represents basic net income attributable to holders of LP units. IFRS requires the inclusion of preferred shares that are mandatorily convertible into LP units at a price of $25.70 without an add-back to earnings of the associated carry on the preferred shares. (4) Net income attributable to holders of LP units and Company FFO and realized gains per unit are reduced by preferred dividends of $11 million and $20 million for the three and six months ended June 30, 2020, respectively, in determining per unit amounts. (5) Company FFO and realized gains per unit are calculated based on 935.6 million (2019 – 952.1 million) and 939.5 million (2019 – 961.4 million) units outstanding for the three and six months ended June 30, 2020, respectively. Operating Highlights Our Core Office business generated CFFO of $126 million for the quarter ended June 30, 2020 compared to $187 million in the same period in 2019. The decrease in CFFO is primarily attributable to a transaction gain of $38 million recognized in the prior-year period, and a decrease this quarter in contributions from our parking and retail operations. Rent collections in our office portfolio in the second quarter were largely uninterrupted and consistent with historical periods.Despite a challenging operating environment resulting from the global economic shutdown, Core Office leasing activity in the second quarter totaled 0.7 million square feet spread across all of our major markets, executed at rents 16% higher on average than expiring leases in the period. Occupancy in the portfolio decreased 20 basis points to 92.3%, with a remaining weighted average lease term of 8.6 years. Our Core Retail operations generated CFFO of $140 million for the quarter ended June 30, 2020 compared to $170 million in the comparable period in 2019. The current quarter results were impacted significantly by widespread mandated closures in our U.S. retail portfolio related to the global economic shutdown, which caused a decline in mall revenues, fee income, and an increase in credit loss reserves.Our Core Retail business leased approximately 7.4 million square feet over the past 12 months with suite-to-suite rent spreads of 7%. Our same-store properties were 95% leased for the quarter ended June 30, 2020, consistent with the prior year. On a year-over-year basis, in-place rents were up 1.1%1. Rent collections in this portfolio in the second quarter were approximately 34%, with July collections trending significantly stronger.Our LP Investments generated CFFO and realized losses of $8 million for the quarter ended June 30, 2020, compared to earnings of $106 million in the comparable period in 2019. Results in the current quarter were negatively impacted by a year-over-year decrease in earnings from our Hospitality investments of $78 million ($0.08 per unit) due to property closures, and a decline in transaction gains. Three months ended Jun. 30, Six months ended Jun. 30, (US$ Millions)2020 2019 2020 2019 Company FFO and realized gains: Core Office $126 $187 $261 $327 Core Retail$140 $170 $335 $354 LP Investments$(8) $106 $68 $252 Corporate$(80) $(101) $(163) $(204) Company FFO and realized gains(1)$178 $362 $501 $729 (1) See "Basis of Presentation" and "Reconciliation of Non-IFRS Measures" below in this press release for the definitions and components. Dispositions In the second quarter, we completed $63 million of gross asset dispositions at our share, at prices that were 3% higher than our IFRS carrying values. These sales generated approximately $21 million in net proceeds to BPY.New Investments * Restructured joint venture at Water Tower Place in Chicago to increase ownership from 43% to 94% through assumption of partner's proportionate debt liability ($153 million). * Subsequent to quarter-end, committed €100 million ($112 million) to the Brookfield European Real Estate Partnership, a new Brookfield Asset Management (BAM)-sponsored open-ended private real estate fund focused on acquiring a diversified collection of high-quality properties and portfolios in Western Europe. This fund closed on its maiden investment in the second quarter with the acquisition of 42 Paridis, a 66,000-square-foot office building in central Paris for €102 ($111) million (€14 ($15) million at BPY's share).____________________________ 1 In-place rents reflect retail tenants <10K square feet Balance Sheet UpdateTo increase liquidity and extend the maturity of our debt, during the second quarter we executed the following financing transactions: * Refinanced 655 New York Ave. in Washington, DC for $494 million with a two-year (five years fully extended) mortgage at a floating interest rate of LIBOR +2.25%, generating net proceeds of $106 million. * Refinanced Silver Spring Metro Plaza in Maryland for $110 million with a five-year mortgage at a floating interest rate of LIBOR +2.25%, generating net proceeds of $2 million. * Financed first phase of Halley Rise — a 352-unit high-rise multifamily building in Reston, VA — with a three-year (five years fully extended) construction loan totaling $111 million at a floating interest rate of LIBOR +2.75%. * Financed 1100 Avenue of the Americas in New York for $171 million with a five-year construction loan at a floating interest rate of LIBOR +1.95%. * Extended mortgage maturities for an average of one year on five Core Retail assets totaling approximately $1.2 billion.Ended the quarter with $6.0 billion of group-wide liquidity, including $1.5 billion of cash on hand, $2.8 billion of corporate and subsidiary credit facilities and $1.7 billion of undrawn construction facilities.Substantial Issuer BidOn July 6, 2020, we launched a substantial issuer bid ("SIB") to purchase up to 74,166,670 of BPY’s limited partnership units from public unitholders for a price of $12.00 per unit, for a total value of approximately $890 million. The SIB is being funded by Brookfield Asset Management and certain of its institutional clients and is set to expire on August 28, 2020. Unit Repurchase ProgramUtilizing our in-place normal course issuer bid (“NCIB”), we purchased 2,641,196 of BPY units in the second quarter of 2020 at an average price of $8.45 per unit. COVID-19 Relief As an organization, we are continuing to utilize our various real estate locations, human and financial resources to do our part in contributing to the COVID-19 relief efforts around the globe. To date, Brookfield's global real estate business has donated over $4 million in either cash or supplies to various relief efforts. We have also expanded our employee matching gift program from a 1:1 to a 2:1 match for employees' donations directed toward pandemic relief efforts. Our efforts to mitigate the pandemic are ongoing and we continue to identify opportunities to contribute.Distribution Declaration The Board of Directors has declared a quarterly distribution on the partnership’s LP units of $0.3325 per unit payable on September 30, 2020 to unitholders of record at the close of business on August 31, 2020.The quarterly distributions on the LP units are declared in U.S. dollars. Registered unitholders residing in the United States shall receive quarterly cash distributions in U.S. dollars and registered unitholders not residing in the United States shall receive quarterly cash distributions in the Canadian dollar equivalent, based on the Bank of Canada exchange rate on the record date.
- 08/06/2020
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Horos Asset Management Quarterly Letter To Our Co-Investors July 2020
- Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market.
- 07/31/2020
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Not So Common Fixed Income Preview
- A review of all floating-rate preferred stocks, third-party trust preferred securities, trust preferred stocks, and preferred units.
- 07/29/2020
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Sycamore Partners Could Acquire J.C. Penney. Its Stock Soared on the News.
- Sycamore Partners is said to be on the verge of acquiring the department store out of bankruptcy, with plans to merge it with troubled peer Belks.
- 07/29/2020
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Could ABG Snap Up Bankrupt Ann Taylor Parent?
- Private equity firm Sycamore Partners is also reportedly mulling the purchase.
- 07/28/2020
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Horos Asset Management 2Q 2020 Letter To Our Co-Investors
- Horos is an asset management firm that knows the benefits of value investing over the long term. Our portfolios have not been immune to this recovery, with Horos Value Internacional posting a 16.0% return in the quarter in line with the 16.5% rise of its benchmark index, and Horos Value Iberia returning 14.1%, above the 8.5% of its benchmark index.
- 07/28/2020
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The Siren Song Of Brookfield Business Partners
- BBU is the youngest of Brookfield subsidiaries and is very different from the other three. BAM benefits disproportionately from BBU's success at the expense of retail investors.
- 07/27/2020
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The Deformed Bubble
- A brief review of developments since May shows that there are three groups of states and economic activity by consumers reacts to the virus rather than government mandates.
- 07/27/2020
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The First REIT Bankruptcy Since 2009, A New Institutional Data Source, And Our Updated Sector Outlook
- A successful investor must be able to reliably identify favorable and unfavorable investment opportunities.
- 07/22/2020
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Brookfield Announces Initial Close of First European Core-Plus Real Estate Fund
- BROOKFIELD NEWS, July 16, 2020 -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) today announced the initial closing of its first European core-plus.
- 07/16/2020
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WFRBS Commercial Mortgage Trust 2012-C7 -- Moody's affirms seven and downgrades six classes of WFRBS 2012-C7
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WFRBS Commercial Mortgage Trust 2012-C8 -- Moody's downgrades one, confirms one and affirms eleven classes of WFRBS 2012-C8
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Wall Street Breakfast: Vaccine Optimism Lifts Markets
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 07/15/2020
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Retail - Especially Malls - More Impaired Than Most Suggest
- “The shrinking mall sector represents approximately 3% of the $1 trillion U.S. REIT market cap compared with over 10% of the REIT sector five years ago.
- 07/15/2020
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Brookfield Property Partners to Hold Conference Call & Webcast of Second Quarter 2020 Financial Results Thursday, August 6, 2020 at 11:00 AM (ET)
- BROOKFIELD NEWS, July 14, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its second quarter 2020 financial results will be released.
- 07/14/2020
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Brookfield Property Partners to Hold Conference Call & Webcast of Second Quarter 2020 Financial Results Thursday, August 6, 2020 at 11:00 AM (ET)
- BROOKFIELD NEWS, July 14, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its second quarter 2020 financial results will be released before the market open on Thursday, August 6, 2020. Analysts, investors and other interested parties are invited to participate in the company’s live conference call reviewing the results on Thursday, August 6, 2020 at 11:00 AM (ET). Scheduled speakers are Chief Executive Officer Brian Kingston and Chief Financial Officer Bryan Davis. Along with the earnings news release, an updated supplemental information package will be available on the company’s website, bpy.brookfield.com, before the market open on August 6, 2020.To participate in the conference call, please dial +1 (844) 358-9182 toll-free in the U.S. and Canada or +1 (478) 219-0399 for overseas calls, conference ID: 4575078, five minutes prior to the scheduled start of the call. Live audio of the call will also be available via webcast at bpy.brookfield.com.A replay of this call can be accessed through August 13, 2020 by dialing +1 (855) 859-2056 toll-free in the U.S. and Canada or +1 (404) 537-3406 for overseas calls, conference ID: 4575078, A replay of the webcast will be available on the company’s website.Brookfield Property PartnersBrookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the world’s premier real estate companies, with approximately $87 billion in total assets. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing.Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management, a leading global alternative asset manager with over $515 billion in assets under management. More information is available at www.brookfield.com.Brookfield Property Partners L.P. is listed on the Nasdaq stock market and the Toronto stock exchange. Brookfield Property REIT is listed on the Nasdaq stock market. Further information is available at bpy.brookfield.com.Brookfield Contact:Matthew Cherry Senior Vice President, Investor Relations Tel: (212) 417-7488 Email: matthew.cherry@brookfield.com
- 07/14/2020
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Techniques To Avoid Dividend Cuts
- When you see companies that are getting beaten down more than others, this is normally a sign that something is wrong. Many companies that keep their dividend s
- 07/03/2020
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Why Brookfield Property Partners Units Rocketed 12% at the Open On July 2
- Brookfield Property Partners' parent came forward with a "deal" for unit holders, and the price took off accordingly.
- 07/02/2020
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Brookfield Property REIT Inc. Announces Intention to Commence Tender Offer to Acquire Up to 9,166,667 Shares of Class a Stock at a Price of $12 Per Share
- Brookfield Property REIT Inc. (“BPYU” or “the Company”) (BPYU) announced today its intention to commence a tender offer (the “Offer”) to purchase up to 9,166,667 shares of BPYU’s Class A Stock, par value $0.01 per share (“Class A Stock”), from public shareholders for a price of $12 per share, representing a 17.3% premium to the share price on the Nasdaq Stock Market as of market close on July 1, 2020. For greater clarity, the Offer will not be made for limited partnership units (“BPY Units”) of Brookfield Property Partners L.P. (“BPY”), which will be the subject of a concurrent and separate offer by BPY.
- 07/02/2020
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Brookfield Property REIT Inc. -- Moody's downgrades Brookfield Property REIT's CFR to Ba3; negative outlook
- Moody's Investors Service, ("Moody's") downgraded the ratings of Brookfield Property REIT Inc. ("BPYU"), including its Corporate Family Rating to Ba3 from Ba2 and its senior secured bank credit facility and senior secured notes to B1 from Ba3. The rating outlook is negative.
- 07/01/2020
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The Best Of The Brookfield Family: Brookfield Infrastructure
- BIP operates a unique collection of assets generating resilient long-term cash flows. BIP's top management has achieved investment, financial, and operational e
- 07/01/2020
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Strong Traffic Registered At Malls And Outlet Centers
- People stuck at home are showing a willingness to get out and shop. Traffic at malls and outlet centers appears to be strong. This is confirmed by our on-the-gr
- 07/01/2020
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Dividend Challenger Highlights: Week Of June 28
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies wi
- 06/27/2020
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Reopening Reversal? Another Rough Week For REITs
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3 Fundamental Elements Of Portfolio Management
- When I find a company I really like, but the valuation seems ridiculous, I'll be tempted to put it on a watch list and wait for a while. When you look at stocks
- 06/26/2020
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Brookfield Property Partners is vulnerable to a red-ink tsunami
- Let’s take Brookfield Property Partners (BPY), the Bermudan-Canadian-global, Reit-like, income vehicle managed by Brookfield Asset Management. BPY is best known for its investments in “trophy” office properties, such as Canary Wharf in London or Lever House in New York, as well as its “core retail” malls with storied tenants such as JC Penney. One might think that given coronavirus and recession headlines, BPY’s management would have visibly furrowed brows.
- 06/26/2020
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Not So Common Fixed-Income Preview
- A review of all floating-rate preferred stocks, third-party trust preferred securities, trust preferred stocks, and preferred units. Almost all securities are t
- 06/24/2020
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Dogcatcher Reader Favorites And Rogues May 12-June 9
- May 12 - June 9 readers of Fredrik Arnold articles mentioned 48 equities in their comments. Some readers lamented bad-news, so bad-news investments (rogues) are
- 06/18/2020
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May Dividend Income Report - A Different Way To Build Cash
- In September 2017, I received slightly over $100K as a result of the commuted value of my pension plan. I decided to invest 100% of this money into dividend gro
- 06/16/2020
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J.C. Penney's Landlords May Be Buying the Retailer to Keep It Afloat
- According to sources said to have direct information, J.C. Penney (NYSE: JCP) may be currently working out a deal to be bought out by its own landlords, Brookfield Property Partners (NASDAQ: BPY) and Simon Property Group (NYSE: SPG). A third company, privately held Authentic Brands Group, LLC, is apparently in alliance with the retailer's landlords to work out an acquisition deal. J.C. Penney recently declared Chapter 11 bankruptcy after store closures from the COVID-19 pandemic sent its already struggling operations into a tailspin.
- 06/15/2020
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Mall Landlords, Authentic Brands in Talks to Buy J.C. Penney
- (Bloomberg) -- The two largest mall landlords and Authentic Brands Group LLC are in talks to buy bankrupt department-store chain J.C. Penney Co., according to people familiar with the matter.Authentic Brands may team up with Simon Property Group Inc. and Brookfield Property Partners LP to acquire the retailer as part of its court reorganization, said the people, who asked not to be identified because the talks are private. The discussions are still fluid and may ultimately end without a deal.J.C. Penney, which filed for Chapter 11 protection in May, has been racing to firm up a business plan by a July 14 deadline, after which the company risks running out of cash to finance its reorganization and emerge from bankruptcy court. The company’s proposed exit plan involves creating two new publicly traded entities, including a real estate investment trust that would hold some of the retailer’s property.For the landlords, buying J.C. Penney would ensure the survival of one of their most ubiquitous tenants amid a wave of retail distress that has seen thousands of stores close permanently. That’s in addition to the pandemic lockdown that shuttered most retailers for months nationwide.Authentic teamed up with Simon and Brookfield to buy teen clothing chain Forever 21 out of bankruptcy earlier this year. And Authentic and Simon are also in discussions with Brooks Brothers Inc. on a joint bid that would be part of a potential bankruptcy filing by that clothing retailer, Bloomberg News reported last week.Brookfield, the second-largest U.S. mall operator after Simon, in May announced the creation of a $5 billion fund to buy stakes in retailers.Authentic also owns Aeropostale after teaming up with the mall landlords to buy that brand out of bankruptcy in 2016. Its growing portfolio could be a boon to J.C. Penney if licensed product from those retailers were added to the department store’s lineup.Private equity firm Sycamore Partners has also held preliminary talks to buy J.C. Penney, weighing an acquisition outright or making an investment in the retailer, Reuters reported earlier this month.J.C. Penney’s remaining value includes its owned real estate and intellectual property from its private brands, according to David Silverman, a retail analyst at Fitch Ratings.“The different companies that are potentially looking into J.C. Penney have different capabilities and options given the real estate that J.C. Penney has and the suitors’ potential use with it,” Silverman said.(Adds context on company’s reorganization plan in third paragraph and commentary from an analyst in the last paragraph. A prior version of this story corrected timing of Brookfield fund announcement in the sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/15/2020
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J.C. Penney in Talks to Be Bought by Simon Property, Brookfield
- Mall owners Simon Property Group and Brookfield Property Partners are reportedly negotiating to purchase bankrupt department-store chain J.C. Penney . Authentic Brands, which owns more than 50 consumer brands, might join the two real estate companies in their bid, knowledgeable sources told Bloomberg. Simon is the biggest mall owner in the country, and Brookfield, a unit of Brookfield Asset Management , is No. 2.
- 06/15/2020
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3 “Strong Buy” Dividend Stocks Yielding at Least 7%
- Volatility is the name of the game right now. Last week, markets had their worst close since March, despite a Friday rally. The S&P; 500 lost 6% on Thursday, the index’s worst trading day in three months, and finished the week down 4.8%.Worries about a new spike in coronavirus cases, along with racially charged urban rioting, have put investors in a selling mood. But remember the old cliché, that the Chinese word for crisis is composed of the symbols for ‘danger’ and ‘opportunity?’ The market’s gyrations these last few trading sessions have given income-minded investors an opportunity, if they are willing to shoulder some risk.The question for investors, of course, is where will the market head next? Are the gains returning, or is this just the next hill of the roller coaster? Uncertainty is the only certainty, making defensive moves, toward dividend stocks, a smart play for investors. Using the TipRanks database, we’ve pulled up three Strong Buy stocks that show a combination of dividend yields from 7% to 11% and considerable upside potential. While buying into stocks during a downturn is inherently risky, the upside on these three – and their high-yielding dividends – makes the risk worthwhile.Brookfield Property Partners (BPY)We’ll start in the real estate business, where Brookfield holds one of the world’s largest portfolios in office, retail, multifamily dwellings, industrial parks, hospitality, student housing – there is hardly a sector that Brookfield does not have a finger in. The company owns high-end office space in New York and Los Angeles, as well as London, Sydney, and Toronto. The student housing portfolio includes 5,700 beds in the UK university system. The retail segment includes Saks Fifth Avenue in downtown Manhattan.So, Brookfield is not an ordinary real estate company. Its highly diversified portfolio provided some insulation from the COVID-19 pandemic, and the company reported $309 million in total Funds From Operations (FFO) in Q1 – in line with the year-ago results. General depreciation in the real estate market pushed the net income into negative territory, and BPY showed a loss of 49 cents per share for the quarter.At the same time, Brookfield has maintained its dividend payment. Even facing a severe net loss, management remains committed, for the time being, to its shareholder return policy. The current dividend, at 33.25 cents per share quarterly, gives an annualized payment of $1.33 and an impressive yield of 11.9%. Compare this to the 2.2% average yield among financial sector peer companies, or the 2% average yield found on the S&P; 500, and the attraction is clear.CIBC analyst Dean Wilkinson acknowledges Brookfield’s tough business landscape during the pandemic – but points out that “April rent collections in the office and multifamily portfolios averaged above 90%. While retail collections were about 20%, it is important to note that lease obligations are contractual agreements; retailers cannot simply walk away from rental payments, and we expect that a material portion of the 80% of uncollected rent to date will, in time, be honoured through payment plans that are currently in negotiation.”Wilkinson's $18 price target on BPY stock implies a one-year upside potential of 62%, and fully supports his Buy rating on the stock. (To watch Wilkinson’s track record, click here)Overall, Wall Street appears to agree with Wilkinson here. BPY shares have 5 recent analyst reviews, and of those 4 are Buy and only 1 a Hold – making the analyst consensus view a Strong Buy. Shares are priced at $11.13, and the average price target of $15.05 suggests the stock has room for 35% upside growth in the coming year. (See Brookfield stock analysis on TipRanks)Brigham Minerals (MNRL)The next stock on our list, Brigham Minerals, is mineral rights acquisition company focused on the oil and gas sector in the US. Brigham’s portfolio includes large acreage in the Bakken Shale of North Dakota, as well as the Delaware and Midland basins of Texas. These are the formations that put North American hydrocarbons on the map in the last decade, and their output has transformed the US into a major energy exporter.MNRL saw earnings dip in Q1, mainly due to the coronavirus-inspired shutdowns, but EPS remained positive at 14 cents per share. Quarterly production rose by 8% sequentially, to 10,400 barrels of oil equivalent (BOE) per day. The company saw royalty revenue of $28.4 million, with nearly two-thirds of that total coming from Permian holdings. Brigham has been adjusting its dividend over the past year, with the current quarterly payment set at 37 cents per share. This annualizes to $1.48, and gives the stock a dividend yield of 11.5%. Peer companies in the energy sector average a yield of just 1.9%, while Treasury bonds, the traditional ‘safe’ investment, are yielding below 1% up to 10-year terms. MNRL’s return simply blows away the alternatives.SunTrust analyst Welles Fitzpatrick sees MNRL as a clear choice for investors. He writes, “MNRL turned in a 1Q beat on higher than expected lease bonuses, and in contrast to the rest of the industry paid out all its discretionary cashflow. The company's timely offering in 4Q allows the unlevered balance sheet to shine. While MNRL will see declines in rigs and production this year the company should be able to maintain a high percent of CF distributed.”Fitzpatrick’s Buy rating on the stock is supported by his $16 price target, suggesting a solid 24% upside potential. (To watch Fitzpatrick’s track record, click here.)The analyst consensus here, at Strong Buy rating, is based on 6 Buy and 2 Hold reviews set in recent weeks. MNRL shares are trading for $12.85; the average price target, at $14.57, indicates a 20% upside for the stock. (See Brigham Minerals stock analysis on TipRanks)Umpqua Holdings (UMPQ)Last on our list for today is Umpqua, a holding company based in Portland, Oregon. Umpqua’s main subsidiary is Oregon’s Umpqua Bank. The bank provides asset management, mortgage banking, and general financial services in commercial and retail banking for corporate, institutional, and individual customers. The bank has locations across Oregon, as well as Washington State, Idaho, Nevada, and California.The first quarter – the coronavirus quarter – was hard on Umpqua. The company reported a net loss of $28.3 million, or 13 cents per share. Management laid the loss – the company’s worst report after a two-year run of profitable quarters – squarely on the COVID-19 pandemic and crisis. The company has been able to switch many non-customer-facing employees to remote work, while keeping over 95% bank branches open. Looking ahead, UMPQ is expected to show a 17-cent EPS profit in Q2.Through the coronavirus crisis, UMPQ has kept up its dividend. The company has a 7-year history of reliable dividend growth, and announced its most recent dividend payment back in March. They payment, made in April, was 21 cents per share. At 84 cents annualized, this gives UMPQ shares a dividend yield of 7.15%. This is more than 3.5x the average found among S&P; listed companies, and also significantly higher than most peer companies’ payments.Reviewing the stock for SunTrust Robinson was analyst Michael Young. He backed his Buy rating on the stock with a $13 price target, showing confidence in a 11% upside potential. (To watch Young’s track record, click here)Backing his stance, Young looked closely at the bank’s loan portfolio, writing, “Very granular portfolio, average loan size is under $1 million. The loan portfolio consists of very low leverage clients relative to competitors according to management... We do note that UMPQ has a larger multifamily loan concentration, but this is also likely one of the best performing CRE asset classes through a recession.” Overall, Wall Street analysts are thoroughly impressed with UMPQ. It boasts 100% Street support, or 3 Buy ratings in the last three months, making the consensus a Strong Buy. Meanwhile, the $13.67 average price target implies that shares could surge nearly 22% in the next twelve months. (See Umpqua stock-price forecast on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 06/15/2020
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Do Hedge Funds Love Brookfield Property Partners LP (BPY)?
- Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
- 06/13/2020
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Why Brookfield Property Jumped 10% on May 26
- Investors are getting more excited about the future of malls, which helped push Brookfield Property higher. Here's what's going on.
- 05/26/2020
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Edited Transcript of BPY earnings conference call or presentation 8-May-20 3:00pm GMT
- Q1 2020 Brookfield Property Partners LP Earnings Call
- 05/18/2020
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Canaccord Genuity Sticks to Their Hold Rating for Brookfield Property Partners
- Canaccord Genuity analyst Mark Rothschild maintained a Hold rating on Brookfield Property Partners (NASDAQ:BPY) on Monday, setting a price target of $12, which is approximately 27.80% above the present share price of $9.39.
- 05/11/2020
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Edited Transcript of BPY earnings conference call or presentation 8-May-20 3:00pm GMT
- Q1 2020 Brookfield Property Partners LP Earnings Call
- 05/08/2020
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Brookfield Property REIT Inc. Declares Quarterly Dividends
- BROOKFIELD NEWS, May 08, 2020 -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share.
- 05/08/2020
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Brookfield Property Partners Reports First Quarter 2020 Results
- BROOKFIELD NEWS, May 08, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPYU; TSX: BPY.UN) (“BPY”) today announced financial results for the quarter ended.
- 05/08/2020
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Is Brookfield Asset Management Stock a Buy?
- The alternative asset management company is poised for success in any environment.
- 04/29/2020
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Financial Comparison: HomeFed (OTCMKTS:HOFD) versus Brookfield Property Partners (OTCMKTS:BPY)
- HomeFed (OTCMKTS:HOFD) and Brookfield Property Partners (NASDAQ:BPY) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, dividends, earnings, profitability, risk and institutional ownership. Volatility & Risk HomeFed has a beta of 0.48, suggesting that its share price is 52% […]
- 04/29/2020
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Brookfield Property Partners LP (NASDAQ:BPY) Shares Purchased by Geode Capital Management LLC
- Geode Capital Management LLC raised its holdings in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,797 shares of the financial services provider’s stock after acquiring an additional 1,284 shares […]
- 04/26/2020
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18,920 Shares in Brookfield Property Partners LP (NASDAQ:BPY) Acquired by Bellecapital International Ltd.
- Bellecapital International Ltd. bought a new position in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,920 shares of the financial services provider’s stock, valued at approximately $152,000. A number of other institutional investors have also recently added […]
- 04/26/2020
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Brookfield Property Partners (TSE:BPY.UN) Stock Price Crosses Below 50-Day Moving Average of $14.34
- Brookfield Property Partners LP (TSE:BPY.UN) (NYSE:BPY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.34 and traded as low as $11.42. Brookfield Property Partners shares last traded at $11.67, with a volume of 1,512,575 shares changing hands. The company has a […]
- 04/25/2020
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Brookfield Property REIT Inc. -- Moody's announces completion of a periodic review of ratings of Brookfield Property REIT Inc.
- Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brookfield Property REIT Inc. New York, April 24, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brookfield Property REIT Inc. and other ratings that are associated with the same analytical unit.
- 04/24/2020
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Mall REITs: Swimming In A Brisk Upstream Current
- I currently track 32 publicly traded companies that control over 40,000 stores in the U.S. I expect a half a dozen of these companies to go bankrupt in 2020. Gi
- 04/23/2020
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5 Real Estate Companies Trading With Low Price-Earnings Ratios
- Simon Property Group makes the list Continue reading...
- 04/22/2020
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5 Real Estate Companies Trading With Low Price-Earnings Ratios
- 5 Real Estate Companies Trading With Low Price-Earnings Ratios, Stocks: SPG,BPY,HST,VNO,JLL,EQC, release date:Apr 22, 2020
- 04/22/2020
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Jason Mudrick Was Right About The Secular Decline Of Malls
- I reflect back on an April 4, 2017 piece about Jason Mudrick's bold call that malls were in a forever decline. A lot of money has been lost because investors th
- 04/20/2020
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Brookfield Property Partners LP (NASDAQ:BPY) Shares Sold by Bank of America Corp DE
- Bank of America Corp DE reduced its holdings in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,647 shares of the financial services provider’s stock after selling 102,744 shares during […]
- 04/18/2020
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These 37 Companies Teeter On The Verge Of 'Junk'
- The coronavirus stock market crash is doing the unimaginable: Turning once rock-solid S&P 500 companies into junk. And it's happening fast.
- 04/17/2020
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Alliancebernstein L.P. Trims Stock Holdings in Brookfield Property Reit Inc (NASDAQ:BPR)
- Alliancebernstein L.P. trimmed its holdings in Brookfield Property Reit Inc (NASDAQ:BPR) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,014 shares of the company’s stock after selling 5,970 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Brookfield Property […]
- 04/17/2020
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Head-To-Head Survey: Brookfield Property Reit (NASDAQ:BPR) and Duke Realty (NASDAQ:DRE)
- Brookfield Property Reit (NASDAQ:BPR) and Duke Realty (NYSE:DRE) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, dividends, risk, earnings, analyst recommendations, valuation and institutional ownership. Earnings & Valuation This table compares Brookfield Property Reit and Duke Realty’s top-line revenue, earnings […]
- 04/17/2020
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Macquarie Group Ltd. Lowers Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- Macquarie Group Ltd. trimmed its stake in Brookfield Property Reit Inc (NASDAQ:BPR) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,800 shares of the company’s stock after selling 10,700 shares during the quarter. Macquarie Group Ltd.’s holdings in Brookfield Property Reit were […]
- 04/15/2020
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Brookfield Property Partners (TSE:BPY.UN) Shares Down 8.2%
- Brookfield Property Partners LP (TSE:BPY.UN) (NYSE:BPY)’s share price was down 8.2% during trading on Monday . The company traded as low as C$13.01 and last traded at C$13.25, approximately 472,858 shares traded hands during trading. An increase of 219% from the average daily volume of 148,070 shares. The stock had previously closed at C$14.44. The […]
- 04/15/2020
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Brookfield Property Partners LP (NASDAQ:BPY) Stock Position Boosted by Addenda Capital Inc.
- Addenda Capital Inc. boosted its stake in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 12.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,021 shares of the financial services provider’s stock after buying an additional 11,210 shares during the period. Addenda Capital Inc.’s […]
- 04/14/2020
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H&R REIT: This Blue Chip Canadian REIT Has Never Been Cheaper
- Unit price has fallen 47% since Feb. 28, much worse than peers. Trading at a 60% discount to its IFRS Net Asset Value ($25.79) and 7.3X 2020 AFFO (C$1.40) estim
- 04/13/2020
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TSX falls as coronavirus worries persist; oil stocks rise
- Canada’s main stock index reversed early gains to trade lower on Monday on persisting worries over the economic damage from coronavirus pandemic, although gains in energy stocks after major o…
- 04/13/2020
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Brookfield Property Reit Inc (NASDAQ:BPR) Shares Acquired by Nuveen Asset Management LLC
- Nuveen Asset Management LLC grew its stake in Brookfield Property Reit Inc (NASDAQ:BPR) by 242.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,096,988 shares of the company’s stock after purchasing an additional 776,313 shares during the period. Nuveen Asset Management […]
- 04/13/2020
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Good News And Bad News For REIT Investors
- Bad news: REITs have dropped so much that many are priced for bankruptcy. Good news: Most REITs will survive and recover to even higher levels than before the c
- 04/11/2020
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Brookfield Property Partners LP (NASDAQ:BPY) Position Reduced by Hexavest Inc.
- Hexavest Inc. decreased its holdings in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 90.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,198 shares of the financial services provider’s stock after selling 141,522 shares during the quarter. Hexavest Inc.’s holdings in Brookfield Property Partners […]
- 04/11/2020
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Bank of New York Mellon Corp Has $10.02 Million Stock Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- Bank of New York Mellon Corp lessened its holdings in Brookfield Property Reit Inc (NASDAQ:BPR) by 33.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 543,454 shares of the company’s stock after selling 274,646 shares during the period. Bank of New York Mellon Corp’s holdings in Brookfield Property Reit were worth $10,024,000 as […]
- 04/11/2020
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Is Brookfield Property Partners Stock a Buy?
- Brookfield Property Partners has a well-financed sponsor and a diverse portfolio. Is that enough in the days of COVID-19?
- 04/10/2020
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BROOKFIELD PROPERTY PARTNERS TO HOLD CONFERENCE CALL & WEBCAST OF FIRST QUARTER 2020 FINANCIAL RESULTS FRIDAY, MAY 8, 2020 AT 11:00 AM (ET)
- BROOKFIELD NEWS, April 09, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its first quarter 2020 financial results will be released.
- 04/09/2020
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BROOKFIELD PROPERTY PARTNERS TO HOLD CONFERENCE CALL & WEBCAST OF FIRST QUARTER 2020 FINANCIAL RESULTS FRIDAY, MAY 8, 2020 AT 11:00 AM (ET)
- BROOKFIELD NEWS, April 09, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its first quarter...
- 04/09/2020
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Maximizing Your Income In A Dislocated Market
- Fear, uncertainty, and doubt have taken over the market. Normally low-volatility investments were sold off in force last week. Fixed-income investments usually
- 04/08/2020
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Janus Henderson Group PLC Takes $1.58 Million Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- Janus Henderson Group PLC acquired a new stake in Brookfield Property Reit Inc (NASDAQ:BPR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 85,704 shares of the company’s stock, valued at approximately $1,581,000. Janus Henderson Group PLC owned approximately 0.13% of Brookfield Property Reit […]
- 04/08/2020
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Guggenheim Capital LLC Increases Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- Guggenheim Capital LLC increased its holdings in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 78.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,710 shares of the company’s stock after buying an additional 8,675 shares during the quarter. […]
- 04/08/2020
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So How Much Wealth Destruction Has Truly Occurred Since February?
- Security prices reflect a of “tug-of-war” between reality and perception. We can use rules-of-thumb to determine if perception is too bearish. Investments are long-dated assets and it takes an enormous amount of short-term losses to destroy long-term value.
- 04/07/2020
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The Retail Apocalypse Is Accelerating
- Store closings outnumber store openings by a wide margin. 2020 will be a year where store closings rise well above average levels, we could see 15,000 stores be
- 04/07/2020
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Goldman Sachs Group Inc. Sells 429,332 Shares of Brookfield Property Reit Inc (NASDAQ:BPR)
- Goldman Sachs Group Inc. lowered its stake in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 51.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 405,931 shares of the company’s stock after selling 429,332 shares during the quarter. Goldman Sachs Group Inc. owned approximately […]
- 04/07/2020
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Brookfield Property Partners: A Bulletproof 10% Yield
- Brookfield Property Partners has been one of the worst-performing stocks in the REIT sector. The retail side is suffering for sure, and the office concentration
- 04/07/2020
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1 Big Reason Brookfield Asset Management Stock Shed 22.3% in March but Is Rising in April
- A strong management statement to convince shareholders of the company's viability appears to have done the trick.
- 04/06/2020
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TSX climbs on hopes of slowing virus spread
- Canada’s main stock index rose on Monday investors drew comfort from a slowdown in coronavirus-related deaths and new cases in many parts of the world.* At 9:43 a.m. ET (1343 GMT), the Toront…
- 04/06/2020
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CANADA STOCKS-TSX climbs on hopes of slowing virus spread
- April 6 (Reuters) - Canada's main stock index rose on Monday investors drew comfort from a slowdown in coronavirus-related deaths and new cases in many parts of the world.
* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX composite i
- 04/06/2020
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Investing With Brookfield: Achieving Attractive Risk/Reward And High Yield Simultaneously
- While Brookfield infrastructure and renewable energy limited partnerships are sought for because of their safe high yield, the total return potential is limited
- 04/06/2020
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2020 Q1 Portfolio Review
- The portfolio was down 23.98% in Q1, erasing most of the 26.79% gain made during all of 2019. Monthly distributions began 15 months ago and are covered by divid
- 04/06/2020
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Nike and Louis Vuitton Got Into Esports, Now Gaming Is Getting Bigger
- Amid coronavirus, traditional sports have been halted, but gaming is more adaptable.
- 04/06/2020
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Forget About The Rule Of 72, For At Least 90 Days
- The way the “Rule of 72” works is that you can compute annual rate of return and how many years it will take to double your investment. I would like to see a 90
- 04/06/2020
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Why Brookfield Property Partners Stock Crashed 50.6% in March
- The coronavirus lockdown has cast a shadow over the real-estate company's business.
- 04/05/2020
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Brookfield Property Partners (NASDAQ:BPY) Reaches New 1-Year Low at $7.10
- Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) shares reached a new 52-week low on Friday . The company traded as low as $7.10 and last traded at $7.23, with a volume of 193462 shares traded. The stock had previously closed at $7.60. A number of equities research analysts recently weighed in on BPY shares. Royal Bank […]
- 04/05/2020
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First Republic Investment Management Inc. Has $264,000 Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- First Republic Investment Management Inc. lowered its holdings in Brookfield Property Reit Inc (NASDAQ:BPR) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,295 shares of the company’s stock after selling 2,845 shares during the quarter. First Republic Investment Management […]
- 04/03/2020
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Amalgamated Bank Sells 3,760 Shares of Brookfield Property Reit Inc (NASDAQ:BPR)
- Amalgamated Bank trimmed its position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,576 shares of the company’s stock after selling 3,760 shares during the quarter. Amalgamated Bank’s holdings in Brookfield Property Reit were […]
- 04/03/2020
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Brookfield Property REIT Inc. -- Moody's places the ratings of Brookfield Property REIT on review for downgrade
- Moody's Investors Service, ("Moody's") placed the ratings of Brookfield Property REIT Inc. ("BPYU") on review for downgrade, including its Ba2 Corporate Family Rating and its Ba3 senior secured bank credit facility and senior secured notes. At the same time, Moody's downgraded the REIT's Speculative Grade Liquidity rating to SGL-4 from SGL-3.
- 04/02/2020
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Brookfield Asset Mng (BAM) Receives a Buy from RBC Capital
- RBC Capital analyst Neil Downey maintained a Buy rating on Brookfield Asset Mng (BAM) today and set a price target of $39.00. The company's shares closed
- 04/02/2020
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March 2020 Passive Income Report - $1,252.63
- This month hasn't been ideal for our finances, but that passive income keeps on coming. There was zero raise for our portfolio this month and 1 cut. 12 companie
- 04/02/2020
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Brookfield Property Reit Inc (NASDAQ:BPR) Shares Bought by Cubist Systematic Strategies LLC
- Cubist Systematic Strategies LLC boosted its position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 95.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 100,781 shares of the company’s stock after acquiring an additional 49,345 shares during the quarter. Cubist Systematic Strategies LLC […]
- 04/01/2020
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The Retail Apocalypse Is Knocking At Our Door
- Across the U.S., malls, outlets and other shopping centers are closed down for who knows how long. We’ve been attempting to navigate through these difficult tim
- 04/01/2020
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Financial Survey: Easterly Government Properties (NASDAQ:BPYU) versus CBL & Associates Properties (NASDAQ:CBL)
- Easterly Government Properties (NASDAQ:BPYU) and CBL & Associates Properties (NYSE:CBL) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, risk, earnings, analyst recommendations and profitability. Volatility & Risk Easterly Government Properties has a beta of 1.1, suggesting […]
- 04/01/2020
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Connor Clark & Lunn Investment Management Ltd. Sells 2,209,565 Shares of Brookfield Property Partners LP (NASDAQ:BPY)
- Connor Clark & Lunn Investment Management Ltd. cut its position in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 60.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,419,398 shares of the financial services provider’s stock after selling 2,209,565 […]
- 03/31/2020
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1832 Asset Management L.P. Has $24.35 Million Position in Brookfield Property Partners LP (NASDAQ:BPY)
- 1832 Asset Management L.P. lowered its stake in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 75.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,329,866 shares of the financial services provider’s stock after selling 4,154,140 shares during the period. 1832 Asset […]
- 03/31/2020
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Camden Property Trust (NYSE:CPT) vs. Easterly Government Properties (NYSE:BPYU) Financial Comparison
- Camden Property Trust (NYSE:CPT) and Easterly Government Properties (NASDAQ:BPYU) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, risk, earnings, dividends and valuation. Volatility & Risk Camden Property Trust has a beta of 0.47, meaning that its […]
- 03/31/2020
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Brookfield Property Partners: Iconic Assets At Iconic Discount
- Panic selling has caused massive outflows from real estate and opened up opportunities to buy high-quality assets at deep discounts. We believe Brookfield Prope
- 03/30/2020
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Credit Suisse AG Trims Stake in Brookfield Property Reit Inc (NASDAQ:BPR)
- Credit Suisse AG reduced its position in Brookfield Property Reit Inc (NASDAQ:BPR) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 88,425 shares of the company’s stock after selling 10,857 shares during the period. Credit Suisse AG owned 0.14% of Brookfield Property Reit worth $1,631,000 at […]
- 03/30/2020
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Advisor Group Inc. Raises Stock Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- Advisor Group Inc. raised its holdings in Brookfield Property Reit Inc (NASDAQ:BPR) by 31.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,489 shares of the company’s stock after purchasing an additional 3,021 shares during the quarter. Advisor Group Inc.’s holdings in […]
- 03/30/2020
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Capital International Investors Acquires 4,688 Shares of Brookfield Property Partners LP (NASDAQ:BPY)
- Capital International Investors boosted its holdings in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,850,874 shares of the financial services provider’s stock after buying an additional 4,688 shares during the […]
- 03/29/2020
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Belpointe Asset Management LLC Has $201,000 Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- Belpointe Asset Management LLC increased its holdings in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,878 shares of the company’s stock after acquiring an additional 1,514 shares during the quarter. Belpointe Asset Management […]
- 03/29/2020
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Dividend Challenger Highlights: Week Of March 29
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 03/28/2020
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Retail REITs Quake As The Cheesecake Factory Goes On Strike
- Out of the blue, The Cheesecake Factory told its landlords that it will not be paying its April rent. This is surprising as The Cheesecake Factory appeared to h
- 03/26/2020
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Cheesecake, AMC news highlight tenants financial stress, says RBC Capital CAKE;AMC;SPG;MAC;CBL;RPAI;PEI;REG;SRG;TCO;WPG;DEI;BPY
- Cheesecake, AMC news highlight tenants financial stress, says RBC Capital RBC Capital CAKE AMC SPG MAC CBL RPAI PEI REG SRG TCO WPG DEI BPY
- 03/26/2020
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Brookfield Property Partners: 15% Yield, Trophy Assets, Insiders Buying
- Brookfield Property Partners has a high-quality office and retail portfolio. Leverage is very high. Shares are priced for catastrophe, but I explain why I have
- 03/26/2020
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Goldman Sachs Group Inc. Has $44.78 Million Stock Holdings in Brookfield Property Partners LP (NASDAQ:BPY)
- Goldman Sachs Group Inc. boosted its holdings in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 2,978.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,449,719 shares of the financial services provider’s stock after acquiring an additional 2,370,154 shares during the period. Goldman Sachs Group Inc. […]
- 03/26/2020
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Asset Management One Co. Ltd. Reduces Stock Position in Brookfield Property Reit Inc (NASDAQ:BPR)
- Asset Management One Co. Ltd. reduced its position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,584 shares of the company’s stock after selling 28,522 shares during the period. Asset Management […]
- 03/26/2020
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Blueshift Asset Management LLC Buys Shares of 27,691 Brookfield Property Reit Inc (NASDAQ:BPR)
- Blueshift Asset Management LLC bought a new stake in Brookfield Property Reit Inc (NASDAQ:BPR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,691 shares of the company’s stock, valued at approximately $511,000. A number of other large […]
- 03/25/2020
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How Brookfield Asset Management Is Ready to Handle the Turmoil
- The asset management company wants investors to embrace value investing as it reveals plans to navigate the volatile times.
- 03/23/2020
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Shopping Malls + Coronavirus: How COVID-19 Could Kill Malls
- Shopping malls have been been through a lot in recent years, and now they are being forced to contend with another unwelcome factor: the coronavirus crisis.
- 03/23/2020
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Barclays PLC Sells 31,513 Shares of Brookfield Property Reit Inc (NASDAQ:BPR)
- Barclays PLC lessened its position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 83.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,025 shares of the company’s stock after selling 31,513 shares during the period. Barclays PLC’s holdings […]
- 03/23/2020
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Do Hedge Funds Love Invesco Ltd. (IVZ)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Hedge Funds Were Dumping Pilgrim’s Pride Corporation (PPC) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Bunge Limited (BG): Hedge Fund Sentiment Unchanged
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Hedge Funds Aren’t Crazy About Newell Brands Inc. (NWL) Anymore
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Hedge Funds Don’t Like Brookfield Property Partners LP (BPY)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P; 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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"Widespread Panic" Hits Commercial Property Markets: Deals Implode, Renters Disappear, Businesses Shut Down
- "There’s downward pressure on every aspect of every asset class...”
- 03/22/2020
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Weekly CFO Buys Highlight
- Insiders invest in OneSpaWorld, New Residential Investment and Brookfield Property REIT Continue reading...
- 03/22/2020
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Easterly Government Properties (NASDAQ:BPYU) Trading 0.3% Higher
- Easterly Government Properties (NASDAQ:BPYU) shares traded up 0.3% during trading on Friday . The stock traded as high as $8.86 and last traded at $8.86, 76,620 shares changed hands during mid-day trading. A decline of 96% from the average session volume of 2,152,193 shares. The stock had previously closed at $8.83. The company has a […]
- 03/22/2020
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Citigroup Inc. Sells 248,451 Shares of Brookfield Property Reit Inc (NASDAQ:BPR)
- Citigroup Inc. reduced its holdings in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 87.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,004 shares of the company’s stock after selling 248,451 shares during the quarter. Citigroup Inc. owned […]
- 03/21/2020
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Contrasting Retail Value (NYSE:RVI) & Brookfield Property Partners (NYSE:BPY)
- Retail Value (NYSE:RVI) and Brookfield Property Partners (NASDAQ:BPY) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, risk, valuation and earnings. Analyst Ratings This is a breakdown of recent recommendations and price targets for Retail Value […]
- 03/21/2020
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Brookfield Property Partners Warns of Coronavirus Impact on Its Retail Portfolio
- The pandemic could severely hit the real estate company's retail tenants.
- 03/20/2020
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Brookfield Property sees sufficient liquidity to weather downturn
- Amid the uncertainty and volatile markets triggered by the spread of the coronavirus, Brookfield Property Partners (NASDAQ:BPY) points out that it has ~$6B of capacity in undrawn credit lines and cash
- 03/20/2020
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Brookfield Property says full impact of COVID-19 remains unknown BPY
- Brookfield Property says full impact of COVID-19 remains unknown BPY
- 03/20/2020
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BROOKFIELD PROPERTY PARTNERS PROVIDES UPDATE ON COVID-19
- BROOKFIELD NEWS, March 20, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) today provided an update to the investment community regarding the COVID-19.
- 03/20/2020
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BROOKFIELD PROPERTY PARTNERS PROVIDES UPDATE ON COVID-19
- BROOKFIELD NEWS, March 20, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) today provided an update to the...
- 03/20/2020
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Brookfield Property Partners (NASDAQ:BPY) Stock Rating Lowered by BidaskClub
- Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, BidAskClub reports. A number of other brokerages have also weighed in on BPY. Royal Bank of Canada reiterated a “buy” rating and set a $22.00 target price on […]
- 03/20/2020
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Brookfield Property Partners Sees Unusually High Options Volume (NASDAQ:BPY)
- Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 3,499 call options on the company. This represents an increase of approximately 621% compared to the average volume of 485 call options. A number of research analysts have issued reports on the stock. BidaskClub lowered shares […]
- 03/20/2020
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7 Top CEOs Buying Their Beaten-Down Stocks
- The S&P 500 is down hard year-to-date (including dividends) through March 19. Companies might not be doing buybacks but these top CEOs are.
- 03/19/2020
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Easterly Government Properties (NASDAQ:BPYU) CFO Bryan K. Davis Purchases 32,500 Shares
- Easterly Government Properties (NASDAQ:BPYU) CFO Bryan K. Davis bought 32,500 shares of Easterly Government Properties stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of $10.68 per share, with a total value of $347,100.00. Shares of BPYU stock opened at $8.27 on Thursday. The company has a current […]
- 03/19/2020
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The Galleria, other Houston-area malls temporarily shutter amid coronavirus
- The Galleria — along with Katy Mills and Houston Premium Outlets — will be closed until March 29, owner Simon Property Group announced March 18.
- 03/18/2020
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Wait, Isn't Preferred Stock Supposed To Be Safer Than Common? Looking At Pennsylvania Real Estate Investment Trust
- PEI common and preferred stock has been absolutely pummeled in the market sell-off. Interestingly, the preferred has done WORSE. The conversion rights spelled o
- 03/18/2020
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13,800 Shares in Brookfield Property Reit Inc (NASDAQ:BPR) Purchased by Pictet Asset Management Ltd.
- Pictet Asset Management Ltd. acquired a new position in Brookfield Property Reit Inc (NASDAQ:BPR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,800 shares of the company’s stock, valued at approximately $255,000. A number of other institutional investors and […]
- 03/18/2020
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AlphaCrest Capital Management LLC Buys New Shares in Brookfield Property Reit Inc (NASDAQ:BPR)
- AlphaCrest Capital Management LLC purchased a new stake in shares of Brookfield Property Reit Inc (NASDAQ:BPR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,000 shares of the company’s stock, valued at approximately $535,000. A number of other institutional investors […]
- 03/18/2020
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Allied Esports Entertainment Announces Fourth Quarter and Full Year 2019 Financial Results
- Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the "Company"), a global esports entertainment company, today announced its financial results for the fourth quarter and full year ended December 31, 2019, as well as an update on several key business initiatives.
- 03/16/2020
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Franklin Resources Inc. Purchases 6,849 Shares of Brookfield Property Partners LP (NASDAQ:BPY)
- Franklin Resources Inc. lifted its stake in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 836,174 shares of the financial services provider’s stock after buying an additional 6,849 shares during the […]
- 03/16/2020
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Brookfield Property Partners (NASDAQ:BPY) Downgraded by BidaskClub
- BidaskClub cut shares of Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) from a hold rating to a sell rating in a research report report published on Thursday, BidAskClub reports. Several other research firms also recently issued reports on BPY. Canaccord Genuity downgraded Brookfield Property Partners from a buy rating to a hold rating and set a $20.00 […]
- 03/16/2020
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Simon Property - Taking Advantage Of The Sell Off, But With Caution
- Simon is in free fall along with the markets. Simon is down 40% YTD, trading at a dividend yield of almost 10%. The long term thesis remains intact. Simon is th
- 03/13/2020
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Charles Schwab Investment Management Inc. Grows Stock Holdings in Brookfield Property Reit Inc (NASDAQ:BPR)
- Charles Schwab Investment Management Inc. grew its holdings in Brookfield Property Reit Inc (NASDAQ:BPR) by 38.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,676 shares of the company’s stock after purchasing an additional 95,571 shares during the quarter. Charles Schwab […]
- 03/12/2020
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This Is Where I Would Invest $1,000 Right Now
- Buy deeply discounted Brookfield Property Partners L.P. (TSX:BPY.UN)(NASDAQ:BPY) today and lock in a juicy 8% yield. The post This Is Where I Would Invest $1,000 Right Now appeared first on The Motley Fool Canada .
- 03/11/2020
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Brookfield Property Partners LP (NASDAQ:BPY) Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
- BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 43.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 722,788 shares of the financial services provider’s stock after buying an additional 217,412 shares during the […]
- 03/11/2020
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Sofitel D.C. hotel sells to Brookfield
- Pebblebrook Hotel Trust (NYSE: PEB) has closed the sale of the Sofitel Washington D.C. hotel, a little more than a month after it said the property was under contract. The Bethesda lodging real estate investment trust sold the 237-room luxury hotel to a division of Brookfield Properties (NASDAQ: BPY), according to deed records. The LLC that purchased the building has an Annapolis address that was formerly the home to Thayer Lodging Trust, which was acquired by Brookfield in 2014.
- 03/09/2020
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Weekly CEO Buys Highlight
- Details the CEO buys this past week for the following companies: Energy Transfer, Planet Fitness, American Assets Trust, Continental Resources and Brookfield Property REIT Continue reading...
- 03/09/2020
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Ieq Capital LLC Invests $267,000 in Brookfield Property Reit Inc (NASDAQ:BPR)
- Ieq Capital LLC purchased a new position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,471 shares of the company’s stock, valued at approximately $267,000. Several other institutional investors and […]
- 03/08/2020
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Great West Life Assurance Co. Can Has $24.53 Million Holdings in Brookfield Property Partners LP (NASDAQ:BPY)
- Great West Life Assurance Co. Can lessened its position in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,354,482 shares of the financial services provider’s stock after selling 104,215 shares during the quarter. […]
- 03/08/2020
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Brookfield Property Reit Inc (NASDAQ:BPR) Shares Purchased by Chicago Equity Partners LLC
- Chicago Equity Partners LLC increased its position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 46.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,770 shares of the company’s stock after acquiring an additional 6,540 shares during the […]
- 03/07/2020
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Is Brookfield Asset Management Stock a Buy?
- The alternative asset manager has managed to perform well, even through the current market correction.
- 03/06/2020
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Brookfield Asset Management 2019 Valuation
- Management has consistently shown the ability to generate fees and increase value for long-term shareholders. Given a boost from the Oaktree acquisition, the as
- 03/05/2020
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Brookfield, Blackstone weigh sale of New York City’s One Liberty Plaza
- The real estate investors are seeking around US$1.6 billion to US$1.7 billion from a full sale of the tower, sources said
- 03/04/2020
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Brookfield, Blackstone Weigh a Sale of NYC’s One Liberty Plaza
- (Bloomberg) -- Brookfield Property Partners and Blackstone Group Inc. are weighing a sale of One Liberty Plaza, a downtown Manhattan office skyscraper, people with knowledge of the matter said.The real estate investors are seeking around $1.6 billion to $1.7 billion from a full sale of the tower, said the people, who requested anonymity because the talks are private. Representatives for Brookfield and Blackstone declined to comment.The property, located at 165 Broadway in the Financial District, has more than 2.3 million square feet of office space, according to Brookfield’s website. Built in 1972, it counts law firm Cleary Gottlieb Steen & Hamilton LLP and the Financial Industry Regulatory Authority as well as flexible-workspace providers Convene and Regus among its tenants.A sale of the tower would probably rank among the largest New York office transactions this year. The city’s office properties were 92.3% occupied in 2019, down from 92.8% a year earlier, according to a report by Jones Lang LaSalle Inc.In 2019, New York’s largest office deals included Related Cos.’ $2.2 billion purchase of WarnerMedia’s office condominium and the purchase of 711 Fifth Ave. by a partnership of Michael Shvo and Bilgili Group for more than $900 million.Cushman & Wakefield advised on those transactions and is currently marketing One Liberty Plaza.Blackstone acquired a 49% stake in the building from Brookfield in late 2017 in a deal that valued the tower at $1.5 billion, according to data provider Real Capital Analytics.Industry publication Real Estate Alert reported last month that Brookfield and Blackstone had discussed selling a partial interest in the building.To contact the reporters on this story: Gillian Tan in New York at gtan129@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, ;Liana Baker at lbaker75@bloomberg.net, Christine MaurusFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 03/04/2020
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Why Brookfield Property Partners Units Fell 12% in February
- COVID-19 is worrying Brookfield Property Partners investors, but that's because it could aggravate an already troubling problem.
- 03/04/2020
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Brookfield said to weigh $5-billion sale of auto dealership landlord Capital Automotive
- The real estate giant is interviewing advisers ahead of a potential sale, sources said
- 03/03/2020
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REITs: Own A Piece Of Hawaiian Paradise
- We believe that some of the unique challenges for the market are exactly what makes Hawaii an attractive place to invest. In particular, the difficulty of devel
- 03/03/2020
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New Preferred Stock IPOs, February 2020
- Eleven new preferred stocks were introduced during February, offering an average annual coupon of 6.3 percent. There are currently 123 high quality preferred st
- 03/03/2020
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This Real Estate Dividend Stock Is Too Cheap to Ignore!
- Brookfield Property Partners L.P. (TSX:BPY.UN)(NASDAQ:BPY) gives you instant access to a diversified real estate portfolio that throws off regular cash dividends.
- 03/03/2020
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Brookfield Property Reit Inc (NASDAQ:BPR) CFO Bryan K. Davis Acquires 27,500 Shares
- Brookfield Property Reit Inc (NASDAQ:BPR) CFO Bryan K. Davis acquired 27,500 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $16.67 per share, with a total value of $458,425.00. Following the completion of the purchase, the chief financial officer now directly owns 27,500 […]
- 03/03/2020
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WFRBS Commercial Mortgage Trust 2012-C7 -- Moody's affirms nine and downgrades four classes of WFRBS 2012-C7
- The ratings on eight P&I; classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The ratings on three P&I; classes were downgraded due to the decline in performance and upcoming refinance risk of four loans (40.9% of the pool) secured by regional malls comprising of ; Northridge Fashion Center, Town Center at Cobb, Florence Mall, and Fashion Square, and the anticipated losses from troubled loans.
- 03/02/2020
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Avanath Plans IPO for REIT Targeting Opportunity Zones
- (Bloomberg) -- Aspire REIT, an affordable housing real estate investment trust affiliated with Avanath Capital Management LLC, has confidentially filed for an initial public offering, according to people with knowledge of the matter.Los Angeles-based Aspire is seeking to raise between $300 million and
- 03/02/2020
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Brookfield Office Properties Announces Quarterly Dividend Rate on Its Series S Preference Shares
- Not for distribution to U.S. newswire services nor for dissemination to the United States. All amounts in Canadian dollars. BROOKFIELD NEWS, March 02, 2020 -- Brookfield.
- 03/02/2020
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Brookfield Property REIT Inc. Completes 2019 Annual Filings and Announces Ticker Symbol Change to “BPYU”
- BROOKFIELD NEWS, March 02, 2020 -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that it has filed its 2019 annual report on Form 10-K, including its audited.
- 03/02/2020
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Brookfield Property Partners Completes 2019 Annual Filings
- BROOKFIELD NEWS, March 02, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) announced today that it has filed its 2019 annual report on Form 20-F, including.
- 03/02/2020
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Brookfield Property Partners Completes 2019 Annual Filings
- BROOKFIELD NEWS, March 02, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) announced today that it has filed its...
- 03/02/2020
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Industry Moves: Walmart Taps Sam’s Club Exec for Key E-Comm Role + More
- March 1, 2020: Walmart has appointed Jamie Iannone as chief operating officer for U.S. e-commerce. Iannone, who has worked for Sam's Club for six years, had previously been CEO of Samsclub.com and EVP of membership and technology. In his new role, he will report to Marc Lore, Jet.com's founder
- 03/01/2020
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Brookfield Property Reit Inc (NASDAQ:BPR) Short Interest Update
- Brookfield Property Reit Inc (NASDAQ:BPR) was the target of a large increase in short interest in February. As of February 14th, there was short interest totalling 14,080,000 shares, an increase of 8.6% from the January 30th total of 12,970,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 13.9 […]
- 02/29/2020
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