Brookfield Asset Management Inc. Message Board

1) We are into a new year and the market is beginning to discount the nicely higher FFO per share lift that GGP is likely to bring this year as compared to last year, 2) The REIT sector remains in favor as the real estate market has blipped up a bit, encouraging investors, 3) Though REIT stocks are up considerably already, they still offer higher than market average yields in a market starved for yield, and 4) the 10 year treasury note has come down in yield substantially in the past 6 weeks, so competing REIT yields look even better and a lower rate structure across the board offers the continued capability for REITs in general to refinance existing loans they have at yet lower rates, freeing capital for FFO growth opportunities. There are more reasons of course, including that the market generally has risen, lifting all boats-- including REIT's, but these are a few reasons for the lift in GGP that come to mind.

It is too early to prognosticate on the year end GGP price. There are too many variables to consider that will impact it that are yet unknown. It is like picking the World Series winner before the season begins, without knowing what trades, draft picks, critical re-signings, and injuries will happen to any given team.

The only thing that has become clear from the GGP "bench" is that Ackman is no longer hollering, "Put me in coach, I'm ready to play"...cue the music, DJ Biff!!!

Happy Tuesday!

Dabs

Great to hear from you, Reitdude42! I had wondered if you were still a holder of GGP. Lots of great discussion back in the dog days in the spring of 2009 and thereafter. You were a critical help in piecing together the sensible view that GGP would survive and prosper when it looked to be the darkest hour. Amidst all the fear, there weren't many voices on this message board which shared that view, but yours was clearly one, along with mine and some others. When all had seemingly lost their heads, it was more than good to have your voice backing those of us who ultimately proved to be so right! What a great ride it has been!

dabqs

Mark it for posterity and to remember old Reit E. Boom, the "Mark it" maniac!

After a good run recently, I doubt GGP has much more upward stock price movement coming in the short run.

Dabs

Septembe/October 2013, according to management.

Still here, benyeong. But GGP isn't generating the same exciting moves upward as it did in the 2009 and 2010 years, so the message board is as quiet as a morgue these days. And GGP is pretty much out of the news, too, so we are getting fewer visitors who have read some news article. Even Sandeep, in recent interviews, calls it a bit boring. Even Biff is selling some shares today!!! (Must have a big springtime clambake/lobsterfest planned for the relatives up there in Maine, hence the stock sale!).

Best of luck to you.

dabs

Yes, I was just checking if you were still on the watch! Actually, I am sending from my mo-vile phone on occasion and am unable to check it before sending. Brace yourself for more butchery of the language, Biff! There is no stopping mo-vile phone communication!

Dabs

A market surge or a buyout offer would accomplish that. Don't count on the latter, and hope for the former if your near term goal is mid 20's. Of course, GGP is performing very operationally and could continue to produce above Street expectation quarterly earnings results. That has, in the past, always goosef the stock price nicely higher.

Dabs

GGP could launch upwards with the market. Heck of a run of 9 up days in a row for the DJIA, and GGP " to the moon" may soon be leading the market charge higher like a beacon!

Correct Esoxlucious, it boggles the mind what people will come up with that nowhere near reflects reality. So taking it a step further, after bidding $27 for $40 in value,--a 33% discount to value--what do you think Corvex/Related would bid for $24 in value?

rfritz10,
You are a complete, unadulterated, idiot. I hope you still own shares of this POS. You deserve this management team. Keep riding these conflicted, self-serving, no good schmucks right down to single digits because that is where THIS trainwreck is heading if this rotten management team is not kicked out. As for me, I dumped this POS on the recent lift to $24-25 and I feel lucky to exit with a profit. I have NEVER seen such shareholder abuse in my entire decades long period of investing. You need a brain transplant! I can't believe any rational human being who possesses at least one solitary brain cell twirling about an otherwise empty and vapid head could possibly not get this but you my friend, cannot grasp a screw jab when it nails you right between the eyes. Unbelievable display of stupidity, rfritz, unbelievable!

No way we see $16 soon unless the market itself craters. GGP "to the moon, Alice". Dow Jones average up 8 days in a row! Go GGP go!