|Bid||25.71 x 0|
|Ask||25.82 x 0|
|Day's Range||25.60 - 26.59|
|52 Week Range||23.28 - 31.10|
|PE Ratio (TTM)||14.56|
|Forward Dividend & Yield||1.64 (6.35%)|
|1y Target Est||N/A|
TSX: BPY.UN) announced today that the Toronto Stock Exchange (the “TSX”) accepted a notice filed by BPY of its intention to renew its prior normal course issuer bid for a further one-year period. BPY stated that at times its limited partnership units trade in price ranges that do not fully reflect their value.
TSX: BPY.UN) (“BPY”) today issued a reminder to GGP Inc. (GGP) (“GGP”) common shareholders to make elections for their preferred form of the special dividend to be issued in connection with BPY’s acquisition of GGP prior to the election deadline of 5:00 p.m. (Eastern Time) on August 21, 2018. GGP common shareholders of record as of the end of trading on the New York Stock Exchange (“NYSE”) on July 27, 2018 (“shareholders of record”) are eligible to make this election and registered shareholders have previously been mailed an election form.
Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) today announced its plans to commence development of the third and final office tower of Bay Adelaide Centre in downtown Toronto. Scotiabank has signed a commitment to lease 420,000 square feet – approximately 51% of the building – for 15 years as the anchor tenant of Bay Adelaide Centre North. “We are pleased to commence development of the North and final tower at Bay Adelaide Centre with highly respected financial institution, Scotiabank, as the lead tenant,” said Jan Sucharda, Global President and COO, Office Division, for Brookfield Property Partners.
TSX: BPY.UN) (“BPY”) announced today that, in connection with its previously announced agreement to acquire GGP Inc. (“GGP”) (the “Transaction”), Brookfield Asset Management Inc. (“Brookfield Asset Management”), which beneficially owns an approximate 69% limited partnership interest in BPY on a fully-exchanged basis (excluding the Class A preferred limited partnership units of Brookfield Property L.P.), has provided the Toronto Stock Exchange (“TSX”) with updated written consent confirming that it is in favor of the Transaction, which satisfies the BPY unitholder approval requirement of the TSX. Please refer to BPY’s press release from June 7, 2018 for further details of the Transaction.
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Brookfield Property Partners LP has sold a 28 percent stake in a portfolio of Manhattan office and multifamily buildings, giving it proceeds of about $1.4 billion. The company, which is the publicly traded real estate arm of Brookfield Asset Management Inc., plans to sell an additional 7 percent stake in the portfolio to institutional investors by the end of the year or in early 2019, for total proceeds of about $1.8 billion, executives said on Brookfield Property’s second-quarter earnings call Wednesday. The portfolio encompasses all of the company’s core holdings in Manhattan, in addition to One Manhattan West and the first of its residential towers in Brooklyn’s Greenpoint neighborhood.
All dollar references are in U.S. dollars, unless noted otherwise.. BROOKFIELD NEWS, Aug. 01, 2018-- Brookfield Property Partners L.P. today announced financial results for the quarter ended June 30, 2018.. ...
Deadline for GGP common stockholders to make their elections is 5:00 p.m. on August 21, 2018. GGP common stockholders can elect to receive for their shares cash and/or equity, and can further elect to ...
TSX: BPY.UN) (“BPY”) pursuant to the Merger Agreement (as defined below) at a special meeting of GGP stockholders held today. All the other proposals voted upon at the meeting and identified in GGP’s definitive proxy statement, filed June 27, 2018, were also approved. GGP’s stockholder approval was a condition to the closing of the transactions contemplated by the Merger Agreement, including the payment of the previously announced special dividend to certain common stockholders of GGP.
NEW YORK, NY / ACCESSWIRE / July 6, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with ...
Brookfield Property Finance ULC, a subsidiary of Brookfield Property Partners L.P. (BPY) (TSX:BPY.UN), announced today the completion of its Medium Term Notes, Series 1 issue (the “Notes”). The Notes will be fully and unconditionally guaranteed by Brookfield Property Partners and certain of its key holding subsidiaries. The Notes were offered by a syndicate of agents co-led by CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc. The net proceeds of the issue will be used by Brookfield Property Finance ULC for general corporate purposes.
BROOKFIELD NEWS, June 29, 2018-- Brookfield Property Partners L.P. announced today that its second quarter 2018 financial results will be released before the market open on Wednesday, August 1, 2018. Analysts, ...
Brookfield Property Partners L.P. (“BPY”) (BPY) (TSX:BPY.UN) announced today that in connection with BPY’s previously announced agreement to acquire GGP Inc. (“GGP”) (the “Transaction”), Brookfield Asset Management Inc. (“Brookfield Asset Management”), which beneficially owns an approximate 69% limited partnership interest in BPY on a fully-exchanged basis, has provided the Toronto Stock Exchange (“TSX”) with written consent confirming that it is in favor of the Transaction. This written consent satisfies the BPY unitholder approval requirement of the TSX.
Not for distribution to U.S. newswire services nor for dissemination to the United States. All amounts in Canadian dollars.. BROOKFIELD NEWS, June 01, 2018-- Brookfield Office Properties Inc., a subsidiary ...
NEW YORK, NY / ACCESSWIRE / May 23, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with ...
The Hamilton, Bermuda-based company said it had profit of 69 cents per share. The real estate company posted revenue of $1.11 billion in the period. Brookfield Property shares have decreased 13 percent ...
MCLEAN, Va., April 11, 2018 /PRNewswire/ -- "We are honored to announce the continuation of great change here at Capital Automotive Real Estate Services (CARS) with an exciting addition to our management team. Tamara C. Darvish has joined CARS as our new Chief Operating Officer (COO). Tamara brings with her an abundance of knowledge and experience in retail automotive and banking industries. She will be a great asset to our already outstanding team," said Jay Ferriero, President and CEO of Capital Automotive. Tamara most recently held the position of Chief Operating Officer at Pentagon Federal (PenFed) Credit Union where she spearheaded efforts to grow assets by billions, by generating millions of dollars of loan growth each month.
Acquiring the 66 percent of GGP it doesn’t already own will allow Bermuda-headquartered Brookfield Property Partners (Nasdaq: BPY) to repurpose some of the mall owner’s 125 properties around the nation.
Chicago-based GGP Inc., which owns five Houston-area malls, has agreed to be acquired by Brookfield Property Partners LP., the real estate unit of Toronto-based Brookfield Asset Management Inc.