BPY-UN.TO - Brookfield Property Partners L.P.

Toronto - Toronto Delayed Price. Currency in CAD
24.66
-0.19 (-0.76%)
As of 3:12PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close24.85
Open24.85
Bid24.66 x 0
Ask24.67 x 0
Day's Range24.57 - 24.85
52 Week Range20.41 - 28.49
Volume247,645
Avg. Volume476,367
Market Cap10.211B
Beta (3Y Monthly)1.09
PE Ratio (TTM)13.06
EPS (TTM)1.89
Earnings DateN/A
Forward Dividend & Yield1.73 (6.96%)
Ex-Dividend Date2019-05-30
1y Target EstN/A
  • GlobeNewswire14 days ago

    Brookfield Property Partners to Hold Conference Call & Webcast of Second Quarter 2019 Financial Results Friday, August 2, 2019 at 11:00 AM (ET)

    BROOKFIELD NEWS, July 02, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its second quarter 2019 financial results will be released.

  • Bloomberg19 days ago

    Forever 21 Officials Approached Landlords About Possible Purchase

    (Bloomberg) -- A small faction of officials at Forever 21 Inc. has asked its biggest landlords if they’d consider taking a stake in the clothing retailer, as the company’s leadership battles internally about how to turn around the struggling store chain.The group, which didn’t have the backing of the company’s co-founder, talked to Simon Property Group Inc. and Brookfield Property Partners LP about a range of options including a sale, according to people with knowledge of the matter. A rival set of officials, aligned with co-founder Do Won Chang, has opposed any such deal with landlords, the people said, as Chang wants to preserve control over the empire that made him a billionaire.A representative for Forever 21 said the company hasn’t had talks with landlords outside of rent negotiations. “While Forever 21’s policy is not to comment on speculations, we feel it’s important to refute these rumors, which are categorically incorrect,” the company said in a statement. “As a normal course of business, Forever 21 has been in regular rent renegotiation meetings. We have not had any conversations with mall operators regarding an investment in the company, nor a sale.”There is a precedent for landlords taking over retailers. Aeropostale Inc., the teen clothing store, sold itself in bankruptcy to a group including the two biggest U.S. mall owners in 2016. With Forever 21, the situation is fluid and it’s not clear how the company will restructure, said the people, who asked not to be identified because the discussions are private.Simon Property Group and Brookfield Property Partners, the biggest owners of malls in the U.S., are increasingly willing to discuss a wide range of options with tenants as retailers nationwide struggle to boost sales, including making steep concessions in leases. Online stores are winning more business, and malls are finding it harder to gain foot traffic.Representatives for Simon Property Group and Brookfield Property Partners declined to comment.Forever 21 operates more than 800 stores in the U.S., Europe, Asia and Latin America, with most in the U.S. Chang and his wife Jin Sook Chang, whose daughters now help run the company, opened their first store in Los Angeles in 1984 and established it as a destination for younger shoppers looking for trendy clothes at affordable prices. But competitors have crowded into the segment, from H&M to Target to new online sellers.Mall UpheavalForever 21 is a key tenant to both landlords. Indianapolis-based Simon, a real estate investment trust that is the largest U.S. mall owner, counts Forever 21 as its sixth-largest store tenant outside of department stores, with 99 outlets covering 1.5 million square that account for 1.4% of the company’s total base minimum rent in the U.S., according to a filing as of March 31.For Brookfield Property Partners -- a unit of Toronto-based Brookfield Asset Management Inc. -- Forever 21 accounted for 2% of its minimum rents, according to a filing as of March 31. Brookfield last year bought GGP Inc., the second-largest U.S. mall operator.“Mall REIT exposure to Forever 21 is definitely bigger than most department stores, which pay very little base rent per square foot,” said Bloomberg Intelligence analyst Lindsay Dutch.Forever 21’s management, while fractured, has been busy over the past few weeks, holding discussions with lenders including Apollo Global Management LLC about potential bankruptcy financing. It has added investment bank Lazard Ltd. and law firm Kirkland & Ellis to its roster of advisers. It had tapped Latham & Watkins, its longtime legal counsel, for restructuring advice before adding Kirkland & Ellis. Latham & Watkins didn’t comment.The company is trying to avoid falling victim to the retail shakeout that destroyed dominant chains such as Borders Group and Sports Authority as consumers defected to online merchants. Many of the failed stores had been bought out by private equity firms that loaded the companies up with debt, leaving them unable to make investments needed to compete with rivals such as Amazon.com.(Updates with comment from BI analyst in paragraph 10.)\--With assistance from Scott Deveau, Boris Korby and Kiel Porter.To contact the reporters on this story: Lauren Coleman-Lochner in New York at llochner@bloomberg.net;Eliza Ronalds-Hannon in New York at eronaldshann@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Dan WilchinsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Brookfield Property Partners a Buy?
    Motley Fool2 months ago

    Is Brookfield Property Partners a Buy?

    This globe-spanning REIT pays a chunky dividend, but potential investors should be aware of a caveat or two.

  • Brookfield Property Partners LP (BPY) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Brookfield Property Partners LP (BPY) Q1 2019 Earnings Call Transcript

    BPY earnings call for the period ending March 31, 2019.

  • Associated Press2 months ago

    Brookfield Property: 1Q Earnings Snapshot

    On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 32 cents. The real estate company posted revenue of $1.5 billion in the period. Brookfield Property shares have risen ...

  • GlobeNewswire2 months ago

    Brookfield Property Partners Reports First Quarter 2019 Results

    All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, May 06, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPR; TSX: BPY.UN).

  • GlobeNewswire2 months ago

    Brookfield Property REIT Inc. Declares Quarterly Dividends

    BROOKFIELD NEWS, May 06, 2019 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today that its Board of Directors has declared a quarterly dividend of $0.33 per share.

  • GlobeNewswire3 months ago

    Brookfield Property Partners to Hold Conference Call & Webcast of First Quarter 2019 Financial Results Monday, May 6, 2019 at 11:00 am (ET)

    BROOKFIELD NEWS, April 08, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its first quarter 2019 financial results will be released.

  • If You Like Dividends, You Should Love These 3 Stocks
    Motley Fool4 months ago

    If You Like Dividends, You Should Love These 3 Stocks

    Texas Instruments, Brookfield Property Partners, and Intel are leaders in their respective industries and have track records of consistent dividend increases.

  • GlobeNewswire4 months ago

    Brookfield Property Partners Announces Final Results of Substantial Issuer Bid

    TSX: BPY.UN) announced today the final results of its substantial issuer bid (the “Offer”) to purchase for cancellation up to $405 million of its limited partnership units (the “BPY Units”), which expired at 5:00 pm (Eastern Time) on March 25, 2019. The Offer was open to holders of BPY Units (“BPY Unitholders”), holders of exchangeable limited partnership units of Brookfield Office Properties Exchange LP (“Exchange LP Unitholders”, and together with BPY Unitholders, the “Unitholders”) on an as exchanged basis (as exchanged, and together with the BPY Units, the “Units”) and holders of securities that are exchangeable into BPY Units prior to or at the time of the Offer.

  • GlobeNewswire4 months ago

    Brookfield Property Partners Announces Preliminary Results of Substantial Issuer Bid

    TSX: BPY.UN) announced today the preliminary results of its substantial issuer bid (the “Offer”) to purchase for cancellation up to $405 million of its limited partnership units (the “BPY Units”), which expired at 5:00 pm (Eastern Time) on March 25, 2019. The Offer was open to holders of BPY Units (“BPY Unitholders”), holders of exchangeable limited partnership units of Brookfield Office Properties Exchange LP (“Exchange LP Unitholders”, and together with BPY Unitholders, the “Unitholders”) on an as exchanged basis (as exchanged, and together with the BPY Units, the “Units”) and holders of securities that are exchangeable into BPY Units prior to or at the time of the Offer.

  • GlobeNewswire4 months ago

    Brookfield Property REIT Inc. Announces Preliminary Results of Substantial Issuer Bid

    Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the paying agent and depositary for the Offer, a total of 8,333,603 shares of Class A Stock were properly tendered and not properly withdrawn at the final purchase price of $20.30 per share, including 911,463 shares of Class A Stock that were tendered through notice of guaranteed delivery. In accordance with the terms and conditions of the Offer, and based on the preliminary count by the paying agent and depositary, BPR expects to take up and purchase for cancellation 4,679,802 shares of Class A Stock properly tendered and not properly withdrawn prior to the expiration of the Offer at a purchase price of $20.30 per share, for an aggregate cost of approximately $95 million, excluding fees and expenses relating to the Offer.

  • Brookfield Property REIT Inc. (BPR) Q4 2018 Earnings Conference Call Transcript
    Motley Fool4 months ago

    Brookfield Property REIT Inc. (BPR) Q4 2018 Earnings Conference Call Transcript

    BPR earnings call for the period ending December 31, 2018.

  • GlobeNewswire4 months ago

    Brookfield Property Partners Reminds Unitholders of Substantial Issuer Bid Expiry

    TSX: BPY.UN) reminds holders of its limited partnership units (“BPY Unitholders”) that its previously announced substantial issuer bid (the “Offer”) to purchase up to $405,000,000 of its limited partnership units (the “BPY Units”) for cash will expire at 5:00 p.m. (Eastern time) on March 25, 2019. Unitholders are urged to consult the formal offer to purchase and issuer bid circular, together with the letter of transmittal and notice of guaranteed delivery (the “Offer Documents”) for the terms and conditions of the Offer and instructions for tendering Units. The Offer Documents were mailed to Unitholders or their designated brokers, and are also available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

  • GlobeNewswire4 months ago

    Brookfield Property REIT Inc. Reminds Holders of Class A Stock of Substantial Issuer Bid Expiry

    Brookfield Property REIT Inc. (BPR) reminds the holders of its outstanding Class A Stock, par value $0.01 per share (“Class A Stock”), that its previously announced substantial issuer bid (the “Offer”) to purchase for cash up to $95,000,000 in value of shares of its Class A Stock will expire at 5:00 p.m. (Eastern time) on March 25, 2019. The Offer is being made by way of a “modified Dutch auction,” which allows holders of Class A Stock to select the price, within the specified range, at which each such holder is willing to sell all or a portion of the shares of Class A Stock that such holder owns.

  • Motley Fool5 months ago

    Meet the Brookfields, Meet Profit

    The Brookfield family tree gets a little complicated, but long-term investors should definitely get acquainted with these companies.

  • GlobeNewswire5 months ago

    Brookfield Property REIT Inc. Announces Commencement and Terms of Substantial Issuer Bid

    Brookfield Property REIT Inc. (“BPR”) (BPR) announced today that it has formally commenced its previously announced substantial issuer bid (the “Offer”) to purchase for cash up to $95,000,000 in value of shares of its Class A Stock, par value, $0.01 per share (“Class A Stock”). The Offer is not being made for limited partnership units (“BPY Units”) of Brookfield Property Partners L.P. (“BPY”), which are the subject of a concurrent and separate offer by BPY. The Offer is being made by way of a “modified Dutch auction,” which allows holders of Class A Stock to select the price, within the specified range, at which each such holder is willing to sell all or a portion of the shares of Class A Stock such holder owns.

  • GlobeNewswire5 months ago

    Brookfield Property Partners Announces Commencement and Terms of Substantial Issuer Bid

    TSX: BPY.UN) announced today that it has formally commenced its previously announced substantial issuer bid (the “Offer”) to purchase up to $405,000,000 of its limited partnership units (the “BPY Units”) from holders of Units (“BPY Unitholders”) for cash. This offer is also being made to holders of exchangeable limited partnership units (“Exchange LP Unitholders”) of Brookfield Office Properties Exchange LP on an as exchanged basis (as exchanged, and together with the BPY Units, the “Units”), and, subject to certain exceptions discussed below, holders of securities that are exchangeable into BPY Units prior to or at the time of the Offer (collectively, with the BPY Unitholders and Exchange LP Unitholders, the “Unitholders”).

  • GlobeNewswire5 months ago

    Brookfield Property Partners Reports Fourth Quarter & Full-Year 2018 Results, Announces $500 Million Substantial Issuer Bid

    Net Income of $858 Million for the Quarter and $3.7 Billion for the Year;Company FFO of $416 Million for the Quarter and $1.2 Billion for the Year; Quarterly Distribution Raised.

  • GlobeNewswire5 months ago

    Brookfield Property REIT Inc. Increases and Declares Quarterly Dividends

    BROOKFIELD NEWS, Feb. 07, 2019 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today that its Board of Directors approved an increase in the company’s quarterly.

  • GlobeNewswire5 months ago

    Brookfield Closes US$15 Billion Global Real Estate Fund

    BROOKFIELD, News, Jan. 31, 2019 -- Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) announced today the closing of its latest flagship.

  • GlobeNewswire6 months ago

    Brookfield Property REIT Inc. Announces Tax Reporting Information for 2018 Distributions on Shares of Brookfield Property REIT Inc. and GGP Inc.

    BROOKFIELD NEWS, Jan. 22, 2019 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today the tax reporting information for 2018 distributions on the delisted GGP Inc..

  • GlobeNewswire6 months ago

    Brookfield Office Properties Inc. Announces Renewal of Normal Course Issuer Bid for Preferred Shares

    BROOKFIELD NEWS, Jan. 17, 2019 -- Brookfield Office Properties Inc. (“Brookfield”) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the.

  • GlobeNewswire6 months ago

    Brookfield Property Partners to Hold Conference Call & Webcast of Fourth Quarter and Full-Year 2018 Financial Results Thursday, February 7, 2019 at 11:00 am (ET)

    BROOKFIELD NEWS, Jan. 07, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its fourth quarter and full-year 2018 financial results will.

  • GlobeNewswire7 months ago

    Brookfield Office Properties Provides Update on Conversion Option for Its Series T Preference Shares

    Not for distribution to U.S. newswire services nor for dissemination to the United States. BROOKFIELD NEWS, Dec. 27, 2018 -- Brookfield Office Properties Inc. (“Brookfield”),.