|Bid||0.00 x 1200|
|Ask||0.00 x 2900|
|Day's Range||18.34 - 18.64|
|52 Week Range||17.98 - 21.22|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||9.18|
|Earnings Date||Oct 29, 2019 - Nov 03, 2019|
|Forward Dividend & Yield||1.33 (7.24%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||22.40|
A new report predicts that holiday sales this year will be strong, and spending will rise by 4.9% this year. Tom McGee, CEO of the International Council of Shopping Centers joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss what to expect this holiday shopping season.
The company, which has 32 locations in six U.S. cities and London, has close ties with the project's developer.
A Delaware bankruptcy judge this week gave the go-ahead to a rescue bid from Simon Property Group and Brookfield Property Partners, a highly unconventional transaction that shows how turmoil in retail is upending longstanding business practices. The shopping centre owners have teamed up with BlackRock-controlled Authentic Brands, a licensing specialist that owns Sports Illustrated magazine, to buy the chain out of bankruptcy for about $80m and an agreement to assume some of its liabilities.
BROOKFIELD NEWS, Feb. 05, 2020 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share.
Net Income of $1.5 Billion for the Quarter and $3.2 Billion for the Year;Company FFO and Realized Gains of $459 Million for the Quarter and $1.5 Billion for the Year All.
In late October, at the Baron Investment Conference, I listened to Bruce Flatt, CEO of Canadian money manager Brookfield Asset Management, recalls Mark Skousen, leading growth and income expert and editor of Forecasts & Strategies.
On a busy stretch of Manhattan’s Fifth Avenue a few blocks south of Trump Tower, a decaying skyscraper stands as a rebuke to the $1.8bn deal that Jared Kushner helped his family sign a decade ago, at the age of 26. The Qatari finance minister Ali Shareef al-Emadi met Mr Kushner’s father in 2017, although Charles Kushner has said he took the appointment “out of respect” and stressed there could be no deal. Brookfield is a name that towers over the global investment industry, even if it receives less scrutiny or attention than rivals of similar size.
(Bloomberg) -- A group including two of Forever 21 Inc.’s biggest landlords has offered to buy the bankrupt retailer for $81 million, a fraction of what the international fashion pioneer was once worth.The consortium of Simon Property Group Inc., Brookfield Property Partners LP and Authentic Brands Group LLC is seeking to buy substantially all of the company’s assets, according to documents filed Sunday in federal bankruptcy court.The so-called stalking horse agreement sets a minimum price for a proposed auction later this month. If no other bidders step forward, the consortium would be declared the winner.The agreement calls for a court hearing on the deal no later than Feb. 13 and court approval by Feb. 18, the documents show. The would-be buyers have the right to close and wind down certain stores and conduct going-out-of-business sales, according to the filing. They’re also entitled to a $4.65 million break-up fee under some circumstances if the sale isn’t completed.Exit StrugglesForever 21 had been in “substantial, round-the-clock negotiations” about the bid, the Los Angeles-based company said in documents filed last week.Bloomberg previously reported that Authentic Brands and Simon Property were mulling a plan to acquire the retail chain. Forever 21 was talking about selling a stake to Simon and its other largest landlord, Brookfield Property Partners LP, before it filed for bankruptcy in September, Bloomberg reported in September. Negotiations broke down and the company had to seek court protection without a reorganization plan in place.The chain has since struggled to raise money to exit bankruptcy, with potential lenders and buyers balking because of poor sales and the founding Chang family’s insistence on maintaining control. Forever 21 recently told suppliers in a letter reviewed by Bloomberg that it’s short on cash and that it could be forced to liquidate if a buyer doesn’t emerge.As part of the stalking-horse bid, the potential buyers deposited almost $13.5 million in connection with the sale, and any competing bids would have to deposit 10% of the cash purchase price up front, according to court filings.The case is Forever 21 Inc., 19-12122, District of Delaware (Delaware).(Adds new timeline and buyer deposits starting in fourth paragraph)\--With assistance from Jeremy Hill.To contact the reporter on this story: Eliza Ronalds-Hannon in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nikolaj Gammeltoft at email@example.com, Rick Green, Shannon D. HarringtonFor 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.
BROOKFIELD NEWS, Jan. 24, 2020 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today the tax reporting information for 2019 distributions on its Class A Stock and.
Allied Esports Entertainment (NASDAQ: AESE), a global esports entertainment company, today announced that Brookfield Property Partners (NASDAQ: BPY), one of the world’s premier real estate companies, will become a shareholder of the company through a $5 million equity investment.
BROOKFIELD NEWS, Jan. 10, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its fourth quarter and full-year 2019 financial results will.
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
Some consumers and retail employees may be pushing back against the ever-creeping Black Friday hours, but this Thanksgiving is set to see almost all major Houston malls open late on Thanksgiving to allow after-dinner shoppers to get a head start.
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Nov. 06, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPR; TSX: BPY.UN).
BROOKFIELD NEWS, Oct. 08, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its third quarter 2019 financial results will be released.