BPY - Brookfield Property Partners L.P.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
19.01
-0.02 (-0.11%)
At close: 4:00PM EDT
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Previous Close19.03
Open19.06
Bid18.99 x 3000
Ask19.99 x 3100
Day's Range18.98 - 19.22
52 Week Range14.96 - 21.22
Volume762,524
Avg. Volume820,201
Market Cap18.076B
Beta (3Y Monthly)0.98
PE Ratio (TTM)13.87
EPS (TTM)1.37
Earnings DateOct 30, 2019 - Nov 4, 2019
Forward Dividend & Yield1.32 (6.93%)
Ex-Dividend Date2019-08-29
1y Target Est22.81
Trade prices are not sourced from all markets
  • Holiday spending to rise by 4.9% this year: RPT
    Yahoo Finance Video

    Holiday spending to rise by 4.9% this year: RPT

    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.

  • Target, Walmart rejoice — Holiday spending is expected to rise nearly 5% this year
    Yahoo Finance

    Target, Walmart rejoice — Holiday spending is expected to rise nearly 5% this year

    Holiday spending is expected to rise 4.9% this year, a new forecast says.

  • GlobeNewswire

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

    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.

  • Barrons.com

    Forever 21’s Bankruptcy Is No Surprise. Things Are Tough in Retail.

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  • Brookfield Eyes Buyout of $870 Million London Offices
    Bloomberg

    Brookfield Eyes Buyout of $870 Million London Offices

    (Bloomberg) -- Brookfield Property Partners LP is in talks to buy out its partner in a 700 million-pound ($870 million) office complex in London’s financial district that includes the global headquarters of Schroders Plc, according to people with knowledge of the matter.The North American property giant owns the recently completed London Wall Place development equally with Oxford Properties Group Inc. Oxford Properties -- the real estate arm of the Ontario Municipal Employees Retirement System, a major Canadian pension fund -- has been selling off stakes in London offices in recent years.The talks are ongoing and there’s no certainty that a transaction will be completed, said the people, who asked not to be identified because the negotiations are private. Representatives of Brookfield and Oxford Properties declined to comment.Brookfield Asset Management Inc., the largest shareholder in Brookfield Property Partners, is one of the world’s largest real-estate investors, with $194 billion of assets under management, according to the firm’s website. It owns, develops and manages offices around the world, and also has holdings in retail, hotels, apartments and student housing.Stake SalesIn the last four years, Oxford Properties has sold stakes in London offices including the Cheesegrater skyscraper, buildings on Paternoster Square and the London headquarters of Nomura Holdings Inc. It’s also considering selling its 50% share in the Post Building, according to CoStar News.Oxford Properties has been investing in real estate elsewhere in Europe, while buying up rental housing and warehouses in the U.K. Last year, the fund bought a stake in Get Living, a London developer and manager of apartments that’s backed by investors including the sovereign wealth fund of Qatar and Dutch pension fund APG All Pensions Group NV.London Wall Place consists of two buildings. One London Wall Place, with 310,000 square feet (28,800 square meters) of office space, is leased entirely to Schroders. A smaller building is rented out to companies including Cleary Gottlieb Steen & Hamilton, R3, IFM Investors and Barnett Waddingham. About 6% of the building is empty, according to its website.Brookfield bought the project from Hammerson Plc in 2012, and sold a half share to Oxford Properties shortly after closing the deal.(Corrects to remove erroneous reference to Oxford selling stake in MidCity Place development in fifth paragraph.)To contact the reporters on this story: Jack Sidders in London at jsidders@bloomberg.net;Natalie Wong in Toronto at nwong133@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Patrick HenryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • How Brookfield's Acquisition of GGP Looks One Year Later
    Motley Fool

    How Brookfield's Acquisition of GGP Looks One Year Later

    Brookfield Property's buyout of the REIT was complicated and bold. A year later, other economic headwinds have kept the company from benefiting.

  • GlobeNewswire

    Brookfield Property Partners Issues $250 Million of Perpetual Green Preferred Units

    TSX: BPY.UN) issued its inaugural, corporate-level perpetual green preferred units – the first of their kind in the industry – yesterday through the issuance of 10,000,000 units of Class A Cumulative Redeemable Perpetual Preferred Units, Series 2 (the “Series 2 Preferred Units”).

  • GlobeNewswire

    Brookfield Property Partners Renews Normal Course Issuer Bid

    BROOKFIELD NEWS, Aug. 16, 2019 -- Brookfield Property Partners L.P. (“BPY”) (NASDAQ: BPY; TSX: BPY.UN) announced today that the Toronto Stock Exchange (the “TSX”) accepted a.

  • Motley Fool

    Sears Is Closing a Bunch of Stores (Again)

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  • 7 Winning High-Yield Dividend Stocks With Payouts Over 5%
    InvestorPlace

    7 Winning High-Yield Dividend Stocks With Payouts Over 5%

    Editor's note: This story was previously published in May 2019. It has since been updated and republished.Google the question "What's considered a high dividend yield?" and you get more than 65 million results. That's because many investors are on the hunt for dividend stocks to buy that not only appreciate over time but also pay a high dividend. So what is a high-dividend yield stock? One that pays 1%? 3%? 5%? The truth is there is no strict rule. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf you are interested in high-yield dividend stocks, it's better to focus on a company's history of growing its dividend rather than just looking for the juiciest dividend yields. That's because dividend yields are often high due to some problem with the business that's knocked its share price lower. * 7 A-Rated Stocks Under $10 That said, if you can find a group of stocks that yield 5% and have demonstrated the ability to grow the annual payment over a decent amount of time, double-digit total returns won't be nearly as difficult to achieve.The trick is finding those stocks. Here are seven high-yield dividend stocks to buy with a payout of 5% or more that I believe can get the job done. BP (BP)The integrated oil and gas company has come a long way since the Deepwater Horizon oil spill in 2010. BP (NYSE:BP) currently yields 6.55%. It has paid a quarterly dividend for 34 consecutive quarters starting with a 42-cent payment in Q4 2010.Source: Shutterstock For 15 quarters between Q3 2014 and Q1 2018, it paid a 60-cent quarterly dividend, opting to retain more of its cash flow. With the September 2018 payment, BP increased its quarterly dividend to $0.6150 and has continued that right into 2019. In the past I have given InvestorPlace readers five reasons to own BP stock. Included in the mix was the company's projection that its free cash flow would grow from $1.8 billion to $24 billion by 2021. That projection was based on a $55 barrel of oil. In fiscal 2018, BP finished the year with $7.8 billion in free cash flow. It now expects to generate between $14-15 billion in free cash flow by 2021, down from its earlier projections, but much higher than where it was in fiscal 2016. It expects to achieve its free cash flow projection for 2021 by adding approximately 900,000 barrels of oil equivalent per day with many of the 16 projects required to add this capacity already underway. Icahn Enterprises (IEP)Love him or hate him, Carl Icahn sure knows how to make money for his investors, and Icahn Enterprises (NYSE:IEP) is next on our list of high-yield dividend stocks.Source: Steve Pisano via FlickrOver the past 15 years, IEP's annualized total return was 14.8% with approximately 43% of those gains from dividends. Currently yielding just under 11%, IEP increased its quarterly distribution to $2 a share.In 2018, Icahn's investment fund made 7.8% on the year, when most hedge funds lost money and the S&P 500 was also down. Although Icahn is in his 80s, he's still able to jump on the latest trends. * 10 Stocks to Buy on the Trade War Dip He might appear grumpy at times, but who cares when he delivers for shareholders. Brookfield Property Partners (BPY)Brookfield Property Partners (NASDAQ:BPY) invests in real estate. Whether we're talking office, retail, multi-family residential, self-storage, student housing, you name it, if there's money to be made, BPY is in the mix.Source: Shutterstock BPY acquired a 100% leasehold interest in 666 Fifth Avenue in New York in August 2018. The property, bought at the height of the real estate market, was Jared Kushner's money pit. He paid $1.8 billion for it. BPY took it off his hands for $1.3 billion. It plans to redevelop the building to bring up the rents and then hang on to it until the property is worth significantly more than the price Brookfield paid for it. Over the last five years, this high-yield dividend stock has completely reshaped its business, taking five publicly traded companies private, a move that kept a lid on its share price. As a result, the company's board's approved a $500 million substantial issuer bid to buy back its shares at prices between $19 and $21.AThe company offers a current yield of 6.9%. BPY is also affiliated with Brookfield Asset Management (NYSE:BAM), which owns 52% of the company. You could do a lot worse when it comes to high-yield dividend stocks. Cedar Fair (FUN)Who can resist a stock with the symbol FUN? Cedar Fair (NYSE:FUN) has been providing fun for kids and adults alike since 1870. Source: Jeremy Thompson via Flickr (Modified)It hasn't been a public company for 148 years, though. It went public in 1987. And a $10,000 investment in its IPO would be worth approximately $875,000 today. Its first park was in Sandusky, Ohio. Since then it's added ten additional amusement parks, two outdoor water parks, one indoor water park, and four hotels. The entire system welcomes close to 26 million guests each year generating more than $1.3 billion in annual revenue. The average guest spends almost $48 visiting one of its amusement parks spread across North America. * 10 Cyclical Stocks to Buy (or Sell) Now Set up as a publicly traded partnership, Cedar Fair pays out most of its profits tax-free to its unitholders. Since going public, it's paid out more than $2.6 billion in distributions to unitholders.Cedar Fair might not grow its revenues by double digits but its current yield of 7.18% more than makes up for its lack of growth, making it one of the best high-yield dividend stocks to buy. BCE (BCE)BCE (NYSE:BCE) could best be described as a Canadian version of AT&T (NYSE:T).Source: BCE, Inc. Canada's largest communications company, BCE generates 53% of its annual revenue from its wireline business, which includes broadband, TV, and voice, 36% from wireless, and the remaining 11% from Bell Media. Its media business includes 30 TV stations, 30 specialty networks, four pay-TV channels, 109 radio stations, and more than 200 websites. BCE aims to pay out between 65%-75% of its free cash flow annually. In 2018, it paid out CAD$2.68 billion for dividends, 6.6% higher than a year earlier. It currently yields 5.18%, 140 basis points less than AT&T. However, its long-term debt is just CAD$19.8 billion, less than 10% of Randall Stephenson's baby.BCE continues to be a stock for widows and orphans -- in other words, one of the safest high-yield dividend stocks. Brookfield Renewable Partners (BEP)The second of two Brookfield picks, you might think I have a thing for the Brookfield group of companies; and, you'd be right. Brookfield Renewable Partners (NYSE:BEP) is the renewable energy arm of Brookfield Asset Management, who own 60% of the company. Source: Shutterstock Of the seven high-yield dividend stocks on this list, BEP has the most risk and reward of the bunch. On February 8, the company announced its Q4 results. On the top line, it had $3.0 billion in revenue, 13.6% higher than a year earlier. On the bottom line, it had $403 million in net income, almost eight times higher than in 2017. On a cash flow basis, its funds from operations (FFO) increased by 16.4% to $676 million. So, where's the risk, you might be asking? Well, renewable energy projects aren't cheap. * 10 Generation Z Stocks to Buy Long In 2018, Brookfield finished the year with $10.7 billion in corporate and non-recourse debt. That debt comes with $6.5 billion in interest payments over the life of the obligations, 61% of which is due within five years.That said, all Brookfield companies bring to the table a level of conservatism to their investment practices, ensuring that your 5.53% dividend is most certainly money in the bank. Ford (F)Ford (NYSE:F) is currently yielding 6.3%, a mouth-watering number for any dividend investor. However, as anyone who follows the car company, an investment in the Detroit-based business comes with more than its fair share of risk.One of the risks is the company's CEO, Jim Hackett. I'm sure he's a fine man, but I've said many times in the past that he's the wrong person for the job.I argue that someone along the lines of General Motors' (NYSE:GM) CEO Mary Barra is what is needed to revive Ford glory. Ford Executive Chairman Bill Ford feels I'm 100% wrong about Hackett."I think the ability to hold the now, the near and the far all together at one time is something you don't always see in executives. And Jim (Hackett) has that," Ford told Reuters on the sidelines of the CERAWeek energy conference in Houston. "We're changing a lot. And change is difficult."It sure is. That said, I do believe if you're going to buy a stock under $10, Ford is the one to buy because it's not going out of business anytime soon despite the lack of innovation. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own The post 7 Winning High-Yield Dividend Stocks With Payouts Over 5% appeared first on InvestorPlace.

  • Brookfield Property Partners LP (BPY) Q2 2019 Earnings Call Transcript
    Motley Fool

    Brookfield Property Partners LP (BPY) Q2 2019 Earnings Call Transcript

    BPY earnings call for the period ending June 30, 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of BPY earnings conference call or presentation 2-Aug-19 3:00pm GMT

    Q2 2019 Brookfield Property Partners LP Earnings Call

  • GlobeNewswire

    Brookfield Property Partners Reports Second Quarter 2019 Results

    All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Aug. 02, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPR; TSX: BPY.UN).

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    Motley Fool

    The 10 Biggest MLP Stocks

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  • GlobeNewswire

    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.

  • Moody's

    BB-UBS Trust 2012-SHOW -- Moody's affirms seven CMBS classes of BB-UBS 2012-SHOW

    For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

  • TheStreet.com

    Green Growth to Open More Than 70 CBD Shops at Brookfield Properties Malls

    The Toronto-based company said it will have roughly 280 locations by the end of the year. Currently, there are seven GGB shops within the Brookfield Properties' portfolio. "Brookfield Properties operates some of the most exciting and visited malls in the country, and we are thrilled to introduce our CBD shops to their centers," Peter Horvath, CEO of Green Growth Brands, said in a statement.

  • Moody's

    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, June 10, 2019 -- 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. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Is Brookfield Property Partners a Buy?
    Motley Fool

    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.