Brookfield Property Partners (BPY.UN.TO)

They have geographic diversification internationally. They trade at a significant discount to NAV. There is a lot of appreciation potential in other markets internationally. If they are successful in reaching their target the NAV should increase by 25% over the next couple of years.

This gives you New York and LA office. They have just done some really interesting deals in Australia, hotel type of vehicles in England, Canary Wharf, etc. A global portfolio that gives you lots of opportunity. It’s cheap and over levered. They will be buying back stock when they can. World-class properties and world-class markets. Buy on dips.

A big international commercial property company. They have lots of good commercial properties in Toronto, but are really big in New York and Australia. 4.7% dividend yield.

The property arm of Brookfield. He has a good sized stake. It is a good way to play US Real Estate and they have a global portfolio of Real Estate. New York, London, etc. They are overpaying on their distribution and have debt, but they are catching up with growth.

(Top Pick Nov 13/14, Up 18.49%) He would buy on pullbacks. There will be continued volatility for the next month.

(Market Call Minute.) Has done very well. Sees about $3-$4 of upside, representing a discount to NAV. A good option for Canadian investors that want a globally diversified commercial real estate portfolio.

(A Top Pick Dec 5/14. Up 21.26%.) A good way to get into international real estate. Excellent operators. He worries a little bit about what they might have in Brazil, but they are big in North America and Australia. Good operators.

He does not have a degree of comfort that he can see the cash flow going forward or the value of the properties.

(A Top Pick April 30/14. Up 45.82%.) This has done extremely well. They have quality properties in the US office properties. Have done a very good deal to effectively jointly control Canary Wharf in the UK. Still selling at a very large discount to its NAV, so there is good upside. There is potential for good organic growth over the next 3 years. They have a dividend increase target of 5%-8%, which is fully achievable. Now is a good time to be adding to this.

Has a huge exposure to the US, including a lot of the big office towers in major US cities. Also, have about 33% interest in general growth properties that they acquired in the financial crisis, when general growth couldn’t access the debt market. Dividend yield of 4.9%. A global company.

This is Brookfield’s (BAM-N) main vehicle for real estate. Has been very acquisitive as they have been joining in on different BAM funds, that has taken him into a couple of real estate deals that rated some questions in the marketplace, and caused a decline in the stock price. Doing significant share buybacks, as they are trading at a very large discount to NAV. Thinks there is good value here. You are getting a good yield for the quality of properties.

Owning blue-chip commercial properties globally is a great business. Trades at a meaningful discount to its NAV, which the company thinks is crazy and they are planning on buying back about 5% of their stock. Thinks they can grow their FFO 15%-20% over the next couple of years.

They report in US dollars so look at the chart in US dollars. They have continued their acquisition strategy, but the deals have not been as attractive. He continues to like it. He is cautious, however.

(Top Pick Jun 13/14, Up 28.52%) More people started looking into the value of it. They have a lot of properties around New York City. He is looking at trimming this one soon as there is more of an understanding of it now by the market.

It is a good way to get geographic diversification into US office properties. They pay fees to their parent company, like an MER. She invests in the parent as well.