Brookfield Property Partners (BPY.UN.TO) Buy,…

Brookfield Property Partners (BPY.UN.TO)

23.29

-0.15 (0.64%)

as of Jul 26, 2021, 8:00:00 pm Market Open.

371 watching

WAIT

The pieces of BAM are less expensive and have more compounding power than owning BAM. Not a swinging deal right now. But this is a development company and gets a good rate of return. He's waiting to buy. Longer term, you could probably buy it today. If there's another inflation wave in the fall, that would be a good time.

HOLD

The yield is quite good and it gives exposure into hard assets in the real estate sector. Yield 7.1%

COMMENT

It ran into congestion last summer between $24-28, and is in the same range this year. $24 is key; if it falls below $24, it'll plunge to $20. If you want safety, look at the XRE-T instead.

TOP PICK

Extremely well managed. a conservative play with a nice yield of 6.9% and trading at 13 times earnings. Just added on Monday. Interest rates are not moving anywhere. Good growth prospects. (Analysts’ price target is $31.48)

BUY

He likes this name. A huge company with global diversification. They are in commercial, industrial properties. It is a safe investment. Yield is good and safe. Recently sold off, so now may be a good time to take a position.

TOP PICK

Owns some of best properties in the world. BAM owns over 50% of it, and they continue to buy more. Trading at 33% discount to NAV. Management team motivated to narrow the discount. Raised distribution every year since the IPO. Target distribution growth of 5-8%. Yield 7.2%. (Analysts’ price target is $31.47)

WAIT

Low volatile, dividend player that protects capital. Wait for it to get down to around $25. Will suffer in a higher interest rate environment. One of the more solid dividend payers. Dividend now is about 6.9%. (Analysts’ price target is $20.38)

BUY

You can play it in here. You want to see higher highs, and we're through all that. Now we're on the way to $30. (Analysts’ price target is $23.38)

BUY ON WEAKNESS

He doesn't own it. He likes it. Saw it recently. BAM is the intellectual acquiror. The problem is the valuation. They trade at 24 times AFFO. Buy on a dip. He thinks that interest rates are going to stay flattish here.

BUY

It's a had a good run. They have a little more debt than its peers, but they are generating enough cash flow to buy shares, so they're closing that valuation gap. BPY is global. It's undervalued vs. many REITs. It will hit $30.

HOLD

A top pick $4 or $5 ago. A levered balance sheet. A high pay out ratio. If you think that there is a recession coming, you don't want to own it. Still trading at a reasonable valuation. He models growth of 9%. You can get it probably at a lower level. A good long-term hold.

COMMENT

He would prefer to own the Asset Management group instead. You have to be cautious of the commercial properties coming on line. The yield is good, but he would look to other Brookfield holdings.

DON'T BUY

Is there capital growth? Pays a 6.2% yield at a 56% payout. Earnings are expected to grow 30% this year and 2% in 2020. Better stocks are elsewhere.

COMMENT

Anything with the Brookfield brand is a good investment. You have to decide what you are looking for. For BPY.UN-T, the yield is the best -- 4.5%. If you are looking growth, consider BAM-N. It has global reach and sees great deal flow. He is staying out of real estate at this point and owns none of the Brookfield names.

BUY

A good yield of 6.2%. Great managers. China's economic numbers are doing well. If Trump signs a trade deal, then world and emerging markets will pick up after being sluggish. BPY's prospects looks good and he expects a dividend increase.

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