85% of properties are trophy office buildings and class 'A' and 'B' malls, which are challenged. It trades at a very big discount to asset value. You are better off owning BAM.A-T.
Anything with this brand name is generally good. They have a strong capital structure and management is aligned with unit holders. They just had a positive bump on their share value as they replaced Encana in the Index. They own office, retail, enclosed malls (the premiere assets in the US). He thinks there assets are undervalued right now, he believes. Trading at 18 times AFFO, it is cheap compared to its peers.
Anything with this brand name is generally good. They have a strong capital structure and management is aligned with unit holders. They just had a positive bump on their share value as they replaced Encana in the Index. They own office, retail, enclosed malls (the premiere assets in the US). He thinks there assets are undervalued right now, he believes. Trading at 18 times AFFO, it is cheap compared to its peers.
No question this is deep value. Their NAV is likely $27-28US (for the US BPY stock). But it'd been deep value for many years, and he doesn't see a catalyst to service that value. Some shareholders have lost patience. They're challenged because they own a lot of high-end malls. Some questioned them buying GGP Inc. last year. They have office buildings in New York and London, decent assets. Not great governance, a given Bermuda limited partnership. Buy BAM instead, which owns BPY. Nice dividend, but this is likely a value trap.
No question this is deep value. Their NAV is likely $27-28US (for the US BPY stock). But it'd been deep value for many years, and he doesn't see a catalyst to service that value. Some shareholders have lost patience. They're challenged because they own a lot of high-end malls. Some questioned them buying GGP Inc. last year. They have office buildings in New York and London, decent assets. Not great governance, a given Bermuda limited partnership. Buy BAM instead, which owns BPY. Nice dividend, but this is likely a value trap.
He prefers owning the parent, BAM. BPY owns US malls and New York City offices, both high quality assets. But at this stage of the cycle, those properties will demand a lot of capex. A few years ago, BPY bought a bunch of malls from GGP and will make a lot of money of them down the line, but not immediately.
He prefers owning the parent, BAM. BPY owns US malls and New York City offices, both high quality assets. But at this stage of the cycle, those properties will demand a lot of capex. A few years ago, BPY bought a bunch of malls from GGP and will make a lot of money of them down the line, but not immediately.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 29
Neutral - Hold Signals / Votes : 6
Bearish - Sell Signals / Votes : 10
Total Signals / Votes : 45
Brookfield Property Partners is a Canadian stock, trading under the symbol BPY.UN-T on the Toronto Stock Exchange (BPY-UN-CT). It is usually referred to as TSX:BPY.UN or BPY.UN-T
In the last year, 45 stock analysts published opinions about BPY.UN-T. 29 analysts recommended to BUY the stock. 10 analysts recommended to SELL the stock. The latest stock analyst recommendation is SELL. Read the latest stock experts' ratings for Brookfield Property Partners.
Brookfield Property Partners was recommended as a Top Pick by Andrew Moffs on 2020-03-05. Read the latest stock experts ratings for Brookfield Property Partners.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
45 stock analysts on Stockchase covered Brookfield Property Partners In the last year. It is a trending stock that is worth watching.
On 2020-04-03, Brookfield Property Partners (BPY.UN-T) stock closed at a price of $10.33.
85% of properties are trophy office buildings and class 'A' and 'B' malls, which are challenged. It trades at a very big discount to asset value. You are better off owning BAM.A-T.