BPY.UN-T
Re the recent offer. Don't take the preferred share option. Taking some cash and some portion of BAM makes some sense. He finds it all expensive, but the franchise continues to grow. If you just want yield, look for other alternatives. If you want to participate in the recovery, do this through the parent, BAM.
Re the recent offer. Don't take the preferred share option. Taking some cash and some portion of BAM makes some sense. He finds it all expensive, but the franchise continues to grow. If you just want yield, look for other alternatives. If you want to participate in the recovery, do this through the parent, BAM.
BAM has been a saviour with its takeover offer. For REITs, he zeros in on two areas: multi-residential and industrial. Look at IIP.UN. It's a pretty good place to park capital for the long term. Industrial REITs are still attractive, even with their bounce off the lows.
Not just retail, there are offices and industrial. But it's getting tarred with the retail brush. BAM feels assets are mispriced. Bid may be sweetened. He's prepared to let go whatever the eventual offer price. Very unlikely to be another outside offer.
Not just retail, there are offices and industrial. But it's getting tarred with the retail brush. BAM feels assets are mispriced. Bid may be sweetened. He's prepared to let go whatever the eventual offer price. Very unlikely to be another outside offer.
Subject of a takeover by parent. Do you wait for a better offer, or sell now? He'd sell. You could switch to BAM. Thinks highly of WPT Industrial REIT, which has more upside than BAM.
Subject of a takeover by parent. Do you wait for a better offer, or sell now? He'd sell. You could switch to BAM. Thinks highly of WPT Industrial REIT, which has more upside than BAM.
Brookfield buying BPY He expects BAM to take it over and it's a good thing to keep BPY within Brookfield/BAM. The deal is accretive for BAM which he really likes. About BPY, you don't want to own these assets (offices, large retail) during this pandemic. Better to own apartments and industrials. BAM fell 5% on news of the takeover, but investors don't understand how accretive this deal is. BAM is a fantastic asset allocator; he wouldn't bet against them.
Brookfield buying BPY He expects BAM to take it over and it's a good thing to keep BPY within Brookfield/BAM. The deal is accretive for BAM which he really likes. About BPY, you don't want to own these assets (offices, large retail) during this pandemic. Better to own apartments and industrials. BAM fell 5% on news of the takeover, but investors don't understand how accretive this deal is. BAM is a fantastic asset allocator; he wouldn't bet against them.
The 3 different Brookfield offer is destined to appeal to different segments of investors and the reason they own it. For opportunistic traders, there is the cash buyout. For long investors, they are offering BAM.A shares. For income investors, they are offering preferred shares that still offers some dividends, although it is not as high as BPY paid. The best option depends on who you are.
The 3 different Brookfield offer is destined to appeal to different segments of investors and the reason they own it. For opportunistic traders, there is the cash buyout. For long investors, they are offering BAM.A shares. For income investors, they are offering preferred shares that still offers some dividends, although it is not as high as BPY paid. The best option depends on who you are.
Shares were undervalued. Skepticism because they have significant real estate exposure. The offer to go private will probably be supported by a majority of shareholders who want the cash. The smarter choice would be to accept the share exchange for BAM shares. Sit tight, as the offer might be sweetened.
Shares were undervalued. Skepticism because they have significant real estate exposure. The offer to go private will probably be supported by a majority of shareholders who want the cash. The smarter choice would be to accept the share exchange for BAM shares. Sit tight, as the offer might be sweetened.
You could own it if you want direct property exposure. She owns BAM instead, which owns 50-60% of BPY, as she likes the whole stable. Dividend should be safe. Going through a difficult time with retail. Will take a while to work through, but they'll do it. Commercial and retail properties are Class A, well located. Experienced management.
You could own it if you want direct property exposure. She owns BAM instead, which owns 50-60% of BPY, as she likes the whole stable. Dividend should be safe. Going through a difficult time with retail. Will take a while to work through, but they'll do it. Commercial and retail properties are Class A, well located. Experienced management.
40% of their holdings are malls, which he avoids. Another 40% are in trophy office buildings globally. Both sectors are challenged with limited rent collection rates. The remaining 15% of their business is in opportunistic investing, of which they've done a great job here. Brookfield owns BPY, so the parent company can buy stock if BPY gets into trouble (when the share price falls). RBA just downgraded BPY, which he agrees with. More downside than upside here. Take profits. You can re-enter if Brookfield steps in later.
40% of their holdings are malls, which he avoids. Another 40% are in trophy office buildings globally. Both sectors are challenged with limited rent collection rates. The remaining 15% of their business is in opportunistic investing, of which they've done a great job here. Brookfield owns BPY, so the parent company can buy stock if BPY gets into trouble (when the share price falls). RBA just downgraded BPY, which he agrees with. More downside than upside here. Take profits. You can re-enter if Brookfield steps in later.
Controlled by BAM, a great management team. BPY is a diversified REIT, mixing trophy office buildings, class-A regional, and opportunistic investments. Mall side suffers from unstable cash flow; rent collections are 20-40% and nowhere near where they should be. As we enter a second wave, this will be challenged in the retail side. On the office side, there are many question marks; BPY is exposed to Toronto, New York and London. The future value may not be as big as investors expect. He avoids this.
Controlled by BAM, a great management team. BPY is a diversified REIT, mixing trophy office buildings, class-A regional, and opportunistic investments. Mall side suffers from unstable cash flow; rent collections are 20-40% and nowhere near where they should be. As we enter a second wave, this will be challenged in the retail side. On the office side, there are many question marks; BPY is exposed to Toronto, New York and London. The future value may not be as big as investors expect. He avoids this.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 8
Bearish - Sell Signals / Votes : 9
Total Signals / Votes : 23
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, 23 stock analysts published opinions about BPY.UN-T. 6 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Brookfield Property Partners.
Brookfield Property Partners was recommended as a Top Pick by Darren Sissons on 2021-03-03. 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.
23 stock analysts on Stockchase covered Brookfield Property Partners In the last year. It is a trending stock that is worth watching.
On 2021-03-05, Brookfield Property Partners (BPY.UN-T) stock closed at a price of $21.93.
