Brookfield Property Partners
BPY.UN-T
147 watching
About Brookfield Property Partners (BPY.UN-T)
0
0
0
0
0
Your Reaction
In isolation BPY.UN-T is a great name. It trades at a large discount to NAV and pays a yield of 6%. He looks at other real estate stocks and he would favour owning the parent BAM-N. He prefers the parent as they collect fees from all the other entities. Now is a good time to own BPY.UN-T due to the discount to NAV and this lower interest rate environment. He would be cautious that they do hold a lot of retail shopping centres, which may require capital investment in the future.
In isolation BPY.UN-T is a great name. It trades at a large discount to NAV and pays a yield of 6%. He looks at other real estate stocks and he would favour owning the parent BAM-N. He prefers the parent as they collect fees from all the other entities. Now is a good time to own BPY.UN-T due to the discount to NAV and this lower interest rate environment. He would be cautious that they do hold a lot of retail shopping centres, which may require capital investment in the future.
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.
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.
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.
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.
Comments
00000
Which Brookfield stock to buy? BIP.UN-T this morning announced it raised $350 million of which BAM.A-T invested $250 million. But BPY is the cheapest Brookfield stock and pays over a 6% dividend. BB.UN-T is a hold.