Brookfield Property Partners | StockChase
87
Brookfield Property Partners (BPY.UN-T)

Last Price Recorded: $27.7200 on 2017-12-15

ON STOCKCHASE SINCE May 2013

REAL ESTATE
87
Brookfield Property Partners (BPY.UN-T)

Last Price Recorded: $27.7200 on 2017-12-15

ON STOCKCHASE SINCE May 2013


Brookfield Property Partners


Signal Opinion Expert
COMMENT

Prefers the parent, Brookfield Asset Management, which is where she has her exposure. It gives you a more diversified holding. Management has a long-term view on malls and retail. High quality malls will always have a place. This would be a good long-term investment.

REAL ESTATE

Prefers the parent, Brookfield Asset Management, which is where she has her exposure. It gives you a more diversified holding. Management has a long-term view on malls and retail. High quality malls will always have a place. This would be a good long-term investment.

REAL ESTATE
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$27.690
Owned Owned
No

COMMENT

He owns and prefers the parent, Brookfield Asset Management. We are seeing a lot more movement from the company on an international basis, which he finds interesting. Also, the whole Brookfield family is more involved in India with about a 7%-8% exposure. 5.5% dividend yield.

REAL ESTATE

He owns and prefers the parent, Brookfield Asset Management. We are seeing a lot more movement from the company on an international basis, which he finds interesting. Also, the whole Brookfield family is more involved in India with about a 7%-8% exposure. 5.5% dividend yield.

REAL ESTATE
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$27.200
Owned Owned
No

COMMENT

Has had some pretty big swings over the last few years. Currently it’s trying to migrate down to around the $27.10 level. If it broke there, it is probably going to touch the lows of around $26. If it got down there, this is one he would want to acquire at those levels.

REAL ESTATE

Has had some pretty big swings over the last few years. Currently it’s trying to migrate down to around the $27.10 level. If it broke there, it is probably going to touch the lows of around $26. If it got down there, this is one he would want to acquire at those levels.

REAL ESTATE
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$27.600
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Feb 8/17. Up 4%.) The thesis is the same, trading at a 20% discount to NAV, so there is a value, but rates have gone up in Canada. If we hadn't had those 2 rate hikes this year, the stock would be higher.

REAL ESTATE

(A Top Pick Feb 8/17. Up 4%.) The thesis is the same, trading at a 20% discount to NAV, so there is a value, but rates have gone up in Canada. If we hadn't had those 2 rate hikes this year, the stock would be higher.

REAL ESTATE
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$30.060
Owned Owned
Yes

COMMENT

A dividend yield of 4.9%, which is quite juicy, considering it is trading on the Canadian market which gives you a dividend tax credit as well. You are going to have to stomach some volatility, because it will be interest sensitive as rates start to rise.

REAL ESTATE

A dividend yield of 4.9%, which is quite juicy, considering it is trading on the Canadian market which gives you a dividend tax credit as well. You are going to have to stomach some volatility, because it will be interest sensitive as rates start to rise.

REAL ESTATE
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$29.910
Owned Owned
Unknown

PARTIAL BUY

It is probably one of the larger weights in his REIT portfolios.  It trades at a 25% discount to NAV.  You get a lot of exposure to diversity in businesses.  Private equity operators see potential for redevelopment of struggling malls in the future.  He would nibble at it here.

REAL ESTATE

It is probably one of the larger weights in his REIT portfolios.  It trades at a 25% discount to NAV.  You get a lot of exposure to diversity in businesses.  Private equity operators see potential for redevelopment of struggling malls in the future.  He would nibble at it here.

REAL ESTATE
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$30.090
Owned Owned
Yes

PAST TOP PICK

(A Top Pick April 14/16. Up 1.9%.) Sold this in July, mainly because of BREXIT. They have significant office holdings in the Canary Wharf area.

REAL ESTATE

(A Top Pick April 14/16. Up 1.9%.) Sold this in July, mainly because of BREXIT. They have significant office holdings in the Canary Wharf area.

REAL ESTATE
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$29.220
Owned Owned
No

COMMENT

This is pricey, trading at around 21X. Has about a 110% payout ratio, so distribution isn’t perfect. Q4 was a little light. However, he models very strong growth, 16% adjusted funds from operations growth 2016-2018. Trading at about 16% below his assumed NAV per unit. This is a name that you can be constructive on.

REAL ESTATE

This is pricey, trading at around 21X. Has about a 110% payout ratio, so distribution isn’t perfect. Q4 was a little light. However, he models very strong growth, 16% adjusted funds from operations growth 2016-2018. Trading at about 16% below his assumed NAV per unit. This is a name that you can be constructive on.

REAL ESTATE
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$31.060
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Feb 3/16. Up 13%.) A great company, and still cheap, trading at a significant discount. When you buy this, you are buying a collection of very high quality real estate assets around the world.

REAL ESTATE

(A Top Pick Feb 3/16. Up 13%.) A great company, and still cheap, trading at a significant discount. When you buy this, you are buying a collection of very high quality real estate assets around the world.

REAL ESTATE
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$30.670
Owned Owned
Yes

TOP PICK

Trading at a substantial discount to NAV. In the properties space, and it is difficult to evaluate all their properties, as values do change. They are getting some better lease rates on some of their properties and disposing of some of their non-core holdings and repositioning those. There is talk of changing to a US REIT which might be positive for them. Dividend yield of 5%, and he could see some growth on this, maybe 10%-12%.

REAL ESTATE

Trading at a substantial discount to NAV. In the properties space, and it is difficult to evaluate all their properties, as values do change. They are getting some better lease rates on some of their properties and disposing of some of their non-core holdings and repositioning those. There is talk of changing to a US REIT which might be positive for them. Dividend yield of 5%, and he could see some growth on this, maybe 10%-12%.

REAL ESTATE
Cole Kachur

Senior Wealth Advisor, ScotiaWealth Managem...

PricePrice
$30.150
Owned Owned
Yes

HOLD

These are mostly bought by people seeking dividends.  There is a lid about $32 and the lower level is about $26.

REAL ESTATE

These are mostly bought by people seeking dividends.  There is a lid about $32 and the lower level is about $26.

REAL ESTATE
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$29.790
Owned Owned
Unknown

BUY

Year-over-year sales is up 14% and earnings are expected to grow by 17% when the report in May. Year-over-year earnings are expected to grow 47% for 2017. This gives a PE of 24X and a PE to growth of .5. ROE is still pretty modest and is expected to be 3.3%, however free cash flow on a 4th quarter trailing basis is attractive at 7%. This looks like a pretty good opportunity to make some money. Dividend yield of 5.1%.

REAL ESTATE

Year-over-year sales is up 14% and earnings are expected to grow by 17% when the report in May. Year-over-year earnings are expected to grow 47% for 2017. This gives a PE of 24X and a PE to growth of .5. ROE is still pretty modest and is expected to be 3.3%, however free cash flow on a 4th quarter trailing basis is attractive at 7%. This looks like a pretty good opportunity to make some money. Dividend yield of 5.1%.

REAL ESTATE
Robert McWhirter

President, Selective Asset Mana...

PricePrice
$30.810
Owned Owned
No

TOP PICK

Brookfield Asset Management (BAM.A-T) owns 65% of this, and this is their public vehicle that holds all of their trophy properties around the world. If you want exposure to Europe, Australia, New York and Canada, this gives it to you. Trading at about a 25% discount to NAV. Dividend yield of 5.15%. (Analysts’ price target is $33.95.)

REAL ESTATE

Brookfield Asset Management (BAM.A-T) owns 65% of this, and this is their public vehicle that holds all of their trophy properties around the world. If you want exposure to Europe, Australia, New York and Canada, this gives it to you. Trading at about a 25% discount to NAV. Dividend yield of 5.15%. (Analysts’ price target is $33.95.)

REAL ESTATE
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$29.040
Owned Owned
Yes

COMMENT

If you have a long-term time horizon, this is doing very well. It continues to surprise on the upside. About 18% of its balance sheet as exposure to London, but they have hedged off most of the currency exposure. This is still a good place to be. Most of their exposure is in the New York office which is a great place to be.

REAL ESTATE

If you have a long-term time horizon, this is doing very well. It continues to surprise on the upside. About 18% of its balance sheet as exposure to London, but they have hedged off most of the currency exposure. This is still a good place to be. Most of their exposure is in the New York office which is a great place to be.

REAL ESTATE
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$29.040
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Dec 4/15. Up 4.6%.) Sold his holdings at $31 after he saw what was happening in the UK and with BREXIT. If it got down to around $27, he would have another hard look at this.

REAL ESTATE

(A Top Pick Dec 4/15. Up 4.6%.) Sold his holdings at $31 after he saw what was happening in the UK and with BREXIT. If it got down to around $27, he would have another hard look at this.

REAL ESTATE
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$29.040
Owned Owned
No

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