Brookfield Property Partners (BPY)

A little overvalued. The last few months have been characterized by weakness, particularly in the commercial property stocks. Higher rates are going to hurt stocks to some degree, but with the economy continuing to be strong and infrastructure spending, that can only help.

They had an investor event in New York recently. They have exposure to Now York and London, England. 4.68% yield. They will keep buying back stock. Some rent increases they will be getting have not flowed through the numbers yet. They will increase free cash flow 15% for the next couple of years. He can compound his money here at 20% per year.

It is a yield play. The whole rate space in general, she thinks, is limited and she would be selling. She would not deploy the funds into the yield space.

If she wanted to get into this group, she would prefer to own the parent, Brookfield Asset Management (B AM.N) as she would expect there would be better growth as well as having a more diversified company.