Topic: How To Invest

Q: Dear Pat: We hold Brookfield Property Partners LP in our portfolio. We like the dividend but we wonder about the company’s overall outlook. Thanks.

Article Excerpt

A: Brookfield Property Partners LP, $30.44, symbol BPY.UN on Toronto (Units outstanding: 262.0 million; Market cap: $21.6 billion; www.brookfieldpropertypartners.com), owns, operates and invests in commercial real estate worldwide. Brookfield Asset Management (symbol BAM.A on Toronto) first sold shares of Brookfield Property Partners to the public in April 2013. The former parent still holds 69% of the company. The portfolio for Brookfield Property Partners includes: 142 office properties totalling over 99 million square feet, mainly in leading commercial markets such as New York, London, Los Angeles, Washington, D.C., Sydney, Toronto, Houston, Calgary and Perth, Australia; 127 regional malls and standalone stores in the U.S. and Brazil containing 125 million square feet. The company mainly holds its retail properties through its 29% interest in General Growth Properties, Inc. and its 33% stake in Rouse Properties, Inc.; Roughly 45 million square feet of industrial space across 182 properties, mainly consisting of warehouses in North America and Europe, with an additional 7 million square feet under construction; About 30,300 multi-family…