Topic: How To Invest

Q: Hello, Pat: Do you have an opinion on Brookfield Property Partners LP?

Article Excerpt

A: Brookfield Property Partners LP, $26.49, symbol BPY.UN on Toronto (Units outstanding: 687.5 million; Market cap: $18.2 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: 146 office properties totalling over 100 million square feet, mainly in leading commercial markets such as New York, London, Los Angeles, Washington, D.C., Sydney, Toronto, and Berlin 126 regional malls and urban retail properties in the U.S. and Brazil, containing over 123 million square feet. The company mainly holds its retail properties through its 29% interest in General Growth Properties, Inc. Roughly 47 million square feet of industrial space across 183 properties, mainly consisting of warehouses in North America and Europe About 27,700 multi-family units across 89 properties in the U.S. and Canada 203 self-storage facilities comprising 15…