Q: Pat: I have read a number of articles on Brookfield Property, and analysts seem very positive. What is your opinion of BPY.UN and what is your top REIT recommendation?
A: Brookfield Property Partners LP, $26.19, symbol BPY.UN on Toronto (Units outstanding: 407.4 million; Market cap: $10.7 billion; www.brookfieldproperties.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 a 53% stake.
The portfolio for Brookfield Property Partners includes:
150 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, and Berlin
125 regional malls and urban retail properties in the U.S. and Brazil, containing over 122 million square feet. The company mainly holds its retail properties through its 34% interest in General Growth Properties, Inc.
Roughly 39 million square feet of industrial space across 122 properties, mainly consisting of warehouses in North America and Europe
About 25,350 multi-family units across 84 properties in the U.S. and Canada
90 self-storage facilities comprising 7.2 million…
Privacy Policy and Terms of Use
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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