BPY - Brookfield Property Partners L.P.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
11.10
+0.13 (+1.19%)
At close: 4:00PM EDT
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Previous close10.97
Open10.95
Bid11.02 x 1400
Ask11.17 x 2900
Day's range10.95 - 11.25
52-week range7.10 - 20.58
Volume1,683,749
Avg. volume2,852,111
Market cap10.32B
Beta (5Y monthly)1.52
PE ratio (TTM)10.38
EPS (TTM)1.07
Earnings date30 Oct 2019 - 04 Nov 2019
Forward dividend & yield1.33 (12.12%)
Ex-dividend date28 May 2020
1y target est15.21
  • Why Brookfield Property Partners Units Rocketed 12% at the Open On July 2
    Motley Fool

    Why Brookfield Property Partners Units Rocketed 12% at the Open On July 2

    Brookfield Property Partners' parent came forward with a "deal" for unit holders, and the price took off accordingly.

  • J.C. Penney's Landlords May Be Buying the Retailer to Keep It Afloat
    Motley Fool

    J.C. Penney's Landlords May Be Buying the Retailer to Keep It Afloat

    According to sources said to have direct information, J.C. Penney (NYSE: JCP) may be currently working out a deal to be bought out by its own landlords, Brookfield Property Partners (NASDAQ: BPY) and Simon Property Group (NYSE: SPG). A third company, privately held Authentic Brands Group, LLC, is apparently in alliance with the retailer's landlords to work out an acquisition deal. J.C. Penney recently declared Chapter 11 bankruptcy after store closures from the COVID-19 pandemic sent its already struggling operations into a tailspin.

  • Bloomberg

    Mall Landlords, Authentic Brands in Talks to Buy J.C. Penney

    (Bloomberg) -- The two largest mall landlords and Authentic Brands Group LLC are in talks to buy bankrupt department-store chain J.C. Penney Co., according to people familiar with the matter.Authentic Brands may team up with Simon Property Group Inc. and Brookfield Property Partners LP to acquire the retailer as part of its court reorganization, said the people, who asked not to be identified because the talks are private. The discussions are still fluid and may ultimately end without a deal.J.C. Penney, which filed for Chapter 11 protection in May, has been racing to firm up a business plan by a July 14 deadline, after which the company risks running out of cash to finance its reorganization and emerge from bankruptcy court. The company’s proposed exit plan involves creating two new publicly traded entities, including a real estate investment trust that would hold some of the retailer’s property.For the landlords, buying J.C. Penney would ensure the survival of one of their most ubiquitous tenants amid a wave of retail distress that has seen thousands of stores close permanently. That’s in addition to the pandemic lockdown that shuttered most retailers for months nationwide.Authentic teamed up with Simon and Brookfield to buy teen clothing chain Forever 21 out of bankruptcy earlier this year. And Authentic and Simon are also in discussions with Brooks Brothers Inc. on a joint bid that would be part of a potential bankruptcy filing by that clothing retailer, Bloomberg News reported last week.Brookfield, the second-largest U.S. mall operator after Simon, in May announced the creation of a $5 billion fund to buy stakes in retailers.Authentic also owns Aeropostale after teaming up with the mall landlords to buy that brand out of bankruptcy in 2016. Its growing portfolio could be a boon to J.C. Penney if licensed product from those retailers were added to the department store’s lineup.Private equity firm Sycamore Partners has also held preliminary talks to buy J.C. Penney, weighing an acquisition outright or making an investment in the retailer, Reuters reported earlier this month.J.C. Penney’s remaining value includes its owned real estate and intellectual property from its private brands, according to David Silverman, a retail analyst at Fitch Ratings.“The different companies that are potentially looking into J.C. Penney have different capabilities and options given the real estate that J.C. Penney has and the suitors’ potential use with it,” Silverman said.(Adds context on company’s reorganization plan in third paragraph and commentary from an analyst in the last paragraph. A prior version of this story corrected timing of Brookfield fund announcement in the sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Brookfield Property Jumped 10% on May 26
    Motley Fool

    Why Brookfield Property Jumped 10% on May 26

    Investors are getting more excited about the future of malls, which helped push Brookfield Property higher. Here's what's going on.

  • Investing.com

    Canaccord Genuity Sticks to Their Hold Rating for Brookfield Property Partners

    Canaccord Genuity analyst Mark Rothschild maintained a Hold rating on Brookfield Property Partners (NASDAQ:BPY) on Monday, setting a price target of $12, which is approximately 27.80% above the present share price of $9.39.

  • Forever 21 snapped up by mall owners, Authentic Brands
    Reuters

    Forever 21 snapped up by mall owners, Authentic Brands

    Brand management company Authentic Brands said on Wednesday it and mall owner Simon Property would own 37.5% each of the retailer, while Brookfield Property would buy 25% of the intellectual property and operating businesses. Financial terms of the deal were not disclosed. Forever 21, which has 593 stores in 57 countries, will continue to operate in U.S. and international markets, Authentic Brands said.

  • Target, Walmart rejoice — Holiday spending is expected to rise nearly 5% this year
    Yahoo Finance

    Target, Walmart rejoice — Holiday spending is expected to rise nearly 5% this year

    Holiday spending is expected to rise 4.9% this year, a new forecast says.

  • Can Zero-Inventory Stores Prevent Brick-and-Mortar Closures?
    Zacks

    Can Zero-Inventory Stores Prevent Brick-and-Mortar Closures?

    Piling inventory is a liability for brick-and-mortar retailers; will zero-inventory showrooms offer new life to legacy stores?

  • How Brookfield's Acquisition of GGP Looks One Year Later
    Motley Fool

    How Brookfield's Acquisition of GGP Looks One Year Later

    Brookfield Property's buyout of the REIT was complicated and bold. A year later, other economic headwinds have kept the company from benefiting.

  • Motley Fool

    Sears Is Closing a Bunch of Stores (Again)

    Sears' post-bankruptcy turnaround effort seems to be failing already.

  • Brookfield Property Partners LP (BPY) Q2 2019 Earnings Call Transcript
    Motley Fool

    Brookfield Property Partners LP (BPY) Q2 2019 Earnings Call Transcript

    BPY earnings call for the period ending June 30, 2019.

  • The 10 Biggest MLP Stocks
    Motley Fool

    The 10 Biggest MLP Stocks

    Let's look at the stock market's largest master limited partnerships.

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