Brookfield Property Partners L.P (BPYPP)

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About Brookfield Property Partners L.P

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the world’s premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing. Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with over $540 billion in assets under management. More information is available at www.brookfield.com. Address: 73 Front Street, Hamilton, Bermuda, HM 12

Brookfield Property Partners L.P News and around…

Latest news about Brookfield Property Partners L.P (BPYPP) common stock and company :

Were Hedge Funds Right About Brookfield Property Partners LP (BPY)?
27 Jul, 2021 Yahoo! Finance

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 866 world-class investment firms that we track and now have access to the collective wisdom contained in […]

Brookfield Asset Management Completes Privatization of Brookfield Property Partners
26 Jul, 2021 FinancialContent
Brookfield Property Partners Announces Results of Unitholder Elections in Privatization Transaction
23 Jul, 2021 Yahoo! Finance

All dollar references are in U.S. dollars, unless noted otherwise1 BROOKFIELD NEWS, July 23, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced the results of unitholder elections in Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (the “transaction”). Pursuant to the terms of the transaction and subject to pro-ration, BPY unitholders and holders of exchangeable limited partnership uni

S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite and S&P/TSX 60 Indices
21 Jul, 2021 Yahoo! Finance

The shareholders of Brookfield Asset Management Inc (TSX: BAM.A) and Brookfield Property Partners L.P. (TSX: BPY.UN) have agreed to the terms of the Arrangement Agreement resulting in the combination of the two companies. Each unit of Brookfield Property Partners L.P. will be exchanged for 0.4006 shares of Brookfield Asset Management or US$18.17 cash or 0.7268 New LP Preferred Units subject to proration. Unit holders who make no election will receive the default consideration of 50.4678% cash, 4

Brookfield Property Partners Obtains Final Court Approval for the Privatization Transaction and Brookfield Property REIT Announces Intention to Redeem Its 6.375% Series A Cumulative Redeemable Preferred Stock
20 Jul, 2021 Yahoo! Finance

BROOKFIELD NEWS, July 20, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“BAM”) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced that BPY has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement whereby BAM will acquire all of the limited partnership units of BPY (the “transaction”). BAM and BPY anticipate that the transaction will clos

Brookfield Property Partners Unitholders Approve Privatization Transaction
16 Jul, 2021 Yahoo! Finance

BROOKFIELD NEWS, July 16, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) announced today that it has received unitholder approval for Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (the “transaction”). Approval was given at a special meeting of BPY unitholders held on July 16, 2021 (the “Meeting”). At the Meeting, approximately 99.06% of the votes cast by all BPY unitholders, and 97.79% of votes

10 Best Dividend Stocks to Buy According to Billionaire Michael Price
08 Jul, 2021 Yahoo! Finance

In this article we will take a look at the 10 best dividend stocks to buy according to billionaire Michael Price. You can skip our detailed analysis of Price’s history, investment philosophy, and hedge fund performance, and go directly to 5 Best Dividend Stocks to Buy According to Billionaire Michael Price. Michael Price is the […]

Brookfield Property Partners Announces Mailing of Circular for Special Meeting of Unitholders to Consider Privatization Transaction and Provides Update to Transaction Consideration
17 Jun, 2021 Yahoo! Finance

BROOKFIELD NEWS, June 17, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (Nasdaq: BPY; TSX: BPY.UN) announced today the mailing of a management information circular (the “Circular”) and related meeting and proxy materials to unitholders in connection with the upcoming special meeting of unitholders. The meeting is called to consider Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (the “transaction”). In accordance with the terms o

Brookfield Property Partners Sets Record Date for Special Meeting of Unitholders to Consider Privatization Transaction
27 May, 2021 Yahoo! Finance

BROOKFIELD NEWS, May 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (Nasdaq: BPY; TSX: BPY.UN) announced today that the record date for its upcoming special meeting of unitholders to consider Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (“the transaction”) will be June 8, 2021. Only unitholders of record as of the close of business on the record date will be entitled to vote their units at the meeting. The special meeting is expected to take place on July 16, 2021. Holders of Class A stock of Brookfield Property REIT Inc. (Nasdaq: BPYU) (“BPYU shares”) and holders of exchangeable limited partnership units of Brookfield Office Property Exchange LP (“exchangeable units”) are not entitled to vote at the special meeting or exercise dissent rights with respect to the transaction. Any holders of BPYU shares or exchangeable units who wish to vote or exercise dissent rights must convert their securities into BPY units prior to the record date. Holders of BPYU shares must submit their shares for conversion by June 2, 2021 in order to receive their BPY units by close of business on the record date; instructions on how to do so can be found here. Holders of exchangeable units should contact their broker or AST Trust Company (Canada) at 877-715-0498 or inquiries@astfinancial.com. IMPORTANT INFORMATION AND WHERE TO FIND IT In connection with the transaction, BAM and BPY, together with certain subsidiaries of BPY (collectively, the “Registrants”) have filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form F-4 that includes a circular of BPY that also constitutes a prospectus of the Registrants. Each of BAM and BPY also plan to file other relevant documents with the SEC regarding the transaction. A final circular/prospectus will also be mailed to BPY unitholders, holders of BPYU shares and holders of exchangeable units. INVESTORS ARE URGED TO READ THE REGISTRATION STATEMENT, CIRCULAR/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. A free copy of the circular/prospectus, as well as other filings containing information about the Registrants, may be obtained at the SEC’s Internet site (http://www.sec.gov). You may also obtain these documents, free of charge, from BPY by accessing BPY’s website at bpy.brookfield.com or from BAM by accessing BAM’s website at bam.brookfield.com. Brookfield Property Partners Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the world’s premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, triple net lease, manufactured housing and student housing. Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with over $600 billion in assets under management. More information is available at www.brookfield.com. Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange. Brookfield Property REIT Inc. is listed on the Nasdaq Stock Market. Further information is available at bpy.brookfield.com. Brookfield Contact: Matt CherrySVP, Investor Relations(212) 417-7488matthew.cherry@brookfield.com FORWARD-LOOKING STATEMENTS This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. The word “will” and derivations thereof and other expressions that are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Forward-looking statements in this news release include statements with respect to the transaction and the special meeting of BPY unitholders. Although BAM and BPY believe that such forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information Except as required by law, BAM and BPY undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

Is Brookfield Property Partners (BPY) A Good Investment Choice?
17 May, 2021 Yahoo! Finance

Horos Asset Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 21.5% was delivered by the Horos Value Internacional Fund for the Q1 of 2021, outperforming the Index, which appreciated 8.9% for the same period. The Horos Value Iberia returned […]

Brookfield Property Partners Reports First Quarter 2021 Results
07 May, 2021 Yahoo! Finance

All dollar references are in U.S. dollars, unless noted otherwise.BROOKFIELD NEWS, May 07, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPYU; TSX: BPY.UN) (“BPY” or the "Partnership") today announced financial results for the quarter ended March 31, 2021. “While we continue to experience challenges in certain of our operations and markets due to the ongoing consequences of the pandemic and global economic slowdown, we remain encouraged by a recovery in activity in select sectors within our business,” said Brian Kingston, CEO of Brookfield Property Partners. Financial Results Net income for the quarter ended March 31, 2021 was $731 million or $0.25 per LP unit compared to a loss of $373 million or $(0.49) per LP unit for the same period in 2020. This quarter benefited from gains in our office portfolio and LP investments. Company FFO (CFFO) was $125 million for the quarter ended March 31, 2021, compared to $309 million in the prior-year period. The prior year period benefited from higher transaction income, and CFFO was largely impacted this quarter by residual effects of the economic slowdown on our retail and hospitality operations. Three months ended Mar. 31,(US$ Millions, except per unit amounts) 2021 2020 Net income (loss)(1) $731 $(373)Company FFO and realized gains(2) $311 $323 Company FFO(2) $125 $309 Net income (loss) per LP unit(3)(4) $0.25 $(0.49)Company FFO and realized gains per unit(4)(5) $0.32 $0.33 (1) Consolidated basis – includes amounts attributable to non-controlling interests.(2) See "Basis of Presentation" and “Reconciliation of Non-IFRS Measures” in this press release for the definition and components.(3) Represents basic net income attributable to holders of LP units. IFRS requires the inclusion of preferred shares that are mandatorily convertible into LP units at a price of $25.70 without an add-back to earnings of the associated carry on the preferred shares.(4) Net income attributable to holders of LP units and Company FFO and realized gains per unit are reduced by preferred dividends of $11 million (2020 – $9 million) for three months ended March 31, 2021, in determining per unit amounts.(5) Company FFO and realized gains per unit are calculated based on 935.7 million (2020 – 943.5 million) units outstanding for the three months ended March 31, 2021. Operating Highlights Our Core Office business generated CFFO of $140 million for the quarter ended March 31, 2021 compared to $135 million in the same period in 2020. Results this quarter benefited from incremental condominium sales income and lower interest expense, offset in part by lower parking revenue and portfolio occupancy. Core Office leasing activity in the first quarter totaled 894,000 square feet, which were completed at rents significantly higher than expiring leases in the period. Occupancy in the portfolio decreased 120 basis points to 88.8%, with a remaining weighted average lease term of 8.6 years. Our Core Retail business generated CFFO of $108 million for the quarter ended March 31, 2021 compared to $195 million in the comparable period in 2020. The prior year period benefited from $30 million in transaction income from the sale of investment positions, and results this quarter were impacted most notably by lower occupancy. Our Core Retail operations leased approximately 5.9 million square feet over the past 12 months with initial rents that were consistent with expiring rents. Our properties were 91.5% leased at March 31, 2021, a decrease of 100 basis points from the prior period. On a year-over-year basis, in-place rents were up 2.5%1. Our LP Investments generated CFFO and realized gains of $188 million for the quarter ended March 31, 2021, compared to earnings of $76 million in the comparable period in 2020. Results this quarter benefited from realized gains from the sale of mature and stable assets, as well as the disposition of a non-property investment position. CFFO was negatively impacted from continued pressure on our hospitality assets due to the global economic slowdown. Three months ended Mar. 31,(US$ Millions)2021 2020 Company FFO and realized gains: Core Office $140 $135 Core Retail$108 $195 LP Investments$188 $76 Corporate$(125) $(83)Company FFO and realized gains(1)$311 $323 (1) See "Basis of Presentation" and "Reconciliation of Non-IFRS Measures" below in this press release for the definitions and components. Dispositions In the first quarter, we completed $1.1 billion of gross asset dispositions at our share, at prices that were in aggregate significantly higher than our IFRS carrying values. These sales generated approximately $244 million in net proceeds to BPY. Dispositions completed in the first quarter include: Sold 50% interest in Bay Adelaide North office tower in Toronto for $581 million, generating net proceeds of $133 million to BPY.Monetized a portion of our Indian office portfolio via a Mumbai-listed IPO, resulting in a realized gain of $69 million to BPY.Sold interest in retailer Forever 21, resulting in a realized gain of $63 million to BPY.Completed the sale of our Northeast U.S. life sciences office portfolio at a gross sales price of $3.4 billion, generating approximately $100 million in net proceeds to BPY. Balance Sheet Update To increase liquidity and extend the maturity of our debt, during the first quarter we executed the following financing transactions: Refinanced ICD Brookfield Place office tower in Dubai for $626 million for a 7.5-year term at an interest rate of EIBOR +3.50%, generating net proceeds of $66 million to BPY.Refinanced One and Three Allen Center in Houston for $470 million for a 5-year term at an interest rate of LIBOR +2.97%.Refinanced Gas Company Tower in Los Angeles for $465 million for a 5-year term at an interest rate of LIBOR +3.07%.Refinanced Kenwood Towne Centre in Cincinnati, Ohio for $210 million for a 3-year term at an interest rate of LIBOR +3.40%.Subsequent to quarter-end, extended maturity on a $1.1 billion, 15-property Core Retail mortgage loan for an additional three-year term at an interest rate of LIBOR +3.25%. Ended the quarter with $5.3 billion of group-wide liquidity, including $1.5 billion of cash on hand, $2.1 billion of corporate and subsidiary credit facilities and $1.7 billion of undrawn construction facilities. Privatization Agreement from Brookfield Asset Management On April 1, 2021, Brookfield Asset Management ("BAM") and BPY announced an agreement for BAM to acquire 100% of the limited partnership units of BPY for a price for each unit of $18.17 in cash, 0.3979 of a BAM Class A Shares or 0.7268 of a BPY preferred unit, subject to pro-ration (or approximately $6.5 billion payable to the unitholders of BPY other than BAM and its affiliates). Assuming the acquisition is approved by BPY's minority unitholders and the other approvals and conditions are obtained and satisfied, we expect the transaction to close in the third quarter. Distribution Update Pursuant to the terms of the agreement governing the proposed transaction with BAM, holders of BPY units will not receive further quarterly distributions. The distribution reinvestment plan (the “DRIP”) of BPY will be terminated effective May 7, 2021. Each participant will receive a DRS statement for all BPY units held under the DRIP and a cash payment for any fractional unit based upon the closing price of the BPY units (in U.S. dollars) on the Nasdaq Stock Market on May 6, 2021. Participants seeking further information with respect to their entitlements under the DRIP may contact the plan agent under the DRIP, AST Trust Company (Canada). Participants who hold BPY units through a broker, investment dealer, financial institution or other intermediary should contact such intermediary for further information. The Board of Directors has declared quarterly distributions on the partnership’s Class A Series 1, Series 2 and Series 3 preferred units of $0.40625 per unit, $0.39844 per unit and $0.35938, respectively, payable on June 30, 2021 to holders of record at the close of business on June 1, 2021. ____________________________1 In-place rents reflect retail tenants

Brookfield Property Partners to Release First Quarter 2021 Financial Results on Friday, May 7, 2021
13 Apr, 2021 Yahoo! Finance

BROOKFIELD NEWS, April 13, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its first quarter 2021 financial results will be released before the market open on Friday, May 7, 2021. Due to the pending acquisition of all of the limited partnership units of BPY by Brookfield Asset Management as announced on April 1, 2021, the company will not be hosting a conference call this quarter nor will be providing a Supplemental Information package. The earnings news release will be available on the company’s website, bpy.brookfield.com, before the market open on May 7, 2021. Brookfield Property Partners Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the world’s premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, triple net lease, manufactured housing and student housing. Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with approximately $600 billion in assets under management. More information is available at www.brookfield.com. Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange. Brookfield Property REIT Inc. is listed on the Nasdaq Stock Market. Further information is available at bpy.brookfield.com. Brookfield Contact: Matt CherrySenior Vice President, Investor RelationsTel: (212) 417-7488 Email: matthew.cherry@brookfield.com

Brookfield Asset Management Inc. -- Moody's rates Brookfield Finance Inc.'s new backed senior unsecured notes Baa1
07 Apr, 2021 Yahoo! Finance

Rating Action: Moody's rates Brookfield Finance Inc.'s new backed senior unsecured notes Baa1Global Credit Research - 07 Apr 2021New York, April 07, 2021 -- Moody's Investors Service ("Moody's") assigned a Baa1 rating to Brookfield Finance Inc.'s ("BFI") new backed senior unsecured notes due 2031 (the "2031 Notes"), which the company is marketing today. The offering is a takedown from a multiple seniority shelf registration statement filed with the Securities Exchange Commission and dated 6 October 2020.BFI is a finance subsidiary of Brookfield Asset Management Inc. ("Brookfield" Baa1 stable). The 2031 Notes will rank equally with any backed unsecured, unsubordinated obligations of BFI, and they will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other amounts by Brookfield.

Brookfield Finance Inc. -- Moody's rates Brookfield Finance Inc.'s new backed senior unsecured notes Baa1
07 Apr, 2021 Yahoo! Finance

Rating Action: Moody's rates Brookfield Finance Inc.'s new backed senior unsecured notes Baa1Global Credit Research - 07 Apr 2021New York, April 07, 2021 -- Moody's Investors Service ("Moody's") assigned a Baa1 rating to Brookfield Finance Inc.'s ("BFI") new backed senior unsecured notes due 2031 (the "2031 Notes"), which the company is marketing today. The offering is a takedown from a multiple seniority shelf registration statement filed with the Securities Exchange Commission and dated 6 October 2020.BFI is a finance subsidiary of Brookfield Asset Management Inc. ("Brookfield" Baa1 stable). The 2031 Notes will rank equally with any backed unsecured, unsubordinated obligations of BFI, and they will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other amounts by Brookfield.

Brookfield Asset Management Formalizes Deal to Acquire Brookfield Property
05 Apr, 2021 Yahoo! Finance

Brookfield Asset Management (NYSE: BAM) has reached an agreement with Brookfield Property (NASDAQ: BPY) (NASDAQ: BPYU) to acquire the rest of the shares it doesn't currently own. Brookfield Asset will pay $18.17 per share, or $6.5 billion in total, to outside investors in its real estate affiliate. The agreed-upon price represents a 10% increase from Brookfield's initial offer earlier this year.

Brookfield’s $6.5 Billion Buyout Approved
01 Apr, 2021 Yahoo! Finance

Brookfield Asset Management is taking full control of its property arm with an eye toward selling at least some of the portfolio.

Brookfield Asset to buy remaining stake in troubled real estate unit
01 Apr, 2021 Yahoo! Finance

The deal price for Brookfield Property Partners LP, one of the largest U.S. commercial real estate companies, was raised from $5.9 billion the alternative-asset manager offered in January this year, a statement from the companies showed on Thursday. Brookfield already owned about two-thirds of the real estate firm's stock going into the deal, according to BPY's latest filings https://www.sec.gov/Archives/edgar/data/0001545772/000119312521001046/d56584dsc13da.htm. BPY's shares were hammered last year, falling about 21% as the COVID-19 pandemic hit the value of many of its properties as people shifted to remote working and kept away from malls and shopping centres.

Brookfield Asset Management Reaches Agreement with Brookfield Property Partners to Acquire 100% of BPY Units
01 Apr, 2021 Yahoo! Finance

---Aggregate consideration payable to the public of $6.5 billion---Unitholders can elect for each BPY unit $18.17 in cash, 0.3979 of a Brookfield Class A Share or 0.7268 of a BPY preferred unit, subject to pro-ration, for an aggregate consideration mix of approximately 50% cash, 42% Brookfield Class A Shares and 8% BPY preferred units---BPY’s Independent Directors Unanimously Approve Transaction All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, April 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (“BPY”) (NASDAQ: BPY; TSX: BPY.UN) announced today that they have reached agreement for Brookfield to acquire all of the limited partnership units of BPY (“BPY units”) at a value of $18.17 per BPY unit1 (the “Enhanced Offer”), to be completed by way of an Ontario court-approved plan of arrangement (“Arrangement”). This represents total consideration of $6.5 billion payable to the unitholders of BPY other than Brookfield and its affiliates (“public unitholders”). The Enhanced Offer represents an increase of 10%, including the appreciation in Brookfield Class A Shares, over the non-binding proposal made by Brookfield on January 4, 2021, a 26% premium to the undisturbed BPY unit price on December 31, 2020, and a 6% premium to the volume-weighted average price of BPY units on the Nasdaq since the announcement made January 4, 2021. The independent members of the BPY Board of Directors (“the Directors”) have unanimously approved the transaction and recommend that unitholders of BPY do the same. After consultation with independent financial and legal advisors, and upon the unanimous recommendation of a special committee of independent directors, the Directors have concluded that the offer is fair to the public unitholders and that the transactions contemplated in the Arrangement are in the best interests of BPY. Nick Goodman, CFO of Brookfield Asset Management, stated, “We are pleased to have reached agreement with BPY’s independent directors on a transaction we believe is appealing to BPY unitholders in many aspects and allows for greater optionality in how we manage our portfolio of high-quality real estate assets. Not only can unitholders choose to receive a meaningful portion of their consideration in cash at a significant premium, but they will also have the option to remain invested in the future upside of our real estate business and alternative asset management franchise.” Lazard Frères & Co. LLC (“Lazard”), acting as independent valuator and financial adviser to the special committee, has provided an opinion to the special committee that, as of March 31, 2021 and based upon their analysis and subject to various assumptions, qualifications and limitations to be set forth in its written valuation report, in addition to other factors that it considered relevant, the fair market value of a BPY unit was in the range of $14.00 to $18.50, implying a total enterprise value of $67.6 to $72.1 billion. Lazard has also provided an opinion to the special committee that, as of March 31, 2021 and based upon their analysis and subject to various assumptions, qualifications and limitations to be set forth in its written fairness opinion letter, in addition to other factors that it considered relevant, the consideration being offered to public unitholders under the Arrangement was fair, from a financial point of view, to such public unitholders. Copies of the Lazard valuation report and fairness opinion, and the factors considered by the special committee and the Directors as well as other relevant background information will be included in the management information circular that will be sent to BPY unitholders in advance of the special meeting to be called to consider the Arrangement and related transactions, which BPY unitholders are encouraged to review. Transaction Details Subject to pro-ration, BPY unitholders will have the ability to elect to receive, per BPY unit, $18.17 in cash, 0.3979 of a Brookfield class A limited voting share (“Brookfield Shares”), or 0.7268 of a BPY preferred unit with a liquidation preference of $25.00 per unit. Pro-ration will be based on a maximum cash consideration of approximately 50% of the total value of the BPY units ($3.27 billion in total cash payable to public unitholders), a maximum amount of Brookfield Shares equal to approximately 42% of the total value of the BPY units (59.3 million Brookfield Shares payable to public unitholders), and a maximum amount of BPY preferred units with a liquidation value of approximately 8% of the total value of the BPY units ($500 million in liquidation preference of BPY preferred units payable to public unitholders). If public unitholders collectively elect to receive in excess of $500 million in liquidation preference of BPY preferred units, the amount of BPY preferred units can increase to a maximum of $1.0 billion in liquidation preference, offset against the maximum amount of Brookfield Shares. The maximum amount of cash consideration would not be affected. Implications for Brookfield Property REIT Inc. Any holders of the Class A stock of Brookfield Property REIT Inc. (“BPYU”) (NASDAQ: BPYU) that do not exchange their shares of BPYU Class A stock for BPY units prior to the election deadline will receive at closing, in accordance with the terms of the BPYU charter, the same per share consideration as will be received by BPY unitholders who have not made an election, being a combination of approximately 50% cash, 42% Brookfield shares and 8% BPY preferred units (subject to pro-ration). The aggregate consideration of $6.5 billion payable to BPY unitholders in the transaction includes the amount payable to the public holders of shares of BPYU Class A stock and the transaction will not be subject to a vote of holders of shares of BPYU Class A stock. Any holders of shares of BPYU Class A stock who wish to elect their preferred form of consideration rather than the default pro-rated amounts, and/or vote in favor of or against the Arrangement and related transactions, are encouraged to convert their shares of BPYU Class A stock into BPY units as soon as possible. Instructions on how to do so can be found here. Following approval of the Arrangement and related transactions by unitholders of BPY, it is expected that the BPYU 6.375% Series A Cumulative Redeemable Preferred stock (NASDAQ: BPYUP) will be redeemed at its par value of $25.00 per share, plus any accrued and unpaid dividends, at or around the closing of the Arrangement. Implications for Brookfield Office Property Exchange LP The holders of exchangeable limited partnership units of Brookfield Office Property Exchange LP will also be entitled to make the same elections that can be made by BPY unitholders in the transaction. Any holder who does not make an election to participate will have his or her units redeemed prior to closing and will receive the same default consideration as BPY unitholders. Brookfield is not proposing to acquire other securities of BPY and its subsidiaries, which are expected to remain outstanding. Process and Related Matters The Arrangement and related transactions are subject to approval by a majority of the public unitholders of BPY, in addition to other customary closing conditions including the approval of the Ontario Superior Court of Justice. Assuming these conditions are met, the Arrangement is expected to close in the third quarter of 2021. Pursuant to the terms of the agreement governing the Arrangement, BPY unitholders and holders of shares of BPYU Class A stock and exchangeable limited partnership units of Brookfield Office Property Exchange LP will not receive further quarterly distributions on their securities. Torys LLP and Goodwin Procter LLP are serving as legal counsel to Brookfield. Lazard is serving as financial advisor and Goodmans LLP and Latham & Watkins, LLP are serving as legal counsel to BPY’s special committee. IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication is being made in respect of the proposed transaction between BPY and Brookfield. In connection with the proposed transaction, Brookfield and BPY, together with certain subsidiaries of BPY (collectively with Brookfield and BPY, the “Registrants”) will file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 that will include the circular of BPY and a prospectus of the Registrants, as well as other relevant documents regarding the proposed transaction. A definitive circular/prospectus will also be sent to BPY unitholders. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. INVESTORS ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC (IF AND WHEN THEY BECOME AVAILABLE), INCLUDING THE CIRCULAR /PROSPECTUS AND ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. A free copy of the circular/prospectus, as well as other filings containing information about the Registrants, may be obtained at the SEC’s Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from BPY by accessing BPY’s website at bpy.brookfield.com or from Brookfield by accessing Brookfield’s website at bam.brookfield.com. Such documents are not currently available. Brookfield Asset Management Inc. is a leading global alternative asset manager with US$600 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A respectively. For more information, please visit our website at www.brookfield.com or contact: Communications & Media (Brookfield):Claire HollandTel: (416) 369-8236Email: claire.holland@brookfield.com Investor Relations (Brookfield):Linda Northwood Tel: (416) 359-8647 Email: linda.northwood@brookfield.com Communications & Media (BPY):Kerrie McHughTel: (212) 618-3469Email: kerrie.mchugh@brookfield.com Investor Relations (BPY):Matt Cherry Tel: (212) 417-7488 Email: matthew.cherry@brookfield.com Forward-Looking Statements Note: This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. The word “will” and derivations thereof and other expressions that are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Forward-looking statements in this news release include statements with respect to the proposal described in this new release, the expected benefits thereof, and the prospect of its completion. Although Brookfield and BPY believe that such forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield and/or BPY to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: economic and financial conditions in the countries in which we do business or may do business; the behavior of financial markets, including fluctuations in interest and exchange rates; availability of equity and debt financing; and other risks and factors as detailed from time to time in Brookfield’s Annual Report on Form 40-F and BPY’s Annual Report on Form 20-F filed with the Securities and Exchange Commission as well as other documents filed by Brookfield and BPY with the securities regulators in Canada and the United States. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Brookfield and BPY, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, Brookfield and BPY undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise. 1 Reflects the value of a Brookfield Class A share as of market close on March 26, 2021.

Brookfield Property REIT Inc. -- Moody's announces completion of a periodic review of ratings of Brookfield Property REIT Inc.
19 Mar, 2021 Yahoo! Finance

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brookfield Property REIT Inc.Global Credit Research - 19 Mar 2021New York, March 19, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brookfield Property REIT Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 17 March 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Is Brookfield Property Partners a Buy?
06 Mar, 2021 Yahoo! Finance

Brookfield Property Partners (NASDAQ: BPY) and its affiliated real estate investment trust (REIT) Brookfield Property REIT (NASDAQ: BPYU) have a dilemma. While both real estate sectors are currently facing headwinds from the COVID-19 outbreak, Brookfield believes it has a bright future. Most private institutional investors tend to agree with Brookfield, which is why high-quality property values have held up reasonably well.

Brookfield Property Partners' Preferred Units, Series 1 Yield Pushes Past 7%
16 Feb, 2021 FinancialContent

In trading on Tuesday, shares of Brookfield Property Partners LP's 6.50% Class A Cumulative Redeemable Perpetual Preferred Units, Series 1 (BPYPP) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $22.92 on the day. This compares to an average yield of 6.85% in the "Real Estate" preferred stock category, according to Preferred Stock Channel..

Brookfield Property Partners L.P (BPYPP) is a NASDAQ Common Stock listed in , ,

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