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Brookfield Property Partners: Still Undervalued After Spin-Off
- The current market environment has created situations where a company's value and price diverge.
- Brookfield Property Partners has strong fundamentals and is returning cash to shareholders.
- The stock is worth upwards of $24 per share and should get there as Wall Street notices BPY's successes.
Brookfield Property Partners Has Meaningful Upside Potential
Marketwire (Aug 7, 2014)
Marketwire (Jun 16, 2014)
Marketwire (Jun 9, 2014)
Thu, Aug. 7, 9:02 AM
Mon, Jul. 28, 7:08 AM
- Adding to its London investments inside its "core plus strategy," Blackstone (NYSE:BX) buys the 330K square foot building in London's financial district from Brookfield Property Partners (NYSE:BPY) for $543M.
- For Brookfield, the proceeds will be reinvested into its City development program.
- It's a seller's market in London, with rents in the best office buildings up 9% last year and expected to rise a similar amount in 2014.
Dec. 20, 2013, 8:57 AM
- Brookfield Property Partners (BPY) bumps the cash portion of its offer for Brookfield Office Properties (BPO) by $1 to $20.34 per share.
- Brookfield Office shareholders can elect to receive either cash or one share of BPY for each share of BPO they own.
- Press release
- The BPO board recommends accepting the boosted offer.
- Press release
- BPO +1.4% to $19.61 premarket. BPY closed yesterday at $20.14.
Nov. 7, 2013, 10:15 AM
Nov. 1, 2013, 7:43 AM
- The additional investment will raise Brookfield Property Partners' (BPY) stake in General Growth Properties (GGP) to 32% and boost the total Brookfield consortium investment (includes BAM) over 40%.
- "We believe that the investment will earn a return that exceeds our target range of 12% to 15%," says BPY CEO Ric Clark.
- The investment will be partly funded with the sale of $435M in equity to Investment Corporation of Dubai and other institutional investors, boosting BPY's float by 28%. Still out there is Brookfield's tender for any stock of Brookfield Office Properties (BPO) it doesn't already own.
- Press release.
Sep. 30, 2013, 10:03 AM
- Those counting their winnings from the Brookfield Property Partners (BPY +1%) offer to Brookfield Office Properties (BPO +15.5%) may want to have a look at another Brookfield offering - Brookfield Canada Office Properties (BOXC).
- SA Pro's Mike Arnold - who nailed it with a bullish call on BPO just days ago - today turns eye to BOXC and also finds it offering considerable value (article embargoed until after the open tomorrow).
Sep. 30, 2013, 8:29 AM
- Brookfield Property Partners (BPY) offers to buy what it doesn't already own of Brookfield Office Properties (BPO) for $19.34 per share. BPO shareholders can accept either cash or shares of BPY (which closed Friday at $19.34) for their stake. The total value of the deal is about $5B.
- Trying to sell the deal to Brookfield Office shareholders, BPY notes they're getting a premium of 17% to the 30-day average share price. Those who accept stock in BPY will be getting a 79% increase in dividends and an 18% increase in book value.
- Easy game: SA Pro's Mike Arnold made a particularly well-timed bullish call on Brookfield Office just last Thursday.
- BPO +15.2% premarket to $19.32.
- Press release.
Jul. 1, 2013, 12:37 PM
Jun. 11, 2013, 6:56 AMBrookfield Property Partners (BPY) - through a fund managed by an affiliate of Brookfield Asset Management (BAM) - acquires Gazeley Limited from Dubai World for an undisclosed price. Gazeley is a specialist developer of large-scale logistics warehouses across the U.K., Europe, and China. It's Dubai World's first major asset sale since its debt issues brought the UAE to the brink 4 years ago. (PR) | Comment!
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