Forget Brookfield L.P. Units. Buy The Preferreds For A 56% Yield To Maturity Opportunity
Summary
- BPY preferred shares present an enticing investment opportunity, boasting a lucrative quarterly dividend yield.
- BPY's financial position and profitability trends are worrisome to common equity holders but not enough to cause alarm over debt repayment and preferred dividend distribution.
- Certain provisions in BPYPO give incentive for BAM/BPY to redeem the $25 par shares next year, opening a 56% yield-to-maturity opportunity.
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