Topic: How To Invest

Pat: May I please have your opinion on Brookfield Property Partners LP? Thanks.

Article Excerpt

Brookfield Property Partners LP, $29.75, symbol BPY.UN on Toronto (Units outstanding: 262.8 million; Market cap: $21.3 billion; www.brookfieldpropertypartners.com), owns, operates and invests in commercial real estate worldwide. Its portfolio includes: 243 office properties totalling over 114 million square feet, mainly in leading commercial markets like New York, London, Los Angeles, Washington, D.C., Sydney, Toronto, Houston, Calgary and Perth; 172 regional malls and stand-alone stores containing 154 million square feet in the U.S. and Brazil. The company mainly holds its retail properties through its 29% interest in General Growth Properties, Inc. and its 33% stake in Rouse Properties, Inc.; Roughly 44 million square feet of industrial space across 164 properties, mainly consisting of warehouses in North America and Europe, with an additional 11 million square feet under construction; About 26,900 multi-family units across 89 properties in the U.S. and Canada; Eleven hotels with over 8,560 rooms across North America and Australia; and Over 300 properties leased to automotive dealerships in the U.S. and Canada. The company’s assets are…