Brookfield Property REIT Inc. Declares Quarterly Dividends

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Rhea-AI Summary

BROOKFIELD PROPERTY REIT INC. (NASDAQ: BPYU) has declared a quarterly dividend of $0.3325 per share on its Class A Stock, payable on September 30, 2020, to shareholders of record by August 31, 2020.

The Board also announced a quarterly dividend of $0.39844 per share on its 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPYUP), payable on October 1, 2020, to stockholders of record by September 15, 2020.

This highlights Brookfield’s commitment to providing returns to investors amidst its diverse real estate investments.

Positive

Declared a quarterly dividend of $0.3325 per share for Class A Stock.
Announced a dividend of $0.39844 per share for Series A Cumulative Redeemable Preferred Stock.
Demonstrates commitment to shareholder returns.

Negative

None.

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News Market Reaction – BPYU

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08/06/2020 - 06:57 AM EDT

BROOKFIELD NEWS, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share on its Class A Stock payable on September 30, 2020 to shareholders of record at the close of business on August 31, 2020.

The Board of Directors has also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPYUP) of $0.39844 per share payable on October 1, 2020, to stockholders of record on September 15, 2020.

About Brookfield Property REIT Inc.
Brookfield Property REIT Inc. (“BPYU”) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (“BPY”) one of the world’s premier real estate companies, with approximately $86 billion in total assets. BPYU was created as a public security that is intended to offer economic equivalence to an investment in BPY in the form of a U.S. REIT stock.

Brookfield Property Partners are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, logistics, hospitality, self-storage, student housing and manufactured housing assets.

Further information is available at bpy.brookfield.com/bpyu.

Contact:
Matt Cherry
Senior Vice President, Investor Relations
Tel.: (212) 417-7488
Email: Matthew.Cherry@brookfield.com

FAQ

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What is the dividend amount for BPYU in 2020?

The dividend amount declared for BPYU in 2020 is $0.3325 per share for Class A Stock.

When is the BPYU dividend payment date?

The BPYU dividend payment date is September 30, 2020.

What are the record dates for BPYU dividends?

The record date for the Class A Stock dividend is August 31, 2020, and for the Preferred Stock, it is September 15, 2020.

Is BPYU a reliable dividend stock?

BPYU's consistent dividend announcements indicate a commitment to shareholder returns, but investors should assess overall company performance.

Brookfield Property REIT Inc. Declares Quarterly Dividends