Welcome to our dedicated page for BROOKFIELD PPTY REIT news (Ticker: BPYU), a resource for investors and traders seeking the latest updates and insights on BROOKFIELD PPTY REIT stock.
Brookfield Property REIT Inc. (BPYU) is tied to Brookfield Property Partners L.P., a commercial real estate platform that describes itself as one of the world’s premier real estate companies. Through Brookfield Property Partners, BPYU is connected to a global portfolio of office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing and self-storage properties in major markets.
The news flow linked to this platform frequently features announcements from Brookfield Property Partners about quarterly distributions on its Class A Nasdaq-listed preferred units BPYPP, BPYPO, BPYPN and BPYPM, as well as its TSX-listed preferred unit BPYP.PR.A. These releases detail declared distribution amounts and record and payment dates for holders of these securities.
In addition to distribution announcements, Brookfield Property Partners also issues updates about its regulatory reporting. Recent communications have highlighted the filing of annual reports on Form 20-F, including audited financial statements, with the U.S. Securities and Exchange Commission on EDGAR and with Canadian securities authorities on SEDAR+.
On this news page for BPYU, readers can review company-issued information related to the broader Brookfield Property Partners platform, including preferred unit distribution declarations and notices about annual filings. Investors and observers who follow BPYU often consider these items relevant because BPR/BPYU is described as a public security intended to be economically equivalent to an investment in Brookfield Property Partners in a U.S. REIT format.
BROOKFIELD NEWS reported financial results for Brookfield Property Partners (BPY) for Q1 2021, showing a net income of $731 million or $0.25 per LP unit, a significant recovery from a $373 million loss in Q1 2020. The quarter's performance was influenced by gains in the office portfolio but impacted by decreased FFO of $125 million, compared to $309 million in the prior year. The company completed $1.1 billion in asset sales, generating net proceeds of approximately $244 million. Notably, a privatization deal with Brookfield Asset Management has been announced, with a planned acquisition price of $18.17 per unit.
Brookfield Property REIT Inc. (NASDAQ: BPYU) has filed its 2020 annual report on Form 10-K with the SEC, which includes audited financial statements for the year ending December 31, 2020. This report is available on their website and can be requested in hard copy by shareholders. As a subsidiary of Brookfield Property Partners, BPYU represents a public security offering equivalent economic investment in BPY, with around $88 billion in total assets. The company focuses on commercial real estate, including office, retail, multifamily, logistics, and hospitality.
Brookfield Property REIT Inc. (NASDAQ: BPYU) announced 2020 tax reporting details for its distributions on Class A Stock and 6.375% Series A Preferred Stock. Total distributions for Class A Stock amounted to $1.33 per share, with all categorized as ordinary distributions. For the Series A Preferred Stock, total distributions reached $1.99 per share, again with all classified as ordinary. Federal Form 1099s will be mailed by January 31, 2021. Investors should refer to forms 8937 on the company website for further tax information.
Brookfield Property Partners L.P. (BPY) and Brookfield Property REIT Inc. (BPYU) received a non-binding acquisition proposal from Brookfield Asset Management Inc. for $16.50 per unit, totaling approximately $5.9 billion. Unitholders may receive a mix of cash, Brookfield Shares, or BPY Preferred Units, subject to proration limits. The BPY board has formed a committee to assess the proposal, and no action is required from BPY or BPYU shareholders currently. Brookfield Property Partners manages assets worth around $88 billion, including diverse real estate properties.
BROOKFIELD NEWS, Nov. 06, 2020 - Brookfield Property REIT (NASDAQ: BPYU) has declared a quarterly dividend of $0.3325 per share on Class A Stock, payable on December 31, 2020 to shareholders on record as of November 30, 2020. Additionally, a quarterly dividend of $0.39844 per share on the 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPYUP) will be paid on January 1, 2021 to stockholders of record as of December 15, 2020. Brookfield Property REIT is part of Brookfield Property Partners, managing a diversified portfolio valued at approximately $88 billion.
BROOKFIELD NEWS, Aug. 18, 2020 – Brookfield Property REIT (NASDAQ: BPYU) has completed its tender offer to purchase up to 9,166,667 shares of Class A Stock at $12.00 per share, with the offer expiring on August 12, 2020. A total of 7,321,155 shares were properly tendered, leading to an aggregate cost of about $87.9 million, representing approximately 13% of the outstanding shares. Post-offer, BPYU will have around 47.9 million shares remaining. Shareholders can convert untendered BPYU shares into Brookfield Property Partners L.P. units until August 28, 2020.
BROOKFIELD NEWS, Aug. 13, 2020 - Brookfield Property REIT (NASDAQ: BPYU) announced the preliminary results of its tender offer to buy up to 9.2 million Class A shares at $12.00 each. The offer, which expired on August 12, saw approximately 11.3 million shares tendered, leading to a pro rata acceptance of about 81.2% of shares tendered due to oversubscription. BPYU will spend around $110 million on these purchases, reducing outstanding shares to approximately 47.5 million. Shareholders can convert retained shares into Brookfield Property Partners units before a concurrent bid's expiry on August 28.
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.
Brookfield Property REIT (NASDAQ: BPYU) announced a waiver of covenants on its retail credit facility, providing increased financial flexibility amid challenging economic conditions. The amendment eliminates the maximum total indebtedness to value ratio and lowers the fixed charge coverage ratio. This change ensures that BPYU can continue operations and meet dividend obligations to shareholders. The PR highlights the company's resilience and adaptability in a tough market environment.
Brookfield Property REIT Inc. (BPYU) has announced a tender offer to purchase up to 9,166,667 shares of its Class A Stock at a price of $12 per share, representing a 17.3% premium over the closing price on July 1, 2020. The total value of the offer is approximately $110 million. The offer will expire on August 12, 2020, unless extended. Shareholders can convert Class A Stock for BPY Units as part of a separate offer by Brookfield Property Partners. BPYU will purchase shares on a pro-rata basis if more shares are tendered than offered.
