BPYPP

14.40000 USD
0.41
2.77%
Last update Dec 15, 3:59 PM EST
Market closed
Day range
14.25
14.88000
Previous close
14.81000
Open
14.88000
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Brookfield Property Partners L.P. 6.50% Class...
14.40
0.41
2.77%

Overview

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Description

Brookfield Property Partners L.P., 6.5% Perpetual Preferred Stock, represents a class of preferred equity offerings by Brookfield Property Partners L.P., a global leader in commercial real estate ownership, operation, and development. As a type of perpetual preferred stock, this asset provides a fixed dividend payment, set at 6.5% of the investment's face value, making it an attractive option for income-focused investors. Unlike common stock, holders of this preferred stock typically do not possess voting rights; however, they have a higher claim on assets and earnings. Brookfield Property Partners plays a significant role in sectors such as office, retail, multifamily, hospitality, and logistics. The preferred stock reflects the company's commitment to providing steady returns, leveraging its vast, high-quality, diversified real estate portfolio across key markets globally. This asset contributes to the broader capital structure of Brookfield Property Partners, offering a stable and predictable income stream while enhancing the company’s financial flexibility. The significance of this preferred stock in the market underscores the enduring appeal of real estate investments, supported by Brookfield's strategic oversight and management expertise.

About

CEO
Mr. Brian William Kingston
Employees
25700
Address
73 Front Street
Fifth Floor
Hamilton, HM 12
Phone
Instrument type
Preferred stock
Sector
Real Estate
Industry
Real Estate Services
Country
United States
MIC code
XNGS
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