NasdaqGS:BPY

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Brookfield Property Partners

Executive Summary

Brookfield Property Partners, through Brookfield Property Partners L.P. More Details


Snowflake Analysis

Unattractive dividend payer and overvalued.

Share Price & News

How has Brookfield Property Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BPY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BPY's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-4.5%

BPY

-26.8%

US Real Estate

-4.6%

US Market


1 Year Return

4.4%

BPY

169.2%

US Real Estate

38.5%

US Market

Return vs Industry: BPY underperformed the US Real Estate industry which returned 192.7% over the past year.

Return vs Market: BPY underperformed the US Market which returned 38.9% over the past year.


Shareholder returns

BPYIndustryMarket
7 Day-4.5%-26.8%-4.6%
30 Day0.8%-22.0%0.6%
90 Day5.3%-54.2%1.9%
1 Year15.0%4.4%170.1%169.2%41.5%38.5%
3 Year6.6%-15.6%324.8%318.5%56.7%46.7%
5 Year11.5%-20.5%1,223.5%1,144.5%123.5%98.6%

Long-Term Price Volatility Vs. Market

How volatile is Brookfield Property Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Brookfield Property Partners undervalued compared to its fair value and its price relative to the market?

0.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BPY ($17.04) is trading above our estimate of fair value ($13.07)

Significantly Below Fair Value: BPY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BPY is unprofitable, so we can't compare its PE Ratio to the US Real Estate industry average.

PE vs Market: BPY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BPY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BPY is good value based on its PB Ratio (0.6x) compared to the US Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Brookfield Property Partners forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BPY's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if BPY's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BPY's revenue (4.9% per year) is forecast to grow slower than the US market (10.4% per year).

High Growth Revenue: BPY's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BPY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Brookfield Property Partners performed over the past 5 years?

-32.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPY is currently unprofitable.

Growing Profit Margin: BPY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BPY is unprofitable, and losses have increased over the past 5 years at a rate of 32.5% per year.

Accelerating Growth: Unable to compare BPY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BPY is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-17.6%).


Return on Equity

High ROE: BPY has a negative Return on Equity (-4.96%), as it is currently unprofitable.


Next Steps

Financial Health

How is Brookfield Property Partners's financial position?


Financial Position Analysis

Short Term Liabilities: BPY's short term assets ($8.7B) exceed its short term liabilities ($6.2B).

Long Term Liabilities: BPY's short term assets ($8.7B) do not cover its long term liabilities ($60.2B).


Debt to Equity History and Analysis

Debt Level: BPY's debt to equity ratio (135.9%) is considered high.

Reducing Debt: BPY's debt to equity ratio has increased from 111.8% to 135.9% over the past 5 years.

Debt Coverage: BPY's debt is not well covered by operating cash flow (1.7%).

Interest Coverage: BPY is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Brookfield Property Partners's current dividend yield, its reliability and sustainability?

7.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPY's dividend (7.81%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: BPY's dividend (7.81%) is in the top 25% of dividend payers in the US market (3.72%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BPY has been paying a dividend for less than 10 years.

Growing Dividend: BPY's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: BPY is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Brian Kingston (46 yo)

5.25yrs

Tenure

Mr. Brian William Kingston serves as a Chief Executive Officer at Brookfield Asset Management PIC US, LLC since November, 2015. He is the Chief Executive Officer of Brookfield Property Group LLC since Augu...


Leadership Team

NamePositionTenureCompensationOwnership
Brian Kingston
Senior Managing Partner & CEO of Brookfield Property Partners Limited5.25yrsno datano data
Bryan Davis
Managing Partner of Rest Estate & CFO - Brookfield Property Partners Limited6.08yrsno data0.028%
$ 4.5m
William Powell
Senior Managing Partner of Real Estate & COO - Brookfield Property Partners Ltd2.83yrsno datano data
Lowell Baron
Managing Partner of Real Estate & Chief Investment Officerno datano datano data
Matthew Cherry
Senior Vice President of Investor Relationsno datano datano data
Kerrie McHugh
Senior Vice President of Communications & Brandingno datano datano data
Brett Fox
Managing Partner & General Counsel of Real Estate - Brookfield Property Partners Ltdno datano datano data
Robert Dezzutti
Executive Vice President of the Western Regionno datano datano data
Andrea Balkan
Managing Partner of Real Estate Finance Funds - Brookfield Property Partners Limitedno datano datano data
Jay Cornforth
Managing Partner of Real Estate Industrial & U.S. Head of Logisticsno datano datano data
Sophie Fallman
Managing Partner of Real Estate & Head of Real Estate - Australia3.08yrsno datano data
Murray Goldfarb
Managing Partner of Real Estateno datano datano data

4.2yrs

Average Tenure

47yo

Average Age

Experienced Management: BPY's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Blidner
Management & Affiliated Director of Brookfield Property Partners Limited7.58yrsno datano data
A. McGregor
Independent Director of Brookfield Property Partners Limited0.92yrno data0.0050%
$ 804.8k
Louis Maroun
Independent Director of Brookfield Property Partners Limited7.83yrsno data0.011%
$ 1.8m
Michael Warren
Independent Director of Brookfield Property Partners Limited0.25yrno datano data
Omar da Cunha
Independent Director of Brookfield Property Partners Limited7.83yrsno data0.0040%
$ 650.3k
Soon Young Chang
Independent Director of Brookfield Property Partners Limited6.83yrsno datano data
Lars Eric Rodert
Lead Independent Director of Brookfield Property Partners Limitedno datano data0.0034%
$ 553.7k
Caroline Atkinson
Independent Director of Brookfield Property Partners Limited2yrsno data0.0020%
$ 323.5k
Stephen DeNardo
Independent Director of Brookfield Property Partners Limited7.83yrsno data0.013%
$ 2.2m

7.2yrs

Average Tenure

67yo

Average Age

Experienced Board: BPY's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Brookfield Property Partners L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brookfield Property Partners L.P.
  • Ticker: BPY
  • Exchange: NasdaqGS
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: US$16.097b
  • Market Cap: US$7.497b
  • Shares outstanding: 892.27m
  • Website: https://bpy.brookfield.com

Number of Employees


Location

  • Brookfield Property Partners L.P.
  • 73 Front Street
  • 5th Floor
  • Hamilton
  • HM 12
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BPYNasdaqGS (Nasdaq Global Select)YesLimited Partner UnitsUSUSDMar 2013
BPY.UNTSX (The Toronto Stock Exchange)YesLimited Partner UnitsCACADMar 2013
BPYP.PNasdaqGS (Nasdaq Global Select)6.50 PF UNIT A 1USUSDMar 2019
BPYP.ONasdaqGS (Nasdaq Global Select)6.375 CL A PFD 2USUSDAug 2019
BPYP.NNasdaqGS (Nasdaq Global Select)5.75 CL A PF SR3USUSDFeb 2020

Biography

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the world’s premier real estate companies, with approximately $88 billion...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 23:18
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.