Brookfield Property Partners
Market Cap
US$16.3b
Last Updated
2019/12/12 00:17 UTC
Data Sources
Company Financials +
Executive Summary
Brookfield Property Partners, through Brookfield Property Partners L.P.
Rewards
Snowflake Analysis
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
BPY
1.0%
US Real Estate
0.8%
US Market
1 Year Return
11.1%
BPY
19.2%
US Real Estate
17.8%
US Market
Return vs Industry: BPY underperformed the US Real Estate industry which returned 19.2% over the past year.
Return vs Market: BPY underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| BPY | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 1.0% | 0.8% |
| 30 Day | -2.4% | 3.7% | 1.8% |
| 90 Day | -8.0% | 6.2% | 4.1% |
| 1 Year | 19.0%11.1% | 20.2%19.2% | 20.4%17.8% |
| 3 Year | 4.7%-13.0% | 32.0%28.8% | 45.9%36.4% |
| 5 Year | 6.2%-20.0% | 17.8%13.9% | 68.1%49.6% |
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
1 year ago | Simply Wall St
Brookfield Property Partners LP's (NASDAQ:BPY) Earnings Dropped -22.64%, Did Its Industry Show Weakness Too?1 year ago | Simply Wall St
Should You Be Tempted To Sell Brookfield Property Partners LP. (NASDAQ:BPY) At Its Current PE Ratio?1 year ago | Simply Wall St
How Does Brookfield Property Partners LP. (NASDAQ:BPY) Fare As A Dividend Stock?Valuation
Is Brookfield Property Partners undervalued compared to its fair value and its price relative to the market?
13.08x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BPY ($18.47) is trading above our estimate of fair value ($15.66)
Significantly Below Fair Value: BPY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BPY is good value based on its PE Ratio (13.1x) compared to the Real Estate industry average (24.8x).
PE vs Market: BPY is good value based on its PE Ratio (13.1x) compared to the US market (18.4x).
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 (1.5x).
Future Growth
How is Brookfield Property Partners forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-8.3%
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 (1.7%).
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 is expected to decline over the next 3 years (-8.3% per year).
High Growth Revenue: BPY's revenue is forecast to decline over the next 3 years (-8.3% 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
Past Performance
How has Brookfield Property Partners performed over the past 5 years?
-18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BPY has a large one-off gain of $1.7B impacting its September 30 2019 financial results.
Growing Profit Margin: BPY's current net profit margins (7.5%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: BPY's earnings have declined by -18.2% per year over the past 5 years.
Accelerating Growth: BPY's earnings growth over the past year (4.5%) exceeds its 5-year average (-18.2% per year).
Earnings vs Industry: BPY earnings growth over the past year (4.5%) exceeded the Real Estate industry -25%.
Return on Equity
High ROE: BPY's Return on Equity (5.5%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is Brookfield Property Partners's financial position?
Financial Position Analysis
Short Term Liabilities: BPY's short term assets ($5.4B) do not cover its short term liabilities ($11.5B).
Long Term Liabilities: BPY's short term assets ($5.4B) do not cover its long term liabilities ($52.6B).
Debt to Equity History and Analysis
Debt Level: BPY's debt to equity ratio (124.2%) is considered high.
Reducing Debt: BPY's debt to equity ratio has increased from 104.1% to 124.2% over the past 5 years.
Debt Coverage: BPY's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: BPY's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Inventory Level: BPY has a high level of physical assets or inventory.
Debt Coverage by Assets: BPY's debt is not covered by short term assets (assets are 0.1x debt).
Dividend
What is Brookfield Property Partners's current dividend yield, its reliability and sustainability?
7.15%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BPY's dividend (7.15%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: BPY's dividend (7.15%) 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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (92.4%), BPY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BPY's dividends in 3 years are forecast to be covered by earnings (76.4% payout ratio).
Management
What is the CEO of Brookfield Property Partners's salary, the management and board of directors tenure and is there insider trading?
4.1yrs
Average management tenure
CEO
Brian Kingston (45yo)
4.1yrs
Tenure
Mr. Brian W. Kingston is the Chief Executive Officer of Brookfield Property Group LLC since August 28, 2018. Mr. Kingston has been the President and Global Chief Investment Officer at Brookfield Property G ...
Management Age and Tenure
4.1yrs
Average Tenure
52yo
Average Age
Experienced Management: BPY's management team is considered experienced (4.1 years average tenure).
Board Age and Tenure
5.8yrs
Average Tenure
66yo
Average Age
Experienced Board: BPY's board of directors are considered experienced (5.8 years average tenure).
Insider Trading
Insider Buying: BPY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director of Brookfield Property Partners Limited |
| Shares | 1,060 |
| Max Price | US$18.97 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director of Brookfield Property Partners Limited |
| Shares | 2,617 |
| Max Price | US$19.14 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 46.7%.
Management Team
David Arthur (64yo)
Managing Partner of Real Estate-Canadian & Brazilian Invest.-Brookfield Property Partners Ltd
- Tenure: 0yrs
Ric Clark (61yo)
Chairman & Senior Managing Partner of Brookfield Property Partners Limited
- Tenure: 4.1yrs
Bryan Davis (46yo)
Managing Partner of Rest Estate & CFO - Brookfield Property Partners Limited
- Tenure: 4.9yrs
Bert Dezzutti (58yo)
Executive Vice President of the Western Region
- Tenure: 0yrs
Brett Fox (46yo)
Managing Partner & General Counsel of Real Estate - Brookfield Property Partners Ltd
- Tenure: 0yrs
Brian Kingston (45yo)
Senior Managing Partner & CEO of Brookfield Property Partners Limited
- Tenure: 4.1yrs
Bill Powell (60yo)
Senior Managing Partner of Real Estate & COO - Brookfield Property Partners Ltd
- Tenure: 1.7yrs
Lowell Baron (43yo)
Managing Partner of Real Estate & Chief Investment Officer
- Tenure: 0yrs
Matt Cherry
Senior Vice President of Investor Relations & Communications
- Tenure: 0yrs
Mark Brown
Managing Partner of Real Estate & Chief Investment Officer
- Tenure: 0yrs
Board Members
Ric Clark (61yo)
Chairman & Senior Managing Partner of Brookfield Property Partners Limited
- Tenure: 4.1yrs
Jeff Blidner (71yo)
Director of Brookfield Property Partners Limited
- Tenure: 6.9yrs
Lou Maroun (69yo)
Independent Director of Brookfield Property Partners Limited
- Tenure: 6.8yrs
Omar Carneiro Cunha (73yo)
Independent Director of Brookfield Property Partners Limited
- Tenure: 6.9yrs
Soon Young Chang (59yo)
Director of Brookfield Property Partners Limited
- Tenure: 4.8yrs
Lars Eric Rodert (58yo)
Lead Independent Director of Brookfield Property Partners Limited
- Tenure: 0yrs
Caroline Atkinson (66yo)
Independent Director of Brookfield Property Partners Limited
- Tenure: 0.8yrs
Stephen DeNardo (66yo)
Independent Director of Brookfield Property Partners Limited
- Tenure: 6.9yrs
Scott Cutler (49yo)
Independent Director of Brookfield Property Partners Limited
- Tenure: 0.8yrs
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:
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: US$16.346b
- Market Cap: US$8.136b
- Shares outstanding: 877.88m
- Website: https://bpy.brookfield.com
Number of Employees
Location
- Brookfield Property Partners L.P.
- 73 Front Street
- 5th Floor
- Hamilton
- HM 12
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BPY | NasdaqGS (Nasdaq Global Select) | Yes | Limited Partner Units | US | USD | Mar 2013 |
| BPY.UN | TSX (The Toronto Stock Exchange) | Yes | Limited Partner Units | CA | CAD | Mar 2013 |
| BPYP.P | NasdaqGS (Nasdaq Global Select) | 6.50 PF UNIT A 1 | US | USD | Mar 2019 | |
| BPYP.O | NasdaqGS (Nasdaq Global Select) | 6.375 PFD 2 CL A | US | USD | Aug 2019 |
Biography
Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the world’s premier commercial real estate companies, with approximately ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 00:17 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.