Brookfield Property Partners
Market Cap
US$16.1b
Last Updated
2021/02/26 23:18 UTC
Data Sources
Company Financials +
Executive Summary
Brookfield Property Partners, through Brookfield Property Partners L.P. More Details
Risk Analysis
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
| BPY | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.5% | -26.8% | -4.6% |
| 30 Day | 0.8% | -22.0% | 0.6% |
| 90 Day | 5.3% | -54.2% | 1.9% |
| 1 Year | 15.0%4.4% | 170.1%169.2% | 41.5%38.5% |
| 3 Year | 6.6%-15.6% | 324.8%318.5% | 56.7%46.7% |
| 5 Year | 11.5%-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
2 years ago | Simply Wall St
Brookfield Property Partners LP's (NASDAQ:BPY) Earnings Dropped -22.64%, Did Its Industry Show Weakness Too?2 years ago | Simply Wall St
Should You Be Tempted To Sell Brookfield Property Partners LP. (NASDAQ:BPY) At Its Current PE Ratio?2 years 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?
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior Managing Partner & CEO of Brookfield Property Partners Limited | 5.25yrs | no data | no data | |
| Managing Partner of Rest Estate & CFO - Brookfield Property Partners Limited | 6.08yrs | no data | 0.028% $ 4.5m | |
| Senior Managing Partner of Real Estate & COO - Brookfield Property Partners Ltd | 2.83yrs | no data | no data | |
| Managing Partner of Real Estate & Chief Investment Officer | no data | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Senior Vice President of Communications & Branding | no data | no data | no data | |
| Managing Partner & General Counsel of Real Estate - Brookfield Property Partners Ltd | no data | no data | no data | |
| Executive Vice President of the Western Region | no data | no data | no data | |
| Managing Partner of Real Estate Finance Funds - Brookfield Property Partners Limited | no data | no data | no data | |
| Managing Partner of Real Estate Industrial & U.S. Head of Logistics | no data | no data | no data | |
| Managing Partner of Real Estate & Head of Real Estate - Australia | 3.08yrs | no data | no data | |
| Managing Partner of Real Estate | no data | no data | no data |
4.2yrs
Average Tenure
47yo
Average Age
Experienced Management: BPY's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Management & Affiliated Director of Brookfield Property Partners Limited | 7.58yrs | no data | no data | |
| Independent Director of Brookfield Property Partners Limited | 0.92yr | no data | 0.0050% $ 804.8k | |
| Independent Director of Brookfield Property Partners Limited | 7.83yrs | no data | 0.011% $ 1.8m | |
| Independent Director of Brookfield Property Partners Limited | 0.25yr | no data | no data | |
| Independent Director of Brookfield Property Partners Limited | 7.83yrs | no data | 0.0040% $ 650.3k | |
| Independent Director of Brookfield Property Partners Limited | 6.83yrs | no data | no data | |
| Lead Independent Director of Brookfield Property Partners Limited | no data | no data | 0.0034% $ 553.7k | |
| Independent Director of Brookfield Property Partners Limited | 2yrs | no data | 0.0020% $ 323.5k | |
| Independent Director of Brookfield Property Partners Limited | 7.83yrs | no data | 0.013% $ 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
| 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 CL A PFD 2 | US | USD | Aug 2019 | |
| BPYP.N | NasdaqGS (Nasdaq Global Select) | 5.75 CL A PF SR3 | US | USD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 23:18 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.