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Market Cap

US$665.0m

Last Updated

2021/04/12 22:51 UTC

Data Sources

Company Financials

Executive Summary

Brookfield Property REIT Inc. (“BPYU”) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (“BPY”) one of the world’s premier real estate companies, with approximately $88 billion in total assets. More Details


Snowflake Analysis

Fair value second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BPYU is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BPYU's weekly volatility has decreased from 8% to 3% over the past year.


Market Performance


7 Day Return

0.8%

BPYU

0.4%

US REITs

0.9%

US Market


1 Year Return

73.5%

BPYU

24.4%

US REITs

57.9%

US Market

Return vs Industry: BPYU exceeded the US REITs industry which returned 24.4% over the past year.

Return vs Market: BPYU exceeded the US Market which returned 57.9% over the past year.


Shareholder returns

BPYUIndustryMarket
7 Day0.8%0.4%0.9%
30 Day-1.0%2.9%2.3%
90 Day6.2%14.9%6.3%
1 Year90.8%73.5%29.7%24.4%60.8%57.9%
3 Yearn/a41.7%24.5%64.5%53.9%
5 Yearn/a46.8%17.2%120.9%96.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BPYU ($17.96) is trading below our estimate of fair value ($323.23)

Significantly Below Fair Value: BPYU is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: BPYU 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 BPYU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BPYU is good value based on its PB Ratio (0.4x) compared to the US REITs industry average (1.8x).


Future Growth

How is Brookfield Property REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.6%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Brookfield Property REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

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

-6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPYU is currently unprofitable.

Growing Profit Margin: BPYU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BPYU is unprofitable, and losses have increased over the past 5 years at a rate of 6.6% per year.

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

Earnings vs Industry: BPYU is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-4.4%).


Return on Equity

High ROE: BPYU has a negative Return on Equity (-24.21%), as it is currently unprofitable.


Financial Health

How is Brookfield Property REIT's financial position?


Financial Position Analysis

Short Term Liabilities: BPYU's short term assets ($1.3B) do not cover its short term liabilities ($4.8B).

Long Term Liabilities: BPYU's short term assets ($1.3B) do not cover its long term liabilities ($13.8B).


Debt to Equity History and Analysis

Debt Level: BPYU's debt to equity ratio (492.9%) is considered high.

Reducing Debt: BPYU's debt to equity ratio has increased from 167.7% to 492.9% over the past 5 years.

Debt Coverage: BPYU's operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet


Dividend

What is Brookfield Property REIT current dividend yield, its reliability and sustainability?

7.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPYU's dividend (7.41%) is higher than the bottom 25% of dividend payers in the US market (1.26%).

High Dividend: BPYU's dividend (7.41%) is in the top 25% of dividend payers in the US market (3.5%)


Stability and Growth of Payments

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

Growing Dividend: BPYU's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.4%), BPYU's dividend payments are well covered by earnings.


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?

2.7yrs

Average board tenure


CEO

Brian Kingston (46 yo)

2.67yrs

Tenure

US$200,000

Compensation

Mr. Brian William Kingston serves as 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 August...


Board Members

Experienced Board: BPYU's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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 REIT Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brookfield Property REIT Inc.
  • Ticker: BPYU
  • Exchange: NasdaqGS
  • Founded: 2018
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: US$664.987m
  • Shares outstanding: 37.03m
  • Website: https://www.bpy.brookfield.com

Number of Employees


Location

  • Brookfield Property REIT Inc.
  • Brookfield Place
  • 250 Vesey Street
  • New York
  • New York
  • 10281
  • United States

Listings


Biography

Brookfield Property REIT Inc. (“BPYU”) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (“BPY”) one of the world’s premier real estate companies, with approximately $88 bill...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 22:51
End of Day Share Price2021/04/12 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.