Brookfield Property REIT
Market Cap
US$666.5m
Last Updated
2021/04/20 23:37 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
Rewards
Risk Analysis
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 (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.3%
BPYU
2.4%
US REITs
-0.8%
US Market
1 Year Return
112.0%
BPYU
35.2%
US REITs
58.4%
US Market
Return vs Industry: BPYU exceeded the US REITs industry which returned 31.7% over the past year.
Return vs Market: BPYU exceeded the US Market which returned 55% over the past year.
Shareholder returns
| BPYU | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 2.4% | -0.8% |
| 30 Day | -1.4% | 7.7% | 3.1% |
| 90 Day | 2.2% | 13.1% | 4.2% |
| 1 Year | 133.2%112.0% | 40.8%35.2% | 61.1%58.4% |
| 3 Year | n/a | 47.4%29.6% | 66.0%55.4% |
| 5 Year | n/a | 53.2%22.2% | 120.8%96.1% |
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
6 days ago | Simply Wall St
Did Brookfield Property REIT Inc. (NASDAQ:BPYU) Insiders Sell Shares?1 month ago | Simply Wall St
What Type Of Shareholders Own The Most Number of Brookfield Property REIT Inc. (NASDAQ:BPYU) Shares?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 ($17.83) is trading below our estimate of fair value ($324.97)
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?
12.9%
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?
7.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BPYU's dividend (7.46%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: BPYU's dividend (7.46%) is in the top 25% of dividend payers in the US market (3.48%)
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$666.468m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/20 23:37 |
| End of Day Share Price | 2021/04/20 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.