The company, which has 32 locations in six U.S. cities and London, has close ties with the project's developer.
BROOKFIELD NEWS, May 08, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPYU; TSX: BPY.UN) (“BPY”) today announced financial results for the quarter ended.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Daniel Kulle previously spent two decades at H&M.
Investors are getting more excited about the future of malls, which helped push Brookfield Property higher. Here's what's going on.
Q4 2019 Brookfield Property Partners LP Earnings Call
BROOKFIELD NEWS, May 08, 2020 -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share.
It's the most drastic move malls have made yet to "flatten the curve" and stop the spread of the COVID-19 coronavirus.
BROOKFIELD NEWS, March 02, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) announced today that it has filed its 2019 annual report on Form 20-F, including.
Q1 2020 Brookfield Property Partners LP Earnings Call
BROOKFIELD NEWS, March 20, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) today provided an update to the investment community regarding the COVID-19.
The ratings on eight P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The ratings on three P&I classes were downgraded due to the decline in performance and upcoming refinance risk of four loans (40.9% of the pool) secured by regional malls comprising of ; Northridge Fashion Center, Town Center at Cobb, Florence Mall, and Fashion Square, and the anticipated losses from troubled loans.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brookfield Property REIT Inc. New York, April 24, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brookfield Property REIT Inc. and other ratings that are associated with the same analytical unit.
Moody's Investors Service, ("Moody's") placed the ratings of Brookfield Property REIT Inc. ("BPYU") on review for downgrade, including its Ba2 Corporate Family Rating and its Ba3 senior secured bank credit facility and senior secured notes. At the same time, Moody's downgraded the REIT's Speculative Grade Liquidity rating to SGL-4 from SGL-3.
Authentic Brands Group (ABG), a global brand development, marketing, and entertainment company, today announced the acquisition of America's original fast fashion retailer, Forever 21. ABG and Simon Property Group (Simon) (NYSE: SPG) will each own 37.5 percent, and Brookfield Property Partners (Brookfield) (NASDAQ: BPY) will own 25 percent of the intellectual property and operating businesses.
Net Income of $1.5 Billion for the Quarter and $3.2 Billion for the Year;Company FFO and Realized Gains of $459 Million for the Quarter and $1.5 Billion for the Year All.
Pebblebrook Hotel Trust (NYSE: PEB) has closed the sale of the Sofitel Washington D.C. hotel, a little more than a month after it said the property was under contract. The Bethesda lodging real estate investment trust sold the 237-room luxury hotel to a division of Brookfield Properties (NASDAQ: BPY), according to deed records. The LLC that purchased the building has an Annapolis address that was formerly the home to Thayer Lodging Trust, which was acquired by Brookfield in 2014.
BROOKFIELD NEWS, April 09, 2020 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its first quarter 2020 financial results will be released.
Brand management company Authentic Brands said on Wednesday it and mall owner Simon Property would own 37.5% each of the retailer, while Brookfield Property would buy 25% of the intellectual property and operating businesses. Financial terms of the deal were not disclosed. Forever 21, which has 593 stores in 57 countries, will continue to operate in U.S. and international markets, Authentic Brands said.
Canaccord Genuity analyst Mark Rothschild maintained a Hold rating on Brookfield Property Partners (NASDAQ:BPY) on Monday, setting a price target of $12, which is approximately 27.80% above the present share price of $9.39.