By Marc Lichtenfeld Brookfield Property Partners (Nasdaq: BPY) is a partnership under the giant Brookfield umbrella. Brookfield has several publicly traded subsidiaries. The parent company is involved with private equity, infrastructure, real estate and power.
Brookfield Property Partners owns 96 million square feet of office space and 120 million square feet of retail space, and it has 11 million square feet of office and multifamily projects in development.
Last year, the company reported funds from operations (FFO) per share of $1.48. FFO is similar to cash flow, and it is the metric used by real estate companies.
Brookfield Property Partners paid out $1.26 per share in …read more
