Brookfield Property REIT (BPYU)

Brookfield Property REIT Inc. ("BPR") is a subsidiary of Brookfield Property Partners L.P., one of the world's largest commercial real estate companies, with over $85 billion in total assets. BPR was created as a public security that is intended to offer economic equivalence to an investment in BPY in the form of a U.S. REIT stock.

Company profile

Ticker

BPYU, BPYUP

Exchange

NASDAQ

Website

www.brookfieldpropertiesretail.com

CEO

Brian Kingston

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Real Estate and Rental and Leasing > Lessors of Other Real Estate Property

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • VEREIT • Prologis • Vornado Realty • Vornado Realty Trust • Welltower • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust ...

Former names

GGP Inc., General Growth Properties, Inc., New GGP, Inc.

SEC CIK

0001496048

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

BPR Nimbus LLC • BPR Cumulus LLC • BPR OP, LP • Brookfield Properties Retail Inc. • GGPLP L.L.C. • GGPLP Real Estate LLC • GGP Real Estate Holding I, Inc. • GGP Real Estate Holding II, Inc. • BPY Retail Holdings LLC • BPY Retail Holdings REIT LLC ...

IRS number

272963337

BPYU stock data

1M 1Y 5Y

Press releases

From Benzinga Pro

Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

4 May 22

All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, May 04, 2022 (GLOBE NEWSWIRE) -- Brookfield Property Partners ("BPY" or the "Partnership") announced today that the Board of

Brookfield Property Partners Extends Deadline for Joint Tax Election on Privatization Transaction for Eligible Unitholders

11 Mar 22

BROOKFIELD NEWS, March 11, 2022 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. ("BAM") (NYSE:BAM, TSX:BAM) and Brookfield Property Partners L.P. ("BPY") today announced that they have agreed to extend the

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

6 Aug 21

17 May 22

31 Dec 22

Financial summary

Financial statements Chart BPYU financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

BPYU insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 Jul 21	Brian Kingston	Class A Stock	Other	Dispose J	No	No	18.17	235,000	4.27M	0
28 Apr 21	Bryan K. Davis	Class A Stock	Other	Dispose J	No	No	0	100,000	0	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

BPYU institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	2	2	–
Opened positions	0	0
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	60.27M	60.27M	–
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Abu Dhabi Investment Authority	38.57M	$0	0.0%
Future Fund Board of Guardians	21.7M	$0	0.0%

Largest transactions	Shares	Bought/sold	Change
Abu Dhabi Investment Authority	38.57M	0	0.0%
Future Fund Board of Guardians	21.7M	0	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Rental revenues decreased $17.1 million, primarily due to the net impact of COVID rent relief of $20.2 million in the second quarter of 2021, which is related primarily to 2020 rents. This is partially offset due to the $1.2 million increase in termination income in the second quarter of 2021 compared to the second quarter of 2020.
Other property operating costs increased $13.4 million in the second quarter of 2021 compared to the second quarter of 2020, primarily due to the re-opening of properties that were closed due the effects of the COVID-19 pandemic in second quarter of 2020.
The provision for impairment of $71.5 million during the second quarter of 2020 is related to an impairment charge recorded on one operating property. There were no impairment charges recorded during the second quarter of 2021 (Note 2).

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: appointing, Atkinson, Brian, broker, Buckland, Carneiro, Caroline, Chairman, Cunha, da, Deerbrook, director, earlier, East, Eastridge, encumbered, Fashion, filled, Grand, intermediary, Kingston, McGregor, Michael, Omar, payoff, Plaza, receivership, resigned, serve, serving, Stonebriar, Teton, Toronto, Tucson, upfront, vacancy, Warren, Willowbrook, Young

Removed: Brazil, delay, margin

From filing 10-Q 2021 Q2

Financial reports

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