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Brookfield Property Partners LP (BPY.OQ)

BPY.OQ on NASDAQ Stock Exchange Global Select Market

19.54USD
22 Jun 2018
Change (% chg)

$-0.10 (-0.51%)
Prev Close
$19.64
Open
$19.65
Day's High
$19.75
Day's Low
$19.54
Volume
14,090
Avg. Vol
82,855
52-wk High
$24.96
52-wk Low
$18.13

Latest Key Developments (Source: Significant Developments)

Brookfield And GGP Reach Agreement On BPY’S Acquisition Of GGP
Tuesday, 27 Mar 2018 

March 26 (Reuters) - Brookfield Property Partners LP ::BROOKFIELD AND GGP REACH AGREEMENT ON BPY’S ACQUISITION OF GGP.AGGREGATE CASH CONSIDERATION OF $9.25 BILLION​.TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO FFO/UNIT FOR BPY UNITHOLDERS.TRANSACTION INCLUDES A $1.85 BILLION INCREASE IN CASH CONSIDERATION, FROM $7.4 BILLION TO $9.25 BILLION.‍GGP SHAREHOLDERS WILL BE ENTITLED TO GET EITHER $23.50 IN CASH FOR EACH SHARE OR EITHER ONE BPY UNIT OR ONE SHARE OF A NEW BPY U.S. REIT SECURITY​.‍INCREASE IN CASH CONSIDERATION FROM $23.00 TO $23.50 PER GGP SHARE​.‍INCREASE IN EXCHANGE RATIO FROM 0.9656 TO 1.0000​.CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES AND ISSUE SHARES IN TRANSACTION​.CASH PORTION OF DEAL TO BE FUNDED WITH ABOUT $4 BILLION FROM JV EQUITY PARTNERS, & FINANCINGS FROM SYNDICATE OF LENDERS.DEAL INCLUDES CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES, ISSUE SHARES IN DEAL.‍CONSIDERATION IN DEAL WILL BE STRUCTURED AS A DIVIDEND BY GGP PAID IN CASH AND EQUITY AND MERGER CONSIDERATION PAID IN CASH​.‍BAM HAS INTENTION TO CONVERT ITS $500 MILLION BPY CLASS C JUNIOR PREFERRED SHARES INTO BPY UNITS AT $23.50 PER UNIT​.‍GGP SHAREHOLDERS WILL RECEIVE A Q2 DIVIDEND OF UP TO $0.22 PER SHARE​.SPECIAL COMMITTEE, COMPRISED OF NON-EXECUTIVE, INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDED GGP SHAREHOLDERS APPROVE DEAL.  Full Article

Brookfield Is Working To Restructure Bid For Mall Owner GGP- WSJ‍​
Saturday, 23 Dec 2017 

Dec 22 (Reuters) - :BROOKFIELD IS WORKING TO RESTRUCTURE BID FOR MALL OWNER GGP - WSJ, CITING PEOPLE FAMILIAR WITH THE MATTER ‍​.  Full Article

GGP Inc Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P.
Monday, 13 Nov 2017 

Nov 13 (Reuters) - GGP Inc :GGP Inc. Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P..GGP Inc - ‍board establishes special committee to evaluate Brookfield Property Partners' proposal ​.  Full Article

Brookfield Property Partners to move U.S. Stock exchange listing to Nasdaq
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Brookfield Property Partners LP :Brookfield Property Partners to move U.S. Stock exchange listing to Nasdaq.Brookfield Property Partners LP - ‍ move to list on Nasdaq expected to be effective on or about Nov 16, limited partnership units to trade under "BPY"​.  Full Article

Brookfield Property Partners reports qtrly FFO per unit $0.34​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Brookfield Property Partners Lp ::Brookfield property partners reports third quarter 2017 results.Brookfield property partners lp - qtrly ‍company ffo per unit $0.34​.Q3 FFO per share view $0.34 -- Thomson Reuters I/B/E/S.  Full Article

Brookfield property renews normal course issuer bid
Tuesday, 16 Aug 2016 

Brookfield Property Partners Lp : Brookfield Property Partners renews normal course issuer bid . Intention to renew its prior normal course issuer bid for a further one-year period .During 12 month period commencing Aug. 18, 2016 and ending Aug. 17, 2017, company may purchase up to 13.1 million LP units.  Full Article