Brookfield Property Partners L.P.
BPY-UN.TO
Toronto Stock Exchange23.29
CAD
-0.15
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Brookfield Property Partners L.P.
BPY-UN.TO
(Toronto Stock Exchange)
Recent
price
23.29
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Brookfield Property Partners L.P. (BPY-UN.TO) is a global real estate investment partnership that owns, operates and develops premier commercial properties with a diversified portfolio encompassing office, retail, multifamily, logistics, hospitality, triple net lease, manufactured housing, student housing and other alternative real estate sectors; its core office segment includes 68 million leasable square feet across 117 assets in gateway markets such as New York, London, Dubai, Toronto and Berlin, while the retail segment features 100 million leasable square feet in 97 best-in-class malls and urban centers primarily across the United States, supplemented by limited partnership interests in Brookfield-sponsored opportunistic real estate funds like Brookfield Strategic Real Estate Partners (BSREP) I-IV targeting 20% gross returns, value-add multifamily funds aiming for 25% returns and real estate debt strategies. Founded in 2013 and headquartered in Hamilton, Bermuda, the partnership operates principally in North America, Europe, Australia, Brazil, the United Kingdom, Asia and the Middle East, generating approximately 65% of 2023 revenues from the United States with the balance from other regions; it holds a 36% managing general partnership interest in Brookfield Property L.P., its primary operating entity, and maintains a wholly owned subsidiary relationship with parent Brookfield Corporation following its 2021 privatization. Recent developments include the deconsolidation of Brookfield India Real Estate Trust in March 2025 after selling a partial interest for $102 million net proceeds, with the retained stake now under equity accounting; multiple opportunistic fund acquisitions such as two European logistics portfolios for $791 million and U.S. multifamily, student housing and single-family rental portfolios totaling over $2.7 billion in late 2024 and early 2025; and dispositions like five U.S./U.K. office and retail assets for $506 million in Q2 2025, alongside ongoing sales of manufactured housing communities and logistics assets to recycle capital.