BPR - Brookfield Property Partners: Preferred Units IPO In The REIT Sector

Introduction

In this article, we want to shed some light on the new Preferred Units issued by Brookfield Property Partners (BPY).

Our main goal is to acquaint market participants with the product and see how it holds up against its peer group while maintaining a relatively neutral stance in terms of investment recommendations along the way.

The New Issue

Before we submerge into our brief analysis, here is a link to the 424B5 Filing by Brookfield Property Partners L.P.- the prospectus.

Source: SEC.gov

For a total of 6.4M units issued, the total

Read more ...