BPY - Brookfield Property Partners Q1 earnings helped by investment gains

Brookfield Property Partners (BPY) Q1 company FFO and realized gains per unit of 32 cents per share exceeds the Visible Alpha consensus of 20 cents.The per-unit figure increased from 30 cents in Q4 2020 and slipped from 33 cents in Q1 2020.Recall that Brookfield Asset Management agreed last month to acquire all the limited partnership units of BPY that it doesn't already own for ~$6.5B. That deal is expected to close in Q3.LP investments generated CFFO and realized gains of $188M vs. $76M a year ago,Q1 core office business generated company FFO of $140M, up from $135M in the year-ago period.Core retail business generating CFFO of $108M vs. $195M a year ago, with the year-ago period benefiting from $30M in transaction income from the sale of investment positions and this year's quarter hurt by lower occupancy.Completed $1.1B of gross asset dispositions at BPY's share, generating ~$244M in net proceeds to BPY.Q1

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Brookfield Property Partners Q1 earnings helped by investment gains