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home / news releases / BPYU - REITs Rally Despite Mounting Dividend Cuts


BPYU - REITs Rally Despite Mounting Dividend Cuts

Real Estate Weekly Outlook

The rebound continued for U.S. equity markets this week despite another brutal week of unemployment data that showed that more than 33 million Americans - a fifth of the workforce - have filed for unemployment claims in the last seven weeks as the coronavirus-related shutdowns continue to inflict a devastating - but hopefully temporary - impact on the American economy. Investors are wagering that WWII-levels of fiscal spending combined with unprecedented levels of monetary support can help to offset the economic pain from the coronavirus shutdowns amid discussions over another round

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Stock Information

Company Name: Brookfield Property REIT Inc.
Stock Symbol: BPYU
Market: NASDAQ
Website: bpy.brookfield.com

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