2024-01-25 09:25:42 ET
Summary
- Brookfield Corporation's real estate assets, when combined with its publicly held stakes in other entities, exceed the equity value of BN/BNRE.A.
- The upside could be material if BN/BNRE.A's IFRS book values turn out to be accurate.
- We explore whether BPY preferreds could be a backdoor plays for BN/BNRE.A's real estate.
We have previously covered the Brookfield Property Partners L.P. Preferred shares:
1) Brookfield Property Partners L.P. 6.50 PF UNIT (BPYPP)...
Read the full article on Seeking Alpha
For further details see:
BPY Preferreds: A Backdoor Play On Brookfield Real Estate?