I just substantially boosted my position in Brookfield Property Partners (BPY) and its economic equivalent Brookfield Property REIT (BPR) for the following reasons:
- Strong performance momentum
- Diversified and differentiated business model
- Strong growth prospects
- Compelling valuation
In the remainder of this article, I will discuss each of these reasons in more detail while also reminding readers of some of the main risks involved in this investment.
#1 Strong Performance Momentum
Management reported that Q1 FFO and realized gains per unit came in at 38 cents, flat year-over-year. The company saw strong