This article was coproduced with Investing With Confidence.
Brookfield Property (BPYU) (BPY) is a financially complex, many-tentacled enterprise, with several investment classes. Nominally based in Bermuda, it’s a puppet whose strings are pulled by its parent company, Brookfield Asset Management (BAM).
The sprawling Brookfield Property real estate empire has its gross assets (mostly) equally distributed between its three operating sectors:
- Core office
- Core retail
- A wide array of limited partnerships (LPS).
Source: Brookfield Property annual report.
The 136 upscale properties in its core office portfolio