Is Brookfield Property Partners Stock a Buy?
Brookfield Property Partners (NASDAQ: BPY) is a unique real estate investment in many ways. However, it has material exposure to malls, one of the hardest-hit segments of the market right now in the wake of efforts to slow the spread of the coronavirus pandemic. The headwinds facing this real estate niche have been material for years, and then COVID-19 pushed the industry-wide stress even higher.
With its limited partnership units trading down nearly 42% this year, is this trading entity that provides dividend yields around 15% worth the risk? Here are five considerations you need to account for when deciding if this is the right investment to add to your portfolio.
Brookfield Property Partners is a master limited partnership (MLP) that owns real estate and is run by Brookfield Asset Management (NYSE: BAM). The first thing to note is that the partnership structure is not the normal one investors are used to in the publicly traded real estate space. There are tax considerations to this corporate form, including having to deal with a K1 at tax time, among others.
Source Fool.com
