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Brookfield Property REIT

Nasdaq:BPRA.P
Snowflake Description

Slightly overvalued unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BPRA.P
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Brookfield Property REIT Inc. (“BPR”) is a subsidiary of Brookfield Property Partners L.P. The last earnings update was 14 days ago. More info.


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BPRA.P Share Price and Events
7 Day Returns
0.1%
NasdaqGS:BPRA.P
1.4%
US REITs
0.5%
US Market
1 Year Returns
8.8%
NasdaqGS:BPRA.P
15.7%
US REITs
16.1%
US Market
BPRA.P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brookfield Property REIT (BPRA.P) 0.1% -0.4% -0.2% 8.8% - -
US REITs 1.4% -2.3% 1.9% 15.7% 22.8% 23.5%
US Market 0.5% 3.9% 6.6% 16.1% 37.7% 43.7%
1 Year Return vs Industry and Market
  • BPRA.P underperformed the REITs industry which returned 15.7% over the past year.
  • BPRA.P underperformed the Market in United States of America which returned 16.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Brookfield Property REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brookfield Property REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brookfield Property REIT.

NasdaqGS:BPRA.P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 0 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BPRA.P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.468 (1 + (1- 21%) (1183.69%))
0.622
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:BPRA.P using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

NasdaqGS:BPRA.P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqGS:BPRA.P represents 1.32168x of NasdaqGS:BPR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.32168x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 264.49 x 1.32168
$349.57
Value per share (USD) From above. $349.57
Current discount Discount to share price of $25.35
= -1 x ($25.35 - $349.57) / $349.57
92.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Brookfield Property REIT is available for.
Intrinsic value
>50%
Share price is $25.35 vs Future cash flow value of $349.57
Current Discount Checks
For Brookfield Property REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brookfield Property REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brookfield Property REIT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brookfield Property REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brookfield Property REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BPRA.P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.13
NasdaqGS:BPR Share Price ** NasdaqGS (2019-11-21) in USD $19.18
United States of America REITs Industry PE Ratio Median Figure of 144 Publicly-Listed REITs Companies 38.55x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brookfield Property REIT.

NasdaqGS:BPRA.P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BPR Share Price ÷ EPS (both in USD)

= 19.18 ÷ 0.13

143.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookfield Property REIT is overvalued based on earnings compared to the US REITs industry average.
  • Brookfield Property REIT is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Brookfield Property REIT's expected growth come at a high price?
Raw Data
NasdaqGS:BPRA.P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 143.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America REITs Industry PEG Ratio Median Figure of 133 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,043 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Brookfield Property REIT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Brookfield Property REIT's assets?
Raw Data
NasdaqGS:BPRA.P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $8.89
NasdaqGS:BPR Share Price * NasdaqGS (2019-11-21) in USD $19.18
United States of America REITs Industry PB Ratio Median Figure of 183 Publicly-Listed REITs Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.75x
NasdaqGS:BPRA.P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BPR Share Price ÷ Book Value per Share (both in USD)

= 19.18 ÷ 8.89

2.16x

* Primary Listing of Brookfield Property REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookfield Property REIT is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Brookfield Property REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Brookfield Property REIT has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Brookfield Property REIT expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Brookfield Property REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brookfield Property REIT expected to grow at an attractive rate?
  • Unable to compare Brookfield Property REIT's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Brookfield Property REIT's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Brookfield Property REIT's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BPRA.P Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BPRA.P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BPRA.P Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGS:BPRA.P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,566 349 9
2019-06-30 1,698 148 3,725
2019-03-31 1,938 329 4,046
2018-12-31 2,168 585 4,079
2018-09-30 2,435 845 4,027
2018-06-30 2,531 1,350 566
2018-03-31 2,524 1,328 598
2017-12-31 2,525 1,295 641
2017-09-30 2,548 1,250 676
2017-06-30 2,523 1,072 1,128
2017-03-31 2,549 1,130 1,188
2016-12-31 2,611 1,136 1,272

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Brookfield Property REIT is high growth as no earnings estimate data is available.
  • Unable to determine if Brookfield Property REIT is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BPRA.P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Brookfield Property REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BPRA.P Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGS:BPRA.P Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.13
2019-06-30 47.67
2019-03-31 41.36
2018-12-31 37.39
2018-09-30 27.30
2018-06-30 0.61
2018-03-31 0.65
2017-12-31 0.71
2017-09-30 0.77
2017-06-30 1.28
2017-03-31 1.34
2016-12-31 1.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Brookfield Property REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of BPRA.P’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Brookfield Property REIT's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Brookfield Property REIT's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Brookfield Property REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brookfield Property REIT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Brookfield Property REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brookfield Property REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brookfield Property REIT has delivered over 20% year on year earnings growth in the past 5 years.
  • Brookfield Property REIT's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Brookfield Property REIT's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Brookfield Property REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brookfield Property REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BPRA.P Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,566.37 8.68 30.41
2019-06-30 1,698.09 3,725.37 45.78
2019-03-31 1,937.94 4,046.20 55.55
2018-12-31 2,167.80 4,078.59 66.33
2018-09-30 2,434.77 4,026.52 75.72
2018-06-30 2,531.29 566.03 70.38
2018-03-31 2,523.99 598.28 74.69
2017-12-31 2,524.66 641.40 77.88
2017-09-30 2,547.73 676.33 79.44
2017-06-30 2,522.52 1,127.73 79.56
2017-03-31 2,549.15 1,187.81 78.34
2016-12-31 2,611.13 1,272.43 76.94
2016-09-30 2,555.42 1,230.01 78.04
2016-06-30 2,567.96 679.68 80.50
2016-03-31 2,551.11 915.68 78.79
2015-12-31 2,501.04 1,358.62 80.44
2015-09-30 2,542.63 1,375.83 79.46
2015-06-30 2,582.86 1,317.77 79.23
2015-03-31 2,615.87 947.70 79.90
2014-12-31 2,631.86 368.03 78.91
2014-09-30 2,609.17 258.13 79.32
2014-06-30 2,593.39 221.83 78.35
2014-03-31 2,574.90 382.23 79.74
2013-12-31 2,598.94 300.07 80.78
2013-09-30 2,604.40 174.85 76.30
2013-06-30 2,616.39 -0.02 78.05
2013-03-31 2,622.26 -316.75 76.18
2012-12-31 2,519.77 -436.69 75.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brookfield Property REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brookfield Property REIT used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Brookfield Property REIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brookfield Property REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brookfield Property REIT has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Brookfield Property REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brookfield Property REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brookfield Property REIT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Brookfield Property REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Brookfield Property REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brookfield Property REIT Company Filings, last reported 1 month ago.

NasdaqGS:BPRA.P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,319.47 14,513.40 189.21
2019-06-30 2,122.36 14,049.55 199.86
2019-03-31 2,240.27 13,704.63 200.79
2018-12-31 2,849.12 12,795.85 247.02
2018-09-30 1,854.12 13,218.93 260.72
2018-06-30 8,857.40 13,053.84 194.68
2018-03-31 8,981.12 13,134.68 178.21
2017-12-31 9,148.53 13,038.66 164.60
2017-09-30 8,615.52 13,700.07 311.11
2017-06-30 8,753.34 12,702.32 227.63
2017-03-31 8,831.02 12,773.86 252.72
2016-12-31 8,963.46 12,636.62 474.76
2016-09-30 9,175.25 12,666.23 656.77
2016-06-30 8,658.72 13,920.93 226.28
2016-03-31 8,605.29 14,074.42 193.10
2015-12-31 8,595.92 14,422.36 356.90
2015-09-30 8,564.07 14,221.75 160.67
2015-06-30 8,690.01 13,962.61 175.39
2015-03-31 8,473.46 13,969.23 173.27
2014-12-31 7,984.82 16,150.39 372.47
2014-09-30 7,839.25 16,104.29 279.58
2014-06-30 7,912.57 16,115.42 242.01
2014-03-31 7,862.36 16,207.26 403.13
2013-12-31 8,414.17 15,878.64 577.27
2013-09-30 8,499.50 15,769.83 603.52
2013-06-30 9,055.68 15,670.13 704.92
2013-03-31 9,015.28 16,441.57 564.81
2012-12-31 7,973.24 16,173.07 624.82
  • Brookfield Property REIT's level of debt (625.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (205.4% vs 625.7% today).
  • Debt is not well covered by operating cash flow (2.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Brookfield Property REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brookfield Property REIT has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Brookfield Property REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.88%
Current annual income from Brookfield Property REIT dividends.
If you bought $2,000 of Brookfield Property REIT shares you are expected to receive $138 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Brookfield Property REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Brookfield Property REIT's dividend is above the markets top 25% of dividend payers in United States of America (3.65%).
Upcoming dividend payment

Purchase Brookfield Property REIT before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BPRA.P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 175 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1954 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BPRA.P Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGS:BPRA.P Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-06 1.320 6.892
2019-08-02 1.320 6.835
2019-05-06 1.320 6.874
2019-02-07 1.320 6.500
2018-11-01 1.260 7.233

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Brookfield Property REIT has stable dividend payments.
  • Brookfield Property REIT only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Brookfield Property REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Brookfield Property REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brookfield Property REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brookfield Property REIT has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Brookfield Property REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Kingston
COMPENSATION $200,000
AGE 45
TENURE AS CEO 1.3 years
CEO Bio

Mr. Brian W. Kingston is the Chief Executive Officer of Brookfield Property Group LLC since August 28, 2018. Mr. Kingston has been the President and Global Chief Investment Officer at Brookfield Property Group LLC since January 1, 2013 and also serves as its Chief Executive Officer. Mr. Kingston has been the Chief Executive Officer and Senior Managing Partner at Brookfield Property Partners Limited, the General partner of Brookfield Property Partners L. P. since November 2015; and served as its Chief Investment Officer and President until November 5, 2015. He serves as Managing Partner at Brookfield Asset Management Inc. and served as its Senior Managing Partner since 2007. Mr. Kingston serves as Chief Executive Officer of Real Estate at Brookfield Asset Management Inc. Mr. Kingston has been Chief Executive Officer of Australian Commercial Operations and President of Australian Commercial Operations at Brookfield Canada Office Properties since February 2011. Previously, he served as the Chief Executive Officer and Managing Director at Prime Infrastructure Group and Prime Infrastructure Holdings Ltd. since March 2010. Before that, Mr. Kingston served as Chief Financial Officer at Brookfield Australia Investments Group since March 31, 2008 and also served as its Director since March 31, 2008. He has been a Director since 2013 and previously served as the Chief Executive Officer and President at Australian Commercial Operations at Brookfield Office Properties Inc. from January 2011 to January 1, 2013. Mr. Kingston also serves as an Executive Director of BHCA Pty Limited. He serves as a Director of Multiplex Limited. Mr. Kingston has been a Director of Canary Wharf Group Investment Holdings plc since March 18, 2015. He served as a Director of GGP Inc. since August 22, 2013 until August 28, 2018. Mr. Kingston has been a Director of Rouse Properties, Inc. since May 3, 2013. He has been a Director of China Xintiandi Co., Ltd. since February 17, 2014. Before that, Mr. Kingston served as the Chairman and Director of Prime Infrastructure Networks Limited from March 29, 2010 to December 31, 2012. Previously, he served as a Non-Executive Director of Prime Infrastructure RE Limited. Before that, Mr. Kingston served as an Executive Director at Brookfield Capital Management Limited from August 27, 2008 to March 17, 2010. Prior to that, he served as an Executive Director of Brookfield Multiplex Funds Management Limited from March 31, 2008 to March 17, 2010. Mr. Kingston has over 15 years of real estate experience. He is a Chartered Accountant. Mr. Kingston received a Bachelor's Degree in Commerce from Queen's University.

CEO Compensation
  • Brian's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Brian's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Ric Clark

TITLE
Chairman & Senior Managing Partner
COMPENSATION
$200K
AGE
61

Brian Kingston

TITLE
Chief Executive Officer of Brookfield Property Group LLC
COMPENSATION
$200K
AGE
45
TENURE
1.3 yrs

Bryan Davis

TITLE
Chief Financial Officer of Brookfield Property Group LLC
AGE
46
TENURE
1.3 yrs

Michelle Campbell

TITLE
Secretary
AGE
47
Board of Directors Tenure

Average tenure and age of the Brookfield Property REIT board of directors in years:

1.3
Average Tenure
66
Average Age
  • The average tenure for the Brookfield Property REIT board of directors is less than 3 years, this suggests a new board.
Board of Directors

Omar Da Cunha

TITLE
Independent Director
COMPENSATION
$14K
AGE
72
TENURE
1.3 yrs

Ric Clark

TITLE
Chairman & Senior Managing Partner
COMPENSATION
$200K
AGE
61
TENURE
1.3 yrs

Stephen DeNardo

TITLE
Independent Director
COMPENSATION
$14K
AGE
66
TENURE
1.3 yrs

Lars Eric Rodert

TITLE
Lead Independent Director
COMPENSATION
$14K
AGE
58

Jeff Blidner

TITLE
Director
AGE
71
TENURE
1.3 yrs

Soon Young Chang

TITLE
Director
COMPENSATION
$14K
AGE
59
TENURE
1.3 yrs

Lou Maroun

TITLE
Independent Director
COMPENSATION
$14K
AGE
69
TENURE
1.3 yrs

Scott Cutler

TITLE
Independent Director
AGE
49
TENURE
0.8 yrs

Caroline Atkinson

TITLE
Independent Director
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Brookfield Property REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brookfield Property REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Brookfield Property REIT Inc. (“BPR”) is a subsidiary of Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) (“BPY”), one of the world’s largest commercial real estate companies, with over $85 billion in total assets. BPR was created as a public security that is intended to offer economic equivalence to an investment in BPY in the form of a U.S. REIT stock.

Details
Name: Brookfield Property REIT Inc.
BPRA.P
Exchange: NasdaqGS
Founded: 2018
$1,232,589,005
64,264,286
Website: http://www.bpy.brookfield.com/en/bpr
Address: Brookfield Property REIT Inc.
250 Vesey Street,
15th Floor,
New York,
New York, 10281,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BPR Class A shares Nasdaq Global Select US USD 28. Aug 2018
NasdaqGS BPRA.P 6.375% PFD A Nasdaq Global Select US USD 29. Aug 2018
Number of employees
Current staff
Staff numbers
1,700
Brookfield Property REIT employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/22 01:12
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2018/02/07
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.