Author Topic: BPR - Brookfield Property REIT  (Read 6808 times)

saltybit

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Re: BPR - Brookfield Property REIT
« Reply #20 on: February 03, 2019, 09:54:18 AM »


CorpRaider

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Re: BPR - Brookfield Property REIT
« Reply #21 on: February 05, 2019, 09:40:56 AM »
Throw away line about the "expensive external management structure" is the critical factor for me.  That and cashiering/hard-balling the minority investors in GGP, but I guess they had an option to receive at least a portion in stock.
« Last Edit: February 05, 2019, 09:42:55 AM by CorpRaider »

saltybit

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Re: BPR - Brookfield Property REIT
« Reply #22 on: February 07, 2019, 01:32:35 PM »

saltybit

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Re: BPR - Brookfield Property REIT
« Reply #23 on: February 07, 2019, 01:59:03 PM »
In addition, the Partnership announced its intention to launch a Substantial Issuer Bid (“SIB”) to repurchase up to an aggregate of $500 million of BPY units and Class A shares of Brookfield Property REIT Inc. at a price of at least $19.00 per unit but not more than $21.00 per unit.

Does anyone know why there’s a price floor ($19) for the buyback. Isn’t it even better to buy back if it’s < $19?