Brookfield Property Partners (BPY) has a strong Development Pipeline that will bring online cash generating assets between 2017 and 2022 that should meaningfully contribute to cash flow growth. The key factor is that this growth is funded organically with retained cash generated from existing assets and through cash proceeds from capital recycling and no new units are being issues. More than 10 million square feet of office and multifamily projects currently in development and include the following:
- Manhattan West, New York City
- Bay Adelaide North, Toronto
- 100 Bishopsgate. London
- Brookfield Place Calgary
- London Wall Place
- ICD Brookfield Place Dubai
- 655 New York AvenueWashington, D.C.
- Canary Wharf's New District, London
- Wynyard Place
- Greenpoint Landing, Brooklyn, New York
- Principal Place London
BPY trading at $23.50 per unit and at a 5% distribution yield should produce strong risk adjusted returns over the next 10 years.
No comments:
Post a Comment