Revenue Update on Brookfield Property Partners LP(NYSE:BPY)

Brookfield Property Partners LP(NYSE:BPY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $1.338B. Analysts estimated a revenue of $1.220B. The revenues were 9.67% above the estimates. Earnings per share were $0.38.

Brookfield Property Partners LP (BPY) shares turned negative on Tuesdays trading session with the shares closing down -0.15 points or -0.65% at a volume of 1,12,863. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.92. The peak price level was also seen at $22.92 while the days lowest was $22.67. Finally the shares closed at $22.82. The 52-week high of the shares is $24.98 while the 52-week low is $18.69. According to the latest information available, the market cap of the company is $5,971 M.

Brookfield Property Partners L.P. is a commercial property Company. The Company owns operates and invests in office retail multifamily and industrial assets. The Company’s operating segments include Office Retail Industrial Multifamily Hotels Triple Net Lease and Corporate. Triple Net Lease includes Capital Automotive Real Estate Services Inc. (CARS) which owns the real estate for more than 300 automotive dealerships across North America and leases it on a triple net lease basis. The office segment consists of interests in 244 office properties totaling 112 million square feet which are located primarily in commercial markets such as New York; London; Los Angeles; Washington D.C.; Sydney; Toronto; Houston; Calgary and Perth among others. The retail segment consists of 164 regional malls containing 154 million square feet in the United States and Brazil.

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