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Brookfield Property Reit Inc (BPR.OQ)

BPR.OQ on NASDAQ Stock Exchange Global Select Market

18.42USD
16 Nov 2018
Change (% chg)

$-0.05 (-0.27%)
Prev Close
$18.47
Open
$18.46
Day's High
$18.50
Day's Low
$18.22
Volume
378,448
Avg. Vol
--
52-wk High
$21.16
52-wk Low
$18.22

Latest Key Developments (Source: Significant Developments)

GGP Q2 Earnings Per Share $0.10
Tuesday, 31 Jul 2018 

July 31 (Reuters) - GGP Inc ::GGP REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.10.GGP - QTRLY COMPANY SAME STORE NOI WAS $573.9 MILLION, AS COMPARED TO $548.8 MILLION.QTRLY FFO PER SHARE $0.36.GGP - QTRLY NOI, AS ADJUSTED, WAS $579.0 MILLION, AS COMPARED TO $550.4 MILLION.  Full Article

GGP Stockholders Approve Proposed Acquisition Of GGP By Brookfield Property Partners
Thursday, 26 Jul 2018 

July 26 (Reuters) - GGP Inc ::GGP STOCKHOLDERS APPROVE PROPOSED ACQUISITION OF GGP BY BROOKFIELD PROPERTY PARTNERS.GGP STOCKHOLDERS APPROVE PROPOSED ACQUISITION OF GGP BY BROOKFIELD PROPERTY PARTNERS.GGP INC - GGP AND BPY EXPECT THAT TRANSACTIONS CONTEMPLATED BY MERGER AGREEMENT WILL BE COMPLETED BY END OF AUGUST OF THIS YEAR.  Full Article

GGP Announces That Both ISS And Glass Lewis Recommend For The Merger Proposal
Thursday, 19 Jul 2018 

July 19 (Reuters) - GGP Inc ::GGP INC. ANNOUNCES THAT BOTH ISS AND GLASS LEWIS RECOMMEND FOR THE MERGER PROPOSAL AND FOR THE RELATED CHARTER AND BYLAWS PROPOSALS.GGP INC - ISS & GLASS, LEWIS & CO BOTH RECOMMENDED GGP STOCKHOLDERS VOTE "FOR" MERGER PROPOSAL, "FOR" RELATED CHARTER AND BYLAWS PROPOSALS.  Full Article

Brookfield And GGP Reach Agreement On BPY’S Acquisition Of GGP
Monday, 26 Mar 2018 

March 26 (Reuters) - Brookfield Property Partners LP ::BROOKFIELD AND GGP REACH AGREEMENT ON BPY’S ACQUISITION OF GGP.AGGREGATE CASH CONSIDERATION OF $9.25 BILLION​.TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO FFO/UNIT FOR BPY UNITHOLDERS.TRANSACTION INCLUDES A $1.85 BILLION INCREASE IN CASH CONSIDERATION, FROM $7.4 BILLION TO $9.25 BILLION.‍GGP SHAREHOLDERS WILL BE ENTITLED TO GET EITHER $23.50 IN CASH FOR EACH SHARE OR EITHER ONE BPY UNIT OR ONE SHARE OF A NEW BPY U.S. REIT SECURITY​.‍INCREASE IN CASH CONSIDERATION FROM $23.00 TO $23.50 PER GGP SHARE​.‍INCREASE IN EXCHANGE RATIO FROM 0.9656 TO 1.0000​.CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES AND ISSUE SHARES IN TRANSACTION​.CASH PORTION OF DEAL TO BE FUNDED WITH ABOUT $4 BILLION FROM JV EQUITY PARTNERS, & FINANCINGS FROM SYNDICATE OF LENDERS.DEAL INCLUDES CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES, ISSUE SHARES IN DEAL.‍CONSIDERATION IN DEAL WILL BE STRUCTURED AS A DIVIDEND BY GGP PAID IN CASH AND EQUITY AND MERGER CONSIDERATION PAID IN CASH​.‍BAM HAS INTENTION TO CONVERT ITS $500 MILLION BPY CLASS C JUNIOR PREFERRED SHARES INTO BPY UNITS AT $23.50 PER UNIT​.‍GGP SHAREHOLDERS WILL RECEIVE A Q2 DIVIDEND OF UP TO $0.22 PER SHARE​.SPECIAL COMMITTEE, COMPRISED OF NON-EXECUTIVE, INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDED GGP SHAREHOLDERS APPROVE DEAL.  Full Article

GGP Inc Says Appointed Heath Fear As CFO, Effective January 2, 2018
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Ggp Inc ::GGP INC SAYS ON DEC 28, APPOINTED HEATH FEAR AS CO'S CFO, EFFECTIVE JANUARY 2, 2018, TO SUCCEED MICHAEL BERMAN - SEC FILING.  Full Article

Brookfield Is Working To Restructure Bid For Mall Owner GGP- WSJ‍​
Friday, 22 Dec 2017 

Dec 22 (Reuters) - :BROOKFIELD IS WORKING TO RESTRUCTURE BID FOR MALL OWNER GGP - WSJ, CITING PEOPLE FAMILIAR WITH THE MATTER ‍​.  Full Article

GGP Inc Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P.
Monday, 13 Nov 2017 

Nov 13 (Reuters) - GGP Inc :GGP Inc. Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P..GGP Inc - ‍board establishes special committee to evaluate Brookfield Property Partners' proposal ​.  Full Article

Brookfield is holding preliminary talks about GGP takeover - CNBC citing Bloomberg
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - :Brookfield is holding preliminary talks about GGP takeover - CNBC citing Bloomberg.  Full Article

GGP reports Q3 earnings per share $0.23 and declares fourth quarter dividend
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - GGP Inc :GGP reports third quarter 2017 results and declares fourth quarter dividend.Q3 earnings per share $0.23.Q3 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.GGP Inc - qtrly total revenues $578.4 million versus $554.5 million ‍​.Q3 revenue view $549.4 million -- Thomson Reuters I/B/E/S.GGP Inc - qtrly FFO per share $0.37‍​.Q3 FFO per share view $0.37 -- Thomson Reuters I/B/E/S.GGP Inc - sees ‍Q4 net income attributable to GGP $0.21 to $0.23​.GGP Inc - sees ‍Q4 FFO per diluted share $0.46 to $0.48​.  Full Article

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Many U.S. mall owners say good riddance to Sears

NEW YORK The real estate investment trusts that own the malls and shopping centres where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.