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

Brookfield Property Partners LP(NYSE:BPY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $1.28B. Analysts estimated a revenue of $1.22B. Earnings per share were $0.35.

Brookfield Property Partners LP (BPY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.64% or 0.15 points. Due to strong positive momentum, the stock ended at $23.59, which is also near the day’s high of $23.78. The stock began the session at $23.57 and the volume stood at 73,604 shares. The 52-week high of the shares is $24.98 and the 52 week low is $18.69. The company has a current market capitalization of $6,175 M and it has 26,17,70,000 shares in outstanding.

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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