Brookfield Property Partners' Preferred Units, Series 1 Yield Pushes Past 7%
February 16, 2021 at 15:34 PM EST
In trading on Tuesday, shares of Brookfield Property Partners LP's 6.50% Class A Cumulative Redeemable Perpetual Preferred Units, Series 1 (BPYPP) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $22.92 on the day. This compares to an average yield of 6.85% in the "Real Estate" preferred stock category, according to Preferred Stock Channel..
