Brookfield Property Preferred (NASDAQ:BPYPM) Shares Up 0.3% – What’s Next?

Brookfield Property Preferred L.P. (NASDAQ:BPYPM) shares were up 0.3% during trading on Monday . The company traded as high as $15.87 and last traded at $15.85. Approximately 8,193 shares were traded during trading, a decline of 58% from the average daily volume of 19,462 shares. The stock had previously closed at $15.81.

Brookfield Property Preferred Stock Performance

The stock’s fifty day simple moving average is $15.61 and its 200-day simple moving average is $15.74.

Brookfield Property Preferred Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 9.9%. The ex-dividend date is Friday, February 27th.

About Brookfield Property Preferred

Brookfield Property Preferred (NASDAQ:BPYPM) represents the Series M cumulative redeemable preferred units of Brookfield Property Partners L.P., a publicly traded real estate investment platform and subsidiary of Brookfield Asset Management. These preferred units confer a fixed quarterly dividend and hold priority over common equity distributions, offering investors a stable income profile backed by a diversified real estate portfolio.

Brookfield Property Partners acquires, develops, manages and renovates commercial real estate assets across a range of sectors, including office, retail, multifamily, industrial logistics, hospitality and data centers.