Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report)’s stock price was down 0.4% during mid-day trading on Wednesday . The company traded as low as $15.87 and last traded at $15.87. 11,674 shares were traded during mid-day trading, a decline of 51% from the average session volume of 23,682 shares. The stock had previously closed at $15.94.
Brookfield Property Preferred Stock Performance
The stock has a 50-day moving average price of $16.18 and a 200 day moving average price of $16.29.
Brookfield Property Preferred Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st will be paid a $0.3906 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.56 dividend on an annualized basis and a yield of 9.7%.
Brookfield Property Preferred Company Profile
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.
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