Recent Purchase: Brookfield Property Partners

My first purchase of 2018 is Brookfield Property Partners (TSX: BPY.UN). Just as planned in my previous post, I wrote about two stock picks and I chose BPY. At this point BPY offers a better valuation compared to Plaza REIT. With fresh capital and monthly dividends, I had enough money to buy 36 shares for $26.75 per share. 

My position in BPY is not full yet. Eventually I would like to have about 150 shares of this company. By the way, Brookfield is the owner of the luxury resort in Bahamas, Atlantis Paradise Island.

Let me know if you own stock in this company and what you think about it. Please share your January purchase. I'm always interested to see what other investors buy. Take care!

8 comments:

  1. Nice buy. Think, it is a good way to get in to the hot real estate market. How frequent they pay dividends?

    ReplyDelete
    Replies
    1. The payouts are quarterly. By the way, I added you to my blogroll. Looking forward to your progress in 2018. I'm also planning on maximizing my TFSA account. Take care!

      Delete
  2. Sounds like a good buy - nice 4.5% yield and price has fallen a few dollars over the last couple of months. Any shareholder discounts for staying at that luxury resort in Bahamas?!

    ReplyDelete
    Replies
    1. I only own 69 shares of BPY. I don't think I will get any discounts. The yield looks a lot more attractive now. Since the price has fallen, I was able to buy 3 more shares for the same amount of cash.

      Delete
  3. Nice buy. REITs provide a good diversification to overall portfolio. I don't own much of REITs as they are very inefficient in my taxable account.

    ReplyDelete
    Replies
    1. Thanks! I agree that REITs are better for TFSA or RRSP for tax efficiencies. Which REITs do you own?

      Delete
  4. Nice buy I like the yield. I have been looking at this stock as well. Thanks for sharing with us.

    ReplyDelete
    Replies
    1. Thank you for the support of this one!

      Delete