Brookfield Property Preferred L.P. (NASDAQ:BPYPM) Declares Quarterly Dividend of $0.39

Brookfield Property Preferred L.P. (NASDAQ:BPYPM) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.3906 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Tuesday, September 1st.

Brookfield Property Preferred Stock Up 1.6%

Shares of Brookfield Property Preferred stock traded up $0.25 during trading on Thursday, hitting $16.12. 15,318 shares of the stock were exchanged, compared to its average volume of 23,624. The company has a fifty day moving average price of $16.23 and a 200-day moving average price of $16.28. Brookfield Property Preferred has a 1-year low of $15.00 and a 1-year high of $17.90.

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.