Brookfield Property REIT Inc. (NASDAQ: BPYU) was founded in 2010 and is headquartered in Chicago, Illinois. It is a subsidiary of Brookfield Property Partners (NASDAQ: BPY, TSX: BPY.UN), which is one of the world’s largest real estate companies 1. Total assets are approximately 87 billion US dollars.
Brookfield Property REIT Inc. (BPYU):
BPYU was created as publicly traded securities to provide economic equivalence for BPY investments in the form of US REIT stocks.
Brookfield Property REIT (BPYU) is a subsidiary of BPY , which aims to provide investors with economic equivalence with BPY units, but in the form of US REIT securities. The dividend of BPYU shares is the same as the dividend distribution of BPY units in amount and time. BPYU shares can be exchanged for BPY units or their cash equivalents at a ratio of 1:1.