Brookfield Property Partners L.P. (BPY) Reports Q2 FFO of $0.35
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Brookfield Property Partners Reports Second Quarter 2016 Results
August 5, 2016 6:58 AM EDTBROOKFIELD, NEWS -- (Marketwired) -- 08/05/16 -- Brookfield Property Partners L.P. (NYSE: BPY) (TSX: BPY.UN) ("the Partnership" or "BPY") today announced financial results for the quarter ended June 30, 2016.
"We continue to make good progress in recycling capital from mature, stabilized properties into higher-returning investments, with a further $1 billion of capital generated this quarter, bringing our year-to-date total to $1.5 billion," said Brian Kingston, chief executive officer. "We are already seeing the benefits of this active capital management, with our Company FFO per unit up 25% over last... More
