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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Brookfield Property Partners L.P.    BPY   BMG162491077

BROOKFIELD PROPERTY PARTNERS L.P.

(BPY)
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Delayed Quote. Delayed Nasdaq - 12/02 04:00:01 pm
15.14 USD   -0.92%
11/16Quebec to ban sale of new gasoline-powered cars from 2035
RE
11/10J.C. Penney rescue deal approved in bankruptcy court
RE
10/15J.C. PENNEY SALE TALKS STALL : Bloomberg News
RE
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J.C. Penney sale talks stall: Bloomberg News

10/15/2020 | 04:33pm EST
FILE PHOTO: The sign outside the J.C. Penney store is seen in Westminster

(Reuters) - Talks between J.C. Penney Co's lenders and the would-be buyers, Simon Property Group Inc and Brookfield Property Partners LP, broke down in recent days, Bloomberg News reported on Thursday, citing people with knowledge of the negotiations.

Simon Property and Brookfield Property, which are also the retailer's two biggest landlords, missed several deal deadlines as communication between the parties lapsed, according to the report.

The two sides may turn to mediation to help them determine if they can complete the deal, and on what terms, Bloomberg reported.

Creditors say J.C. Penney's original sale plan called for the deal to close around Oct. 3, Bloomberg reported, citing a regulatory filing.

J.C. Penney declined to comment, while the two mall owners did not immediately respond to Reuters' requests for comment.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Anil D'Silva)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BROOKFIELD PROPERTY PARTNERS L.P. -0.92% 15.14 Delayed Quote.-17.18%
J. C. PENNEY COMPANY, INC. 2.78% 0.12385 Delayed Quote.-89.24%
SIMON PROPERTY GROUP, INC 2.66% 87.25 Delayed Quote.-42.94%
All news about BROOKFIELD PROPERTY PARTNERS L.P.
11/16Quebec to ban sale of new gasoline-powered cars from 2035
RE
11/10J.C. Penney rescue deal approved in bankruptcy court
RE
10/15J.C. PENNEY SALE TALKS STALL : Bloomberg News
RE
09/29U.S. Retail Bankruptcies, Store Closures Hit Record in First Half -- Update
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09/10Mall Owners To Buy Penney -- WSJ
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09/09Mall Owners Simon and Brookfield to Rescue J.C. Penney -- Update
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09/09Landlords Strike Deal to Acquire Bankrupt J.C. Penney
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09/09J C PENNEY : reaches tentative rescue deal, averting liquidation
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09/05IKEA's shopping centers arm buys San Francisco mall in its first US real esta..
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08/31Consumer Cos Flat As California Covid Case Growth Slows -- Consumer Roundup
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More news
Financials (USD)
Sales 2020 - - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 8,78%
Capitalization 6 560 M 6 560 M -
Capi. / Sales 2020 -
Capi. / Sales 2021 -
Nbr of Employees 22 000
Free-Float 46,0%
Chart BROOKFIELD PROPERTY PARTNERS L.P.
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Brookfield Property Partners L.P. Technical Analysis Chart | MarketScreener
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Technical analysis trends BROOKFIELD PROPERTY PARTNERS L.P.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 16,30 $
Last Close Price 15,14 $
Spread / Highest target 18,9%
Spread / Average Target 7,66%
Spread / Lowest Target -20,7%
Managers
NameTitle
Brian William Kingston Chief Executive Officer
Richard Byron Clark Chairman
Bryan Kenneth Davis Chief Financial Officer
Omar Carneiro da Cunha Sobrinho Independent Director
Stephen DeNardo Independent Director