Company Earnings Update 3 minutesRegister for Free AccessBrookfield Property Partners (NASDAQ: BPY) 2Q19 Results: Revenue Increases, FFO Beats Estimates Coresight Research August 8, 2019 Executive Summary Brookfield reported 2Q19 FFO per unit of $0.38, up 5.6%, beating the consensus estimate of $0.36. Net income was $0.12 per unit, down 82%. Core retail reached a 95% occupancy rate. The company expects the rate to increase through the remainder of the year to 96%. NOI-weighted sales per square foot were $777, up 5.2% year over year. During the quarter, the company completed $326 million of gross asset dispositions, at prices 9% higher than their International Financial Reporting Standards (IFRS) value. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: RetailTech Bites: What US Consumers Think About Retail Technologies—Electronic Shelf Labels, Facial-Recognition Software, GenAIThree Data Points We’re Watching This WeekUS Consumer Tracker: Conflicting Trends in Behavior, Plus an Early Look at Memorial Day PlansDay Three at NRF 2024: Retail’s Big Show—Lessons from Macy’s, Shein, Temu and More
