Brookfield Property: Brothers In Arms, Arbitrage In Peace, Rinse And Repeat [Seeking Alpha]
BROOKFIELD PROPERTY REIT INC CL A COMMON (BPR)
Company Research
Source: Seeking Alpha
| Financials Brookfield Property: Brothers In Arms, Arbitrage In Peace, Rinse And Repeat Jan. 24, 2020 11:59 AM ET About: Brookfield Property REIT Inc. (BPR) BPY Includes: BAM by: The Fortune Teller Macro and Micro, Value and Growth, long/short equity, Income (DGI, Bonds, Pref.'s) Marketplace Wheel of Fortune Summary In-spite of some legal differences, BPY and BPR are essentially identical entities, especially from an economical/valuation perspective. As such, they suppose to trade very closely to each other, especially when even the quarterly distribution is currently identical. However, if they don't, and if the gap is wide enough - just as happened last week - you bump into a rare arbitrage opportunity. Arbitrage is the market equivalent of a "free lunch", and just like a pink dolphin - when you see one you press on the button, without asking (too many) questions. It took only 27 days for this trade to generate a 1.61% return, or 24.26% in annualized terms, before employing any lev
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