Brookfield Property Partners L. BPYPN

Competitive advantage analysis · real-estate

Corporate Default
Overall moat score
64/100
Moderate

About Brookfield Property Partners L.

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the world's premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world's major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, triple net lease, manufactured housing and student housing. … Full BPYPN analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 54.5% (top 22%) and operating margin at 38.2% (top 2%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.83), demonstrating pricing resilience across cycles.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.12), raising questions about short-term obligations.
  • Weak or Negative Cash Flow Cash generation is weak (score 0.37), limiting financial flexibility.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
86

Where BPYPN ranks in Real Estate Services

Brookfield Property Partners L. ranks #11 of 51 scored companies in Real Estate Services by moat score — the top 22%. The widest moat in the group is New England Realty Associates L (NEN) at 79/100.

Moat scores for companies ranked near BPYPN in Real Estate Services
# Company Moat score Rating
7 The RMR Group Inc. RMR 69/100 Moderate
8 CBRE Group Inc CBRE 69/100 Moderate
9 Colliers International Group In CIGI 67/100 Moderate
10 Cushman & Wakefield plc CWK 64/100 Moderate
11 Brookfield Property Partners L. BPYPN 64/100 Moderate
12 Brookfield Property Partners L. BPYPP 64/100 Moderate
13 Brookfield Property Partners L. BPYPO 63/100 Moderate
14 Douglas Elliman Inc. DOUG 62/100 Moderate
15 Newmark Group, Inc. NMRK 61/100 Moderate

See every General Corporate company ranked by moat score →

How BPYPN scores on the Corporate Default defenses

Pricing Power

Score 86 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 84 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 50 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 54 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 33 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 70 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BPYPN's moat

What is Brookfield Property Partners L.'s moat score?

Brookfield Property Partners L. (BPYPN) scores 64 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #11 of 51 scored companies in Real Estate Services, the top 22%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Real Estate Services. Its strongest defense is Pricing Power (86/100) and its weakest is Resilience (33/100).

How does Brookfield Property Partners L. compare with other Real Estate Services companies?

Brookfield Property Partners L. ranks #11 of 51 scored companies in Real Estate Services by moat score. The widest moat in Real Estate Services is New England Realty Associates L (NEN) at 79/100. The companies ranked closest are Cushman & Wakefield plc (CWK) at 64 just above it and Brookfield Property Partners L. (BPYPP) at 64 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Real Estate Services. The defenses are then weighted to produce the overall score out of 100.

Why is Brookfield Property Partners L. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Brookfield Property Partners L.?

The Corporate Default template measures 6 defenses, and BPYPN scores: Pricing Power (86), Cost Advantage (84), Customer Stickiness (50), Capital Efficiency (54), Resilience (33), Scale & Market Position (70). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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