Winnipeg Free Press By: The Canadian Press
Last Modified: 11:41 AM CST Tuesday, Feb. 2, 2021
Brookfield Renewable offices are seen in Gatineau, Que., Tuesday, September 1, 2020. THE CANADIAN PRESS/Adrian Wyld
TORONTO - Brookfield Property Partners LP says it swung to a loss in its latest quarter despite seeing a significant pickup in private real estate investment activity. Institutional investors continue to rotate capital from fixed income investments into real assets that generate long-term derisked yield, CEO Brian Kingston said Tuesday on an earnings call.
The real estate company, which keeps its books in U.S. dollars, says it lost $38 million or 40 cents per unit for the quarter ended Dec. 31.
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Author Bio
Born and raised in the Deep South of Georgia, Jason now calls Southern California home. A Fool since 2006, he began contributing to Fool.com in 2012. Trying to invest better? Like learning about companies with great (or really bad) stories? Jason can usually be found there, cutting through the noise and trying to get to the heart of the story.
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Brookfield Renewable (NYSE:BEP)(NYSE:BEPC) has proven to be an incredible investment. Over the past year, total returns are more than 84%, and investors have enjoyed almost 700% in total returns over the past decade. And the bulk of those gains have come from utility-scale power production from a combination of hydroelectric, wind, and solar production.
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After starting the year off with a strong first week in 2021, Canadian stocks began running out of steam in the last week of January.
Investors are continuing to see high-growth tech stocks drive both the Canadian and U.S. stock markets. Growth investors are enjoying the gains, but they need to be wary of the stretched valuations.
The recent cool-off in the market could be the start of a larger much-needed pull back. If we do see a market correction within the month, I’ll be looking to add to some of my top growth positions if they go on sale. But in the meantime, I’ve got my eye on two more reasonably priced companies.
Author Bio
Brian Withers has been a Fool since 2004 and loves to invest in companies that are disrupting the status quo. His best investment was to get his kids into Foolish stocks at the young ages of 5 & 7. Prior to starting his contract writer role with The Fool, he spent 30 years between IBM, Dell, and Allergan helping make their operations run better. When he s not writing, you can find Brian riding his bike around the Research Triangle Area in North Carolina. Feel free to reach Brian via email: bwithbike@gmail.com. Follow @bwithbike
Investing in growth stocks is a great way to build long-term wealth. But as you approach retirement age, should you stick with these often-volatile investments or adjust your portfolio to focus on more value-oriented stocks? In this