Subject: Re: S&P weighs cutting BPG to junk
Yield on Brookfield Property preferred units has now exceeded 14%.

BPYPP price is 11.50. It pays quarterly dividend of 0.40625 which means yield is (0.40625 * 4)/11.50 = 14.13%. It's too high and not a good sign. Mr. Market must be thinking Brookfield Property is getting ready to skip some dividend payments.