BPY-UN.TO C$23.29 (02 Jan 2026) Closed: Most active TSX, near year high
The BPY-UN.TO stock closed at C$23.29 on 02 Jan 2026 as Toronto markets shut, down C$0.15 or 0.64% for the day. Trading was heavy with 15,497,858 shares changing hands versus an average of 925,454, marking BPY-UN.TO as one of the most active TSX names. Price traded between C$23.07 and C$23.90 and sits near its 52-week high of C$23.94, keeping volatility and investor attention elevated into the new year.
Market snapshot and volume
BPY-UN.TO (Brookfield Property Partners L.P.) closed at C$23.29 on the TSX after trading as high as C$23.90 and as low as C$23.07. Volume reached 15,497,858 shares, 16.75 times the average daily volume of 925,454, confirming the stock’s ‘most active’ status. The 50-day average price is C$23.39 and the 200-day average is C$22.46, indicating the price sits close to short-term trend levels.
Price drivers and news context
No company earnings were reported today, so the heavy volume appears driven by repositioning into the new year and flows into large-cap real estate names. Brookfield Property Partners L.P. owns a diversified global portfolio including office, retail, logistics and multifamily assets, which keeps it correlated with sector flows and macro rate expectations in Canada and global markets.
Fundamentals and valuation
BPY-UN.TO shows EPS of -2.94 and a negative PE of -7.94, reflecting recent net losses. Price-to-book is 0.96 against a sector average price-to-book near 1.12 for Real Estate companies in Canada. Long-term debt to capitalization is 0.88, and interest coverage is negative at -0.91, signalling leverage and interest cost pressure. Enterprise value is recorded in the feed as -C$4.02B; that figure reflects accounting adjustments in our data and should be treated cautiously.
Technical picture and liquidity
Technicals show BPY-UN.TO sitting at the 50-day average (C$23.39) and above the 200-day average (C$22.46), a neutral-to-slightly-bullish setup. ATR is C$0.83, implying intraday swings remain modest relative to the recent move toward the year high of C$23.94. The extreme relative volume suggests active trading interest and good intraday liquidity for larger orders on the TSX in CAD.
Meyka AI grade and model forecasts
Meyka AI rates BPY-UN.TO with a score of 66.75/100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a near-term monthly figure of C$23.29, equal to the current price and implying 0.00% near-term change from the model. Using valuation scenarios versus the sector price-to-book, a neutral fair-value target would be roughly C$24.25 and a sector-adjusted target (price-to-book of 1.12) implies C$27.20, about 16.76% upside. Forecasts are model-based projections and not guarantees.
Investment thesis and key risks
Brookfield Property Partners offers diversified real estate exposure across office, retail, logistics and residential segments, which supports long-term recovery potential if occupancy and rents improve. Key risks include persistent interest-rate pressure, negative interest coverage, and concentration in cyclical property types. The REIT pays no dividend per recent data, reducing income appeal for yield investors.
Final Thoughts
BPY-UN.TO stock closed the session at C$23.29 on 02 Jan 2026 with outsized volume of 15,497,858 shares, confirming its place among the TSX’s most active names today. Fundamentals show mixed signals: a price-to-book near 0.96 suggests a modest valuation discount to book, but EPS is negative at -2.94 and interest coverage sits at -0.91, highlighting leverage and earnings pressure. Technically the share price sits near the 50-day average (C$23.39) and within C$0.65 of its 52-week high C$23.94. Meyka AI rates BPY-UN.TO 66.75/100 (Grade B, HOLD) and models a near-term monthly forecast of C$23.29, equal to the close and implying 0.00% change; sector-adjusted valuation points to a constructive target near C$27.20 (+16.76%) if macro conditions improve. Investors should weigh high liquidity and diversification against rate sensitivity and negative coverage metrics; use position sizing and monitor occupancy and interest-cost trends before adding exposure. Meyka AI provides this as data-driven market analysis, not financial advice.
FAQs
BPY-UN.TO traded 15,497,858 shares, about 16.75 times average volume. The volume spike reflects heavy repositioning into the new year and increased investor attention as the stock traded near its 52-week high of C$23.94.
Meyka AI rates BPY-UN.TO 66.75/100 (Grade B, HOLD). This score combines benchmark and sector comparisons, financial growth, key metrics and consensus signals; it is informational and not a buy or sell recommendation.
Using current metrics and sector price-to-book, a conservative fair-value target is about C$24.25 and a sector-adjusted target is about C$27.20 (+16.76%). These are model scenarios, not guarantees.
Current data shows no dividend yield or recent dividend per share for BPY-UN.TO, reducing its appeal for income-focused investors compared with dividend-paying REIT peers.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
