diff --git a/src/main/java/org/codehaus/mojo/versions/api/PomHelper.java b/src/main/java/org/codehaus/mojo/versions/api/PomHelper.java
index 8c66929c67..eeefac1d11 100644
--- a/src/main/java/org/codehaus/mojo/versions/api/PomHelper.java
+++ b/src/main/java/org/codehaus/mojo/versions/api/PomHelper.java
@@ -22,11 +22,13 @@
 import javax.xml.stream.XMLStreamException;
 import javax.xml.stream.events.XMLEvent;
 
+import java.io.BufferedReader;
 import java.io.File;
-import java.io.FileInputStream;
 import java.io.IOException;
+import java.io.InputStreamReader;
 import java.io.Reader;
 import java.io.StringReader;
+import java.nio.file.Files;
 import java.util.ArrayList;
 import java.util.Arrays;
 import java.util.Collection;
@@ -90,7 +92,7 @@ public class PomHelper
      * @throws IOException if the file is not found or if the file does not parse.
      */
     public static Model getRawModel( MavenProject project )
-        throws IOException
+            throws IOException
     {
         return getRawModel( project.getFile() );
     }
@@ -103,15 +105,12 @@ public static Model getRawModel( MavenProject project )
      * @throws IOException if the file is not found or if the file does not parse.
      */
     public static Model getRawModel( File moduleProjectFile )
-        throws IOException
+            throws IOException
     {
-        try ( FileInputStream input = new FileInputStream( moduleProjectFile ) )
+        try ( Reader reader = new BufferedReader( new InputStreamReader( Files.newInputStream( moduleProjectFile
+                .toPath() ) ) ) )
         {
-            return new MavenXpp3Reader().read( input );
-        }
-        catch ( XmlPullParserException e )
-        {
-            throw new IOException( e.getMessage(), e );
+            return getRawModel( reader );
         }
     }
 
@@ -123,11 +122,27 @@ public static Model getRawModel( File moduleProjectFile )
      * @throws IOException if the file is not found or if the file does not parse.
      */
     public static Model getRawModel( ModifiedPomXMLEventReader modifiedPomXMLEventReader )
-        throws IOException
+            throws IOException
+    {
+        try ( Reader reader = new StringReader( modifiedPomXMLEventReader.asStringBuilder().toString() ) )
+        {
+            return getRawModel( reader );
+        }
+    }
+
+    /**
+     * Gets the current raw model before any interpolation what-so-ever.
+     *
+     * @param reader The {@link Reader} to get the raw model for.
+     * @return The raw model.
+     * @throws IOException if the file is not found or if the file does not parse.
+     */
+    public static Model getRawModel( Reader reader )
+            throws IOException
     {
-        try ( StringReader stringReader = new StringReader( modifiedPomXMLEventReader.asStringBuilder().toString() ) )
+        try
         {
-            return new MavenXpp3Reader().read( stringReader );
+            return new MavenXpp3Reader().read( reader );
         }
         catch ( XmlPullParserException e )
         {
@@ -147,7 +162,7 @@ public static Model getRawModel( ModifiedPomXMLEventReader modifiedPomXMLEventRe
      */
     public static boolean setPropertyVersion( final ModifiedPomXMLEventReader pom, final String profileId,
                                               final String property, final String value )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         Stack<String> stack = new Stack<>();
         String path = "";
@@ -231,7 +246,7 @@ else if ( matchScopeRegex.matcher( path ).matches() )
      * @throws XMLStreamException if somethinh went wrong.
      */
     public static boolean setProjectVersion( final ModifiedPomXMLEventReader pom, final String value )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         return setElementValue( pom, "/project", "version", value, false );
     }
@@ -241,15 +256,15 @@ public static boolean setProjectVersion( final ModifiedPomXMLEventReader pom, fi
      * Will only consider the first found occurrence of the parent element.
      * If the element is not found in the parent element, the method will create the element.
      *
-     * @param pom           pom to modify
-     * @param parentPath    path of the parent element
-     * @param elementName   name of the element to set or create
-     * @param value         the new value of the element
-     * @return              {@code true} if the element was created or replaced
+     * @param pom         pom to modify
+     * @param parentPath  path of the parent element
+     * @param elementName name of the element to set or create
+     * @param value       the new value of the element
+     * @return {@code true} if the element was created or replaced
      * @throws XMLStreamException if something went wrong
      */
     public static boolean setElementValue( ModifiedPomXMLEventReader pom, String parentPath,
-                                                   String elementName, String value )
+                                           String elementName, String value )
             throws XMLStreamException
     {
         pom.rewind();
@@ -262,13 +277,13 @@ public static boolean setElementValue( ModifiedPomXMLEventReader pom, String par
      * If the element is not found in the parent element, the method will create the element
      * if {@code shouldCreate} is {@code true}.
      *
-     * @param pom           pom to modify
-     * @param parentPath    path of the parent element
-     * @param elementName   name of the element to set or create
-     * @param value         the new value of the element
-     * @param shouldCreate  should the element be created if it's not found in the first encountered parent element
-     *                      matching the parentPath
-     * @return              {@code true} if the element was created or replaced
+     * @param pom          pom to modify
+     * @param parentPath   path of the parent element
+     * @param elementName  name of the element to set or create
+     * @param value        the new value of the element
+     * @param shouldCreate should the element be created if it's not found in the first encountered parent element
+     *                     matching the parentPath
+     * @return {@code true} if the element was created or replaced
      * @throws XMLStreamException if something went wrong
      */
     public static boolean setElementValue( ModifiedPomXMLEventReader pom, String parentPath,
@@ -308,7 +323,7 @@ boolean process( String currentPath ) throws XMLStreamException
                         }
                         else if ( currentPath.equals( superParentPath ) && currentElementName.equals( parentName ) )
                         {
-                              pom.mark( PARENT_BEGIN );
+                            pom.mark( PARENT_BEGIN );
                         }
                         // process child element
                         replacementMade = process( currentPath + "/" + currentElementName );
@@ -394,7 +409,7 @@ private void replaceValueInParent()
      * @throws XMLStreamException if something went wrong.
      */
     public static String getProjectVersion( final ModifiedPomXMLEventReader pom )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         Stack<String> stack = new Stack<>();
         String path = "";
@@ -442,7 +457,7 @@ public static String getProjectVersion( final ModifiedPomXMLEventReader pom )
      * @throws XMLStreamException if somethinh went wrong.
      */
     public static boolean setProjectParentVersion( final ModifiedPomXMLEventReader pom, final String value )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         Stack<String> stack = new Stack<>();
         String path = "";
@@ -493,7 +508,7 @@ public static boolean setProjectParentVersion( final ModifiedPomXMLEventReader p
      * @throws XMLStreamException if something went wrong.
      */
     public static Artifact getProjectParent( final ModifiedPomXMLEventReader pom, VersionsHelper helper )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         Stack<String> stack = new Stack<>();
         String path = "";
@@ -542,7 +557,7 @@ else if ( "version".equals( elementName ) )
             return null;
         }
         return helper.createDependencyArtifact( groupId, artifactId, version, "pom",
-                                                null, null );
+                null, null );
     }
 
     /**
@@ -561,15 +576,15 @@ else if ( "version".equals( elementName ) )
     public static boolean setDependencyVersion( final ModifiedPomXMLEventReader pom, final String groupId,
                                                 final String artifactId, final String oldVersion,
                                                 final String newVersion, final Model model )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         Stack<String> stack = new Stack<>();
         String path = "";
 
         Set<String> implicitPaths =
-            new HashSet<>( Arrays.asList( "/project/parent/groupId", "/project/parent/artifactId",
-                                          "/project/parent/version", "/project/groupId",
-                                          "/project/artifactId", "/project/version" ) );
+                new HashSet<>( Arrays.asList( "/project/parent/groupId", "/project/parent/artifactId",
+                        "/project/parent/version", "/project/groupId",
+                        "/project/artifactId", "/project/version" ) );
         Map<String, String> implicitProperties = new HashMap<>();
 
         for ( Map.Entry<Object, Object> entry : model.getProperties().entrySet() )
@@ -632,15 +647,15 @@ public static boolean setDependencyVersion( final ModifiedPomXMLEventReader pom,
         boolean haveOldVersion = false;
 
         final Pattern matchScopeRegex = Pattern.compile(
-            "/project" + "(/profiles/profile)?"
-                + "((/dependencyManagement)|(/build(/pluginManagement)?/plugins/plugin))?"
-                + "/dependencies/dependency" );
+                "/project" + "(/profiles/profile)?"
+                        + "((/dependencyManagement)|(/build(/pluginManagement)?/plugins/plugin))?"
+                        + "/dependencies/dependency" );
 
         final Pattern matchTargetRegex = Pattern.compile(
-            "/project" + "(/profiles/profile)?"
-                + "((/dependencyManagement)|(/build(/pluginManagement)?/plugins/plugin))?"
-                + "/dependencies/dependency"
-                + "((/groupId)|(/artifactId)|(/version))" );
+                "/project" + "(/profiles/profile)?"
+                        + "((/dependencyManagement)|(/build(/pluginManagement)?/plugins/plugin))?"
+                        + "/dependencies/dependency"
+                        + "((/groupId)|(/artifactId)|(/version))" );
 
         pom.rewind();
 
@@ -675,7 +690,7 @@ else if ( inMatchScope && matchTargetRegex.matcher( path ).matches() )
                     else if ( "artifactId".equals( elementName ) )
                     {
                         haveArtifactId =
-                            artifactId.equals( evaluate( pom.getElementText().trim(), implicitProperties ) );
+                                artifactId.equals( evaluate( pom.getElementText().trim(), implicitProperties ) );
                         path = stack.pop();
                     }
                     else if ( "version".equals( elementName ) )
@@ -687,7 +702,7 @@ else if ( "version".equals( elementName ) )
             if ( event.isEndElement() )
             {
                 if ( matchTargetRegex.matcher( path ).matches()
-                    && "version".equals( event.asEndElement().getName().getLocalPart() ) )
+                        && "version".equals( event.asEndElement().getName().getLocalPart() ) )
                 {
                     pom.mark( 1 );
                     String compressedPomVersion = StringUtils.deleteWhitespace( pom.getBetween( 0, 1 ).trim() );
@@ -706,7 +721,7 @@ else if ( "version".equals( elementName ) )
                 else if ( matchScopeRegex.matcher( path ).matches() )
                 {
                     if ( inMatchScope && pom.hasMark( 0 ) && pom.hasMark( 1 ) && haveGroupId && haveArtifactId
-                        && haveOldVersion )
+                            && haveOldVersion )
                     {
                         pom.replaceBetween( 0, 1, newVersion );
                         madeReplacement = true;
@@ -785,7 +800,7 @@ public static String evaluate( String expr, Map<String, String> properties )
                 if ( exprStartDelimiter > 0 )
                 {
                     value = value.substring( 0, exprStartDelimiter )
-                        + evaluate( value.substring( exprStartDelimiter ), properties );
+                            + evaluate( value.substring( exprStartDelimiter ), properties );
                 }
                 else
                 {
@@ -826,7 +841,7 @@ private static String stripTokens( String expr )
      * @throws InvalidVersionSpecificationException if the versions can't be parsed to a range
      */
     public static boolean isVersionOverlap( String leftVersionOrRange, String rightVersionOrRange )
-        throws InvalidVersionSpecificationException
+            throws InvalidVersionSpecificationException
     {
         VersionRange pomVersionRange = createVersionRange( leftVersionOrRange );
         if ( !pomVersionRange.hasRestrictions() )
@@ -845,7 +860,7 @@ public static boolean isVersionOverlap( String leftVersionOrRange, String rightV
     }
 
     private static VersionRange createVersionRange( String versionOrRange )
-        throws InvalidVersionSpecificationException
+            throws InvalidVersionSpecificationException
     {
         VersionRange versionRange = VersionRange.createFromVersionSpec( versionOrRange );
         if ( versionRange.getRecommendedVersion() != null )
@@ -868,7 +883,7 @@ private static VersionRange createVersionRange( String versionOrRange )
      */
     public static boolean setPluginVersion( final ModifiedPomXMLEventReader pom, final String groupId,
                                             final String artifactId, final String oldVersion, final String newVersion )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         Stack<String> stack = new Stack<>();
         String path = "";
@@ -882,11 +897,11 @@ public static boolean setPluginVersion( final ModifiedPomXMLEventReader pom, fin
         boolean haveOldVersion = false;
 
         matchScopeRegex = Pattern.compile( "/project" + "(/profiles/profile)?"
-                                               + "((/build(/pluginManagement)?)|(/reporting))/plugins/plugin" );
+                + "((/build(/pluginManagement)?)|(/reporting))/plugins/plugin" );
 
         matchTargetRegex = Pattern.compile( "/project" + "(/profiles/profile)?"
-                                                + "((/build(/pluginManagement)?)|(/reporting))/plugins/plugin"
-                                                + "((/groupId)|(/artifactId)|(/version))" );
+                + "((/build(/pluginManagement)?)|(/reporting))/plugins/plugin"
+                + "((/groupId)|(/artifactId)|(/version))" );
 
         pom.rewind();
 
@@ -915,7 +930,7 @@ else if ( inMatchScope && matchTargetRegex.matcher( path ).matches() )
                 {
                     if ( "groupId".equals( elementName ) )
                     {
-                        haveGroupId =  pom.getElementText().trim().equals( groupId );
+                        haveGroupId = pom.getElementText().trim().equals( groupId );
                         path = stack.pop();
                     }
                     else if ( "artifactId".equals( elementName ) )
@@ -932,7 +947,7 @@ else if ( "version".equals( elementName ) )
             if ( event.isEndElement() )
             {
                 if ( matchTargetRegex.matcher( path ).matches()
-                    && "version".equals( event.asEndElement().getName().getLocalPart() ) )
+                        && "version".equals( event.asEndElement().getName().getLocalPart() ) )
                 {
                     pom.mark( 1 );
 
@@ -949,7 +964,7 @@ else if ( "version".equals( elementName ) )
                 else if ( matchScopeRegex.matcher( path ).matches() )
                 {
                     if ( inMatchScope && pom.hasMark( 0 ) && pom.hasMark( 1 ) && ( haveGroupId || !needGroupId )
-                        && haveArtifactId && haveOldVersion )
+                            && haveArtifactId && haveOldVersion )
                     {
                         pom.replaceBetween( 0, 1, newVersion );
                         madeReplacement = true;
@@ -967,6 +982,37 @@ else if ( matchScopeRegex.matcher( path ).matches() )
         return madeReplacement;
     }
 
+    /**
+     * Traverses the project tree upwards, adding the raw models of every project it encounters to the map
+     *
+     * @param project maven project of the child for which the models need to be gathered
+     * @return gathered map of raw models per project
+     */
+    private static Map<MavenProject, Model> getRawModelWithParents( MavenProject project ) throws IOException
+    {
+        // constructs a tree sorted from children to parents
+        Map<MavenProject, Model> models = new TreeMap<>( ( p1, p2 ) ->
+        {
+            for ( MavenProject p = p1; p != null; p = p.getParent() )
+            {
+                if ( p == p2 ) // meaning p2 is an ancestor to p1 or p1 == p2
+                {
+                    return p == p1
+                            ? 0
+                            : -1; // p1 is the child
+                }
+            }
+            return 1;
+        } );
+        for ( MavenProject p = project; p != null; p = p.getParent() )
+        {
+            models.put( p, p.getFile() != null
+                    ? getRawModel( p )
+                    : p.getOriginalModel() );
+        }
+        return models;
+    }
+
     /**
      * Examines the project to find any properties which are associated with versions of artifacts in the project.
      *
@@ -978,11 +1024,12 @@ else if ( matchScopeRegex.matcher( path ).matches() )
      * @since 1.0-alpha-3
      */
     public static PropertyVersionsBuilder[] getPropertyVersionsBuilders( VersionsHelper helper, MavenProject project )
-        throws ExpressionEvaluationException, IOException
+            throws ExpressionEvaluationException, IOException
     {
         ExpressionEvaluator expressionEvaluator = helper.getExpressionEvaluator( project );
-        Model projectModel = getRawModel( project );
-        Map<String, PropertyVersionsBuilder> result = new TreeMap<>();
+        Map<MavenProject, Model> reactorModels = getRawModelWithParents( project );
+
+        Map<String, PropertyVersionsBuilder> propertiesMap = new TreeMap<>();
 
         Set<String> activeProfiles = new TreeSet<>();
         for ( Profile profile : project.getActiveProfiles() )
@@ -991,58 +1038,72 @@ public static PropertyVersionsBuilder[] getPropertyVersionsBuilders( VersionsHel
         }
 
         // add any properties from profiles first (as they override properties from the project
-        for ( Profile profile : projectModel.getProfiles() )
+        for ( Iterator<Profile> it = reactorModels.values().stream()
+                .flatMap( model -> model.getProfiles().stream() )
+                .filter( profile -> activeProfiles.contains( profile.getId() ) )
+                .iterator(); it.hasNext(); )
         {
-            if ( !activeProfiles.contains( profile.getId() ) )
-            {
-                continue;
-            }
-            addProperties( helper, result, profile.getId(), profile.getProperties() );
-            if ( profile.getDependencyManagement() != null )
-            {
-                addDependencyAssocations( helper, expressionEvaluator, result,
-                                          profile.getDependencyManagement().getDependencies(), false );
-            }
-            addDependencyAssocations( helper, expressionEvaluator, result, profile.getDependencies(), false );
-            if ( profile.getBuild() != null )
+            Profile profile = it.next();
+            try
             {
-                if ( profile.getBuild().getPluginManagement() != null )
+                addProperties( helper, propertiesMap, profile.getId(), profile.getProperties() );
+                if ( profile.getDependencyManagement() != null )
                 {
-                    addPluginAssociations( helper, expressionEvaluator, result,
-                                           profile.getBuild().getPluginManagement().getPlugins() );
+                    addDependencyAssocations( helper, expressionEvaluator, propertiesMap,
+                            profile.getDependencyManagement().getDependencies(), false );
+                }
+                addDependencyAssocations( helper, expressionEvaluator, propertiesMap,
+                        profile.getDependencies(),
+                        false );
+                if ( profile.getBuild() != null )
+                {
+                    if ( profile.getBuild().getPluginManagement() != null )
+                    {
+                        addPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                                profile.getBuild().getPluginManagement().getPlugins() );
+                    }
+                    addPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                            profile.getBuild().getPlugins() );
+                }
+                if ( profile.getReporting() != null )
+                {
+                    addReportPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                            profile.getReporting().getPlugins() );
                 }
-                addPluginAssociations( helper, expressionEvaluator, result, profile.getBuild().getPlugins() );
             }
-            if ( profile.getReporting() != null )
+            catch ( ExpressionEvaluationException e )
             {
-                addReportPluginAssociations( helper, expressionEvaluator, result, profile.getReporting().getPlugins() );
+                throw new RuntimeException( e );
             }
         }
 
         // second, we add all the properties in the pom
-        addProperties( helper, result, null, projectModel.getProperties() );
-        Model model = projectModel;
-        MavenProject currentPrj = project;
-        while ( currentPrj != null )
+        reactorModels.values().forEach( model -> addProperties( helper, propertiesMap, null, model.getProperties() ) );
+
+
+        for ( MavenProject currentPrj = project; currentPrj != null; currentPrj = currentPrj.getParent() )
         {
+            Model model = reactorModels.get( currentPrj );
+
             if ( model.getDependencyManagement() != null )
             {
-                addDependencyAssocations( helper, expressionEvaluator, result,
-                                          model.getDependencyManagement().getDependencies(), false );
+                addDependencyAssocations( helper, expressionEvaluator, propertiesMap,
+                        model.getDependencyManagement().getDependencies(), false );
             }
-            addDependencyAssocations( helper, expressionEvaluator, result, model.getDependencies(), false );
+            addDependencyAssocations( helper, expressionEvaluator, propertiesMap, model.getDependencies(), false );
             if ( model.getBuild() != null )
             {
                 if ( model.getBuild().getPluginManagement() != null )
                 {
-                    addPluginAssociations( helper, expressionEvaluator, result,
-                                           model.getBuild().getPluginManagement().getPlugins() );
+                    addPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                            model.getBuild().getPluginManagement().getPlugins() );
                 }
-                addPluginAssociations( helper, expressionEvaluator, result, model.getBuild().getPlugins() );
+                addPluginAssociations( helper, expressionEvaluator, propertiesMap, model.getBuild().getPlugins() );
             }
             if ( model.getReporting() != null )
             {
-                addReportPluginAssociations( helper, expressionEvaluator, result, model.getReporting().getPlugins() );
+                addReportPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                        model.getReporting().getPlugins() );
             }
 
             // third, we add any associations from the active profiles
@@ -1054,36 +1115,33 @@ public static PropertyVersionsBuilder[] getPropertyVersionsBuilders( VersionsHel
                 }
                 if ( profile.getDependencyManagement() != null )
                 {
-                    addDependencyAssocations( helper, expressionEvaluator, result,
-                                              profile.getDependencyManagement().getDependencies(), false );
+                    addDependencyAssocations( helper, expressionEvaluator, propertiesMap,
+                            profile.getDependencyManagement().getDependencies(), false );
                 }
-                addDependencyAssocations( helper, expressionEvaluator, result, profile.getDependencies(), false );
+                addDependencyAssocations( helper, expressionEvaluator, propertiesMap, profile.getDependencies(),
+                        false );
                 if ( profile.getBuild() != null )
                 {
                     if ( profile.getBuild().getPluginManagement() != null )
                     {
-                        addPluginAssociations( helper, expressionEvaluator, result,
-                                               profile.getBuild().getPluginManagement().getPlugins() );
+                        addPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                                profile.getBuild().getPluginManagement().getPlugins() );
                     }
-                    addPluginAssociations( helper, expressionEvaluator, result, profile.getBuild().getPlugins() );
+                    addPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                            profile.getBuild().getPlugins() );
                 }
                 if ( profile.getReporting() != null )
                 {
-                    addReportPluginAssociations( helper, expressionEvaluator, result,
-                                                 profile.getReporting().getPlugins() );
+                    addReportPluginAssociations( helper, expressionEvaluator, propertiesMap,
+                            profile.getReporting().getPlugins() );
                 }
             }
-            currentPrj = currentPrj.getParent();
-            if ( currentPrj != null )
-            {
-                model = currentPrj.getOriginalModel();
-            }
         }
 
         // finally, remove any properties without associations
-        purgeProperties( result );
+        purgeProperties( propertiesMap );
 
-        return result.values().toArray( new PropertyVersionsBuilder[0] );
+        return propertiesMap.values().toArray( new PropertyVersionsBuilder[0] );
     }
 
     /**
@@ -1099,7 +1157,7 @@ public static PropertyVersionsBuilder[] getPropertyVersionsBuilders( VersionsHel
      */
     private static void addPluginAssociations( VersionsHelper helper, ExpressionEvaluator expressionEvaluator,
                                                Map<String, PropertyVersionsBuilder> result, List<Plugin> plugins )
-        throws ExpressionEvaluationException
+            throws ExpressionEvaluationException
     {
         if ( plugins == null )
         {
@@ -1140,7 +1198,7 @@ private static void addPluginAssociations( VersionsHelper helper, ExpressionEval
                         // might as well capture the current value
                         String evaluatedVersion = (String) expressionEvaluator.evaluate( plugin.getVersion() );
                         property.addAssociation( helper.createPluginArtifact( groupId, artifactId, evaluatedVersion ),
-                                                 true );
+                                true );
                         if ( !propertyRef.equals( version ) )
                         {
                             addBounds( property, version, propertyRef );
@@ -1155,7 +1213,7 @@ private static void addPluginAssociations( VersionsHelper helper, ExpressionEval
     private static void addReportPluginAssociations( VersionsHelper helper, ExpressionEvaluator expressionEvaluator,
                                                      Map<String, PropertyVersionsBuilder> result,
                                                      List<ReportPlugin> reportPlugins )
-        throws ExpressionEvaluationException
+            throws ExpressionEvaluationException
     {
         if ( reportPlugins == null )
         {
@@ -1196,7 +1254,7 @@ private static void addReportPluginAssociations( VersionsHelper helper, Expressi
                         // might as well capture the current value
                         String versionEvaluated = (String) expressionEvaluator.evaluate( plugin.getVersion() );
                         property.addAssociation( helper.createPluginArtifact( groupId, artifactId, versionEvaluated ),
-                                                 true );
+                                true );
                         if ( !propertyRef.equals( version ) )
                         {
                             addBounds( property, version, propertyRef );
@@ -1210,7 +1268,7 @@ private static void addReportPluginAssociations( VersionsHelper helper, Expressi
     private static void addDependencyAssocations( VersionsHelper helper, ExpressionEvaluator expressionEvaluator,
                                                   Map<String, PropertyVersionsBuilder> result,
                                                   List<Dependency> dependencies, boolean usePluginRepositories )
-        throws ExpressionEvaluationException
+            throws ExpressionEvaluationException
     {
         if ( dependencies == null )
         {
@@ -1251,11 +1309,11 @@ private static void addDependencyAssocations( VersionsHelper helper, ExpressionE
                         // might as well capture the current value
                         String versionEvaluated = (String) expressionEvaluator.evaluate( dependency.getVersion() );
                         property.addAssociation( helper.createDependencyArtifact( groupId, artifactId, versionEvaluated,
-                                                                                  dependency.getType(),
-                                                                                  dependency.getClassifier(),
-                                                                                  dependency.getScope(),
-                                                                                  dependency.isOptional() ),
-                                                 usePluginRepositories );
+                                        dependency.getType(),
+                                        dependency.getClassifier(),
+                                        dependency.getScope(),
+                                        dependency.isOptional() ),
+                                usePluginRepositories );
                         if ( !propertyRef.equals( version ) )
                         {
                             addBounds( property, version, propertyRef );
@@ -1299,7 +1357,7 @@ private static void addProperties( VersionsHelper helper, Map<String, PropertyVe
         {
             return;
         }
-        for ( String propertyName :  properties.stringPropertyNames() )
+        for ( String propertyName : properties.stringPropertyNames() )
         {
             if ( !result.containsKey( propertyName ) )
             {
@@ -1499,7 +1557,7 @@ public static MavenProject getLocalRoot( MavenProjectBuilder builder, MavenProje
                     try
                     {
                         final MavenProject parentProject =
-                            builder.build( parent, localRepository, globalProfileManager );
+                                builder.build( parent, localRepository, globalProfileManager );
                         if ( getAllChildModules( parentProject, logger ).contains( project.getBasedir().getName() ) )
                         {
                             logger.debug( parentDir + " is an aggregator parent" );
@@ -1531,7 +1589,7 @@ public static MavenProject getLocalRoot( MavenProjectBuilder builder, MavenProje
      * @throws IOException if things go wrong.
      */
     public static Map<String, Model> getReactorModels( MavenProject project, Log logger )
-        throws IOException
+            throws IOException
     {
         Map<String, Model> result = new LinkedHashMap<>();
         final Model model = getRawModel( project );
@@ -1552,7 +1610,7 @@ public static Map<String, Model> getReactorModels( MavenProject project, Log log
      * @throws IOException if things go wrong.
      */
     private static Map<String, Model> getReactorModels( String path, Model model, MavenProject project, Log logger )
-        throws IOException
+            throws IOException
     {
         if ( path.length() > 0 && !path.endsWith( "/" ) )
         {
@@ -1620,7 +1678,7 @@ public static Map<String, Model> getChildModels( Map<String, Model> reactor, Str
             final Model model = entry.getValue();
             final Parent parent = model.getParent();
             if ( parent != null && groupId.equals( parent.getGroupId() )
-                && artifactId.equals( parent.getArtifactId() ) )
+                    && artifactId.equals( parent.getArtifactId() ) )
             {
                 result.put( path, model );
             }
@@ -1689,7 +1747,7 @@ public static int getReactorParentCount( Map<String, Model> reactor, Model model
      * @throws java.io.IOException when things go wrong.
      */
     public static StringBuilder readXmlFile( File outFile )
-        throws IOException
+            throws IOException
     {
         try ( Reader reader = ReaderFactory.newXmlReader( outFile ) )
         {
@@ -1718,7 +1776,7 @@ public static String getGAV( Model model )
      * @since 2.4
      */
     public static List<Dependency> readImportedPOMsFromDependencyManagementSection( ModifiedPomXMLEventReader pom )
-        throws XMLStreamException
+            throws XMLStreamException
     {
         List<Dependency> importedPOMs = new ArrayList<>();
         Stack<String> stack = new Stack<>();
@@ -1729,8 +1787,8 @@ public static List<Dependency> readImportedPOMsFromDependencyManagementSection(
         String typeElement = "type";
         String scopeElement = "scope";
         Set<String> recognizedElements =
-            new HashSet<>( Arrays.asList( groupIdElement, artifactIdElement, versionElement, typeElement,
-                                          scopeElement ) );
+                new HashSet<>( Arrays.asList( groupIdElement, artifactIdElement, versionElement, typeElement,
+                        scopeElement ) );
         Map<String, String> depData = new HashMap<>();
 
         pom.rewind();
diff --git a/src/test/java/org/codehaus/mojo/versions/DisplayPropertyUpdatesMojoTest.java b/src/test/java/org/codehaus/mojo/versions/DisplayPropertyUpdatesMojoTest.java
new file mode 100644
index 0000000000..be01de3bdf
--- /dev/null
+++ b/src/test/java/org/codehaus/mojo/versions/DisplayPropertyUpdatesMojoTest.java
@@ -0,0 +1,88 @@
+package org.codehaus.mojo.versions;
+/*
+ * Licensed to the Apache Software Foundation (ASF) under one
+ * or more contributor license agreements.  See the NOTICE file
+ * distributed with this work for additional information
+ * regarding copyright ownership.  The ASF licenses this file
+ * to you under the Apache License, Version 2.0 (the
+ * "License"); you may not use this file except in compliance
+ * with the License.  You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing,
+ * software distributed under the License is distributed on an
+ * "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+ * KIND, either express or implied.  See the License for the
+ * specific language governing permissions and limitations
+ * under the License.
+ */
+
+import java.nio.file.Files;
+import java.nio.file.Path;
+import java.nio.file.Paths;
+import java.util.HashMap;
+
+import org.apache.maven.plugin.testing.AbstractMojoTestCase;
+import org.apache.maven.plugin.testing.MojoRule;
+import org.codehaus.mojo.versions.utils.MockUtils;
+import org.codehaus.mojo.versions.utils.TestUtils;
+import org.junit.After;
+import org.junit.Before;
+import org.junit.Rule;
+import org.junit.Test;
+
+import static org.apache.commons.codec.CharEncoding.UTF_8;
+import static org.hamcrest.MatcherAssert.assertThat;
+import static org.hamcrest.Matchers.matchesPattern;
+
+/**
+ * Unit tests for {@link DisplayPropertyUpdatesMojo}
+ */
+public class DisplayPropertyUpdatesMojoTest extends AbstractMojoTestCase
+{
+    @Rule
+    public MojoRule mojoRule = new MojoRule( this );
+
+    private Path tempDir;
+
+    @Before
+    public void setUp() throws Exception
+    {
+        super.setUp();
+        tempDir = TestUtils.createTempDir( "display-property-updates" );
+    }
+
+    @After
+    public void tearDown() throws Exception
+    {
+        try
+        {
+            TestUtils.tearDownTempDir( tempDir );
+        }
+        finally
+        {
+            super.tearDown();
+        }
+    }
+
+    @Test
+    public void testPropertiesFromParent() throws Exception
+    {
+        Path tempFile = Files.createTempFile( tempDir, "output", "" );
+
+        TestUtils.copyDir( Paths.get( "src/test/resources/org/codehaus/mojo/display-property-updates/issue-367" ),
+                tempDir );
+        DisplayPropertyUpdatesMojo mojo =
+                (DisplayPropertyUpdatesMojo) mojoRule.lookupConfiguredMojo( tempDir.resolve( "child" ).toFile(),
+                        "display-property-updates" );
+        mojo.outputEncoding = UTF_8;
+        mojo.outputFile = tempFile.toFile();
+        mojo.setPluginContext( new HashMap<>() );
+        mojo.artifactMetadataSource = MockUtils.mockArtifactMetadataSource();
+        mojo.execute();
+
+        assertThat( String.join( "", Files.readAllLines( tempFile ) ),
+                matchesPattern( ".*\\$\\{ver} \\.* 1\\.0\\.0 -> 2\\.0\\.0.*" ) );
+    }
+}
diff --git a/src/test/java/org/codehaus/mojo/versions/utils/TestUtils.java b/src/test/java/org/codehaus/mojo/versions/utils/TestUtils.java
index 6e45c91b97..950a9d184d 100644
--- a/src/test/java/org/codehaus/mojo/versions/utils/TestUtils.java
+++ b/src/test/java/org/codehaus/mojo/versions/utils/TestUtils.java
@@ -26,6 +26,7 @@
 import java.nio.file.attribute.BasicFileAttributes;
 
 import static java.nio.file.FileVisitResult.CONTINUE;
+import static java.nio.file.StandardCopyOption.REPLACE_EXISTING;
 import static org.apache.commons.text.CaseUtils.toCamelCase;
 
 /**
@@ -35,6 +36,7 @@ public class TestUtils
 {
     /**
      * Creates a temporary directory with the given name
+     *
      * @param name name of the directory to create
      * @return {@linkplain Path} object pointing to the directory
      * @throws IOException should the I/O operation fail
@@ -46,6 +48,7 @@ public static Path createTempDir( String name ) throws IOException
 
     /**
      * Deletes the given directory together with all its contents
+     *
      * @param dir directory to delete
      * @throws IOException should an I/O operation fail
      */
@@ -71,4 +74,34 @@ public FileVisitResult postVisitDirectory( Path dir, IOException exc ) throws IO
             } );
         }
     }
+
+    /**
+     * Copies the {@code src} directory to {@code dst} recursively,
+     * creating the missing directories if necessary
+     *
+     * @param src source directory path
+     * @param dst destination directory path
+     * @throws IOException should an I/O error occur
+     */
+    public static void copyDir( Path src, Path dst ) throws IOException
+    {
+        Files.walkFileTree( src, new SimpleFileVisitor<Path>()
+        {
+            @Override
+            public FileVisitResult preVisitDirectory( Path dir, BasicFileAttributes attrs )
+                    throws IOException
+            {
+                Files.createDirectories( dst.resolve( src.relativize( dir ) ) );
+                return CONTINUE;
+            }
+
+            @Override
+            public FileVisitResult visitFile( Path file, BasicFileAttributes attrs )
+                    throws IOException
+            {
+                Files.copy( file, dst.resolve( src.relativize( file ) ), REPLACE_EXISTING );
+                return CONTINUE;
+            }
+        } );
+    }
 }
diff --git a/src/test/resources/org/codehaus/mojo/display-property-updates/issue-367/child/pom.xml b/src/test/resources/org/codehaus/mojo/display-property-updates/issue-367/child/pom.xml
new file mode 100644
index 0000000000..270daa5a5d
--- /dev/null
+++ b/src/test/resources/org/codehaus/mojo/display-property-updates/issue-367/child/pom.xml
@@ -0,0 +1,20 @@
+<project>
+    <modelVersion>4.0.0</modelVersion>
+    <parent>
+        <groupId>default-group</groupId>
+        <artifactId>parent</artifactId>
+        <version>1.0.0</version>
+    </parent>
+    <artifactId>child</artifactId>
+
+    <dependencyManagement>
+        <dependencies>
+            <dependency>
+                <groupId>default-group</groupId>
+                <artifactId>artifactA</artifactId>
+                <version>${ver}</version>
+            </dependency>
+        </dependencies>
+    </dependencyManagement>
+
+</project>
diff --git a/src/test/resources/org/codehaus/mojo/display-property-updates/issue-367/pom.xml b/src/test/resources/org/codehaus/mojo/display-property-updates/issue-367/pom.xml
new file mode 100644
index 0000000000..3a342f4087
--- /dev/null
+++ b/src/test/resources/org/codehaus/mojo/display-property-updates/issue-367/pom.xml
@@ -0,0 +1,11 @@
+<project>
+    <modelVersion>4.0.0</modelVersion>
+    <groupId>default-group</groupId>
+    <artifactId>parent</artifactId>
+    <version>1.0.0</version>
+    <packaging>pom</packaging>
+
+    <properties>
+        <ver>1.0.0</ver>
+    </properties>
+</project>