Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 98

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 98
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The partnership formed a subsidiary, Brookfield Property Preferred L. P. (“ New LP”), to issue preferred securities (“ New LP Preferred Units”). The partnership and certain of its related entities have agreed to guarantee the securities issued by this entity.

The following tables provide consolidated summary financial information for the partnership, BOP Split, BPO, Brookfield Property Finance ULC, Brookfield Property Preferred Equity Inc., New LP and the holding entities:

  (US$ Millions)                                         Brookfield Property Partners L. P.      Brookfield Property Finance ULC      Brookfield Property Preferred L. P.                   Additional holding entities and eliminations (3)                          
  Year ended December 31, 2024                                                                                                                                                                                                                                        
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                $                                       $                                    $                                            986      $                                                     7,521        9,111  
  Net (loss) income attributable to unitholders (1)      (509)                                   127                                  182                                      (1,420)      154                                                   1,352      (1,420)  
  Year ended December 31, 2023                                                                                                                                                                                                                                        
  Revenue                                                $                                       $                                    $                                            671      $                                                     7,591        9,483  
  Net (loss) income attributable to unitholders (1)      (442)                                   (38)                                 177                                      (1,233)      564                                                   1,875      (1,233)  
  Year ended December 31, 2022                                                                                                                                                                                                                                        
  Revenue                                                $                                       $                                    $                                            844      $                                                     5,532        7,365  
  Net income (loss) attributable to unitholders (1)      (47)                                    141                                  161                                                   450                                                                       

(1) Includes net income attributable to LP Units, GP Units, REUs, Special LP Units and FV LTIP Units.

(2) Includes the Operating Partnership, CanHoldco, Brookfield BPY Retail Holdings II Inc., BPY Bermuda Holdings Limited, and BPY Bermuda Holdings II Limited.

(3) Includes BPY Bermuda Holdings IV Limited, BPY Bermuda Holdings V Limited and BPY Bermuda Holdings VI Limited, which serve as guarantors for BPO but not BOP Split, net of intercompany balances and transactions with other holding entities.

(