Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 270

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 270
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 accounts payable and other liabilities      $                  5,895                  $      5,741  

(1) See Note 16, Other Non-Current Liabilities for further information on the interest expense related to these liabilities.

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NOTE 18. EQUITY

The partnership’s capital structure is comprised of five

a) General and limited partnership units

GP Units entitle the holder to the right to govern the financial and operating policies of the partnership. The GP Units are entitled to a 1

LP Units entitle the holder to their proportionate share of distributions. Each LP Unit entitles the holder thereof to one 49

General Partnership Units

There were 138,875

Limited Partnership Units

There were 351,213,678 321,046,797 298,985,982

b) Units of the Operating Partnership held by Brookfield Corporation

Redeemable/Exchangeable Partnership Units

There were 621,406,758 567,854,792 529,473,303

There were 6,147,901 5,797,155 4,759,997

c) FV LTIP Units

The partnership issued FV LTIP units under the Brookfield Property L. P. FV LTIP Unit Plan to certain participants in 2019. Each outstanding FV LTIP Unit vests over a period of five years 522,649 772,537 1,571,709

d) Preferred Equity Units

During the year ended December 31, 2019, the partnership issued 7,360,000 25.00 6.5 10,000,000 25.00 6.375 722 24

During the year ended December 31, 2020, the partnership issued 11,500,000 25.00 5.75 288 9 699 699

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e) Distributions

Distributions made to each class of partnership units, including units of subsidiaries that are exchangeable into LP Units, are as follows:

  (US$ Millions, except per unit information) Years ended Dec. 31,      2024                 2023                 2022             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Limited partners                                                      $           452      $           440      $           419  
  Holders of:                                                                                                                      
  Redeem