Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 264

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 264
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 and other                                   92                              —              
  Reclassification of BSREP IV investments to assets held for sale (1)                313                              8              
                                                                                 ( 1,225)                       ( 1,428)              
  Total property, plant and equipment (3)                                               $       5,484                  $      11,085  

(1) See Note 31, Related Parties for further information on the Acquisition of Foreign Investments and Reclassification of BSREP IV investments to assets held for sale.

(2) Revaluation (losses) gains, net includes revaluation losses of $ 23- gains of $ 704 80 57

(3) Includes right-of-use assets of $ 120-$ 304

NOTE 8. GOODWILL

Goodwill of $ 931 1,450 754 767 177 201 413Note 31, Related Parties for further information. The partnership performs a goodwill impairment test annually by assessing if the carrying value of the cash-generating unit, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less costs to sell or the value in use.

The partnership tested goodwill and trademark assets recorded as an intangible asset (Refer to Note 9, Intangible Assets) for impairment as of December 31, 2024, primarily attributed to UK and Ireland Short Stay. The current year analysis for UK and Ireland Short Stay uses a 10-year 3 5,615 5,202 4,474 4,283 6.0 5.9 11.4 11.0 13.5 11.4 2.5 1.7 6.8 7.7

- F-32 -

NOTE 9. INTANGIBLE ASSETS

These intangible assets primarily represent the trademark assets related to UK and Ireland Short Stay.

The trademark assets of UK and Ireland Short Stay had a carrying amount of $ 893 905 Goodwill for detail on the impairment analysis.

  Intangible assets by class      Useful life (in years)  
  Trademarks                      Indefinite              
  Other                           4 to 7                  

Intangible assets with finite useful lives are amortized over their respective useful lives as listed above. Amortization is recorded as part of depreciation and amortization included in Direct Hospitality Expense. Refer toNote 24, Direct Hospitality Expense.

The following table presents the components of the partnership’s intangible assets