Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 260

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 260
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 on the discount rate includes properties valued using the DCF method as well as properties valued using an overall implied capitalization rate under the direct capitalization method.

During the year ended December 31, 2024, the partnership capitalized a total of $ 1,302 1,326 1,261 1,280 41 46 7.5 5.4

NOTE 4. INVESTMENTS IN SUBSIDIARIES

The partnership considers all relevant facts and circumstances in determining that its decision making rights over the entities listed below are sufficient to give it power over these subsidiaries. In addition, the partnership has exposure and rights to substantial variable returns from its economic interests in these subsidiaries, even after consideration of material non-controlling interests in certain subsidiaries. The partnership is able to use its power to affect the amount of its returns and consolidates these subsidiaries.

The following table presents the partnership’s material subsidiaries as of December 31, 2024 and 2023:

                                                        Jurisdiction of formation      Economic interest                         Voting interest                     
                                                                                           Dec. 31, 2024      Dec. 31, 2023      Dec. 31, 2024        Dec. 31, 2023  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Subsidiary of the partnership (1)                     Bermuda                                       36                 36      100                  100            
  Holding entities of the Operating Partnership         Various                                      100                100      100                  100            
  Real estate subsidiaries of the holding entities                                                                                                                   
  BPO                                                   Canada                                       100                100      100                  100            
  U. S. Retail                                          United States                                100                100      100                  100            
  U. S. Manufactured Housing (2)                        United States                                 23                 24      —                    —              
  U. S. Multifamily (3)                                 United States                                 27                  —      —                    —              
  Korea Mixed-use (2)                                   South Korea                                   22                 22      —                    —              
  UK and Ireland Short Stay (2)                         United Kingdom                                27                 27      —                    —              
  U. S. Hospitality (4)                                 United States                                  —                 23      —                    —              
  U. S. Logistics (4)                                   United States                                  —                 23      —                    —