Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 68

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 68
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 the performance of its operations as described in the “ Non-IFRS Accounting Standards Financial Measures” section on page 72. An analysis of the measures and reconciliation to IFRS Accounting Standards measures is included in the “ Reconciliation of Non-IFRS Accounting Standards measures” section on page 74.

The following table presents FFO by segment:

  (US$ Millions) Years ended Dec. 31,      2024                  2023                  2022            
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Office                                   $           (11)      $            185      $          325  
  Retail                                   367                   345                   626             
  LP Investments                           (57)                  (98)                  288             
  Corporate                                (843)                 (756)                 (653)           
  FFO (1)                                  $          (544)      $          (324)      $          586  

(1) This is a non-IFRS Accounting Standards measure our partnership uses to assess the performance of its operations as described in the “ Non-IFRS Accounting Standards Financial Measures” section on page 72. An analysis of the measures and reconciliation to IFRS Accounting Standards measures is included in the “ Reconciliation of Non-IFRS Accounting Standards measures” section on page 74.

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The following table presents equity attributable to Unitholders by segment as of December 31, 2024 and 2023:

  (US$ Millions)                              Dec. 31, 2024                    Dec. 31, 2023                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Office (1)                                  $                    10,623      $                    12,103  
  Retail (1)                                                       16,416                           15,908  
  LP Investments (1)                                                4,915                            6,891  
  Corporate (1)                                                  (10,426)                         (12,346)  
  Equity attributable to Unitholders (1)      $                    21,528      $                    22,556  

(1) This is a non-IFRS Accounting Standards measure our partnership uses to assess the performance of its operations as described in the “ Non-IFRS Accounting Standards Financial Measures” section on page 72. An analysis of the measures and reconciliation to IFRS Accounting Standards measures is included in the “ Reconciliation of Non