Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 285

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 285
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 is the most consistent metric to measure the partnership’s financial statements and for the purpose of allocating resources and assessing its performance.

The partnership defines FFO as net income, prior to fair value gains, net, depreciation and amortization of real estate assets, and income taxes less non-controlling interests of others in operating subsidiaries and properties share of these items. When determining FFO, the partnership also includes its proportionate share of the FFO of unconsolidated partnerships and joint ventures and associates.

c) Reportable segment measures

The following summaries present certain financial information regarding the partnership’s operating segments for the years ended December 31, 2024, 2023, and 2022.

  (US$ Millions)            Total revenue                                       FFO                             
  Years ended Dec. 31,      2024                                                2024        2023        2022    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Office                    $                  1,954      1,998      2,210      $           $           $       
  Retail                                       1,548      1,559      1,557      367         345         626     
  LP Investments                               5,353      5,678      3,593      ( 57)       ( 98)       288     
  Corporate                 256                                                 ( 843)      ( 756)      ( 653)  
  Total                     $                  9,111      9,483      7,365      $           $           $       

The following summary presents the detail of total revenue from the partnership’s operating segments for the years ended December 31, 2024, 2023 and 2022:

  (US$ Millions)                           Other revenue from tenants                            Investment and other revenue      Total revenue             
  Year ended Dec. 31, 2024                                                                                                                                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Office                        1,287      $                                 454         27      $                                 $                  1,954  
  Retail                        1,143      271                                                   134                                                  1,548  
  LP Investments                2,356      450                                        2,330      217                                                  5,353  
  Corporate                                —                                                     256                               256                       
  Total                         4,786      $