Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 284

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 284
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 accounted for under the equity method by the Corporation, has an additional commitment in BSREP IV, which was previously consolidated by the partnership in the comparative period.

As of December 31, 2024, the partnership paid compensation expense to a subsidiary of Brookfield Asset Management Ltd. of $ 18

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In August 2023, the partnership issued mandatory convertible non-voting preferred shares for proceeds of $ 1.6 8

During the years endedDecember 31, 2024 and December 31, 2023, the partnership sold partial interests in several assets to BWS in order to support the continued scaling of BWS, generating net proceeds of approximately $ 1.8$ 695 The sales were carried out at arm’s length on market terms at existing valuations and resulted in no gain or loss at the time of transaction.

In May 2023, there was a $ 507

On January 1, 2023, the partnership acquired a 23 588 530

On December 9, 2022, Brookfield Corporation completed the distribution of 25 1 2,475
Material Accounting Policies, whereby the partnership records assets and liabilities recognized as a result of transfers of businesses or subsidiaries between entities under common control at carrying value. Differences between the consideration given or received and the carrying amount of the assets and liabilities transferred are recorded within ownership changes in equity.

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NOTE 32. PAYROLL EXPENSE

The partnership has no employees or directors; therefore the partnership does not remunerate key management personnel. Key decision makers of the partnership are all employees of the Manager, who provide management services under the Master Services Agreement.

Throughout the year, the partnership’s general partner incurs director fees, a portion of which are charged to the partnership in accordance with the limited partnership agreement.

NOTE 33. SEGMENT INFORMATION

a)Operating segments

IFRS 8, Operating Segments, requires operating segments to be determined based on internal reports that are regularly reviewed by the chief operating decision maker (“ CODM”) for the purpose of allocating resources to the segment and to assessing its performance. The partnership’s operating segments are organized into four

b) Basis of measurement

The CODM measures and evaluates the operating performance of the partnership’s operating segments based on funds from operations (“ FFO”). This performance metric does not have standardized meanings prescribed by IFRS Accounting Standards and therefore may differ from similar metrics used by other companies and organizations. Management believes FFO