Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 278

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 278
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 principal liquidity needs for periods beyond the next year are for scheduled debt maturities, distributions, recurring and non-recurring capital expenditures, development costs, potential property acquisitions, capital contributions to operating subsidiaries and the partnership’s capital commitments to various funds. The partnership plans to meet these needs with one or more of: cash flows from operations; construction loans; creation of new funds; proceeds from sales of assets; proceeds from sale of non-controlling interests in subsidiaries and properties; and credit facilities and refinancing opportunities.

The table below presents the partnership’s contractual obligations as of December 31, 2024:

  (US$ Millions)                         Payments due by period                                                                
  Dec. 31, 2024                          < 1 Year                    1 Year      2 Years      3 Years      4 Years             
  Debt obligations (1)       50,908      $                                $      $            $            $            3,317  
  Capital securities          2,829      158                            734      —            69           2            1,866  
  Lease obligation            3,229      49                              45      44           45           45           3,001  
  Commitments (2)                        124                             18      —            —            —                   
  Interest expense (3):                                                                                                        
  Debt obligations            7,121                                                           822          503                 
  Capital securities          2,602      176                            190      141          148          154          1,793  
  Interest rate swaps                    ( 2)                             1      4            1            —                   

(1) Debt obligations gross of deferred financing costs of $ 225

(2) Primarily consists of construction commitments on commercial developments.

(3) Represents aggregate interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates.

NOTE 30. FINANCIAL INSTRUMENTS

a) Derivatives and hedging activities

The partnership and its operating entities use derivative and non-derivative instruments to manage financial risks, including interest rate and foreign exchange risks. The use of derivative contracts is governed by documented risk management policies and approved limits. The partnership does not use derivatives for speculative purposes. The partnership and its operating entities use the following derivative instruments to manage these risks:

• foreign currency forward contracts to hedge exposures to Canadian Dollar, Australian Dollar, British Pound, Euro, Chinese