Brookfield Property Partners

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Brookfield Property Partners L.P.

Company type	Subsidiary[1]
ISIN	BMG162491499 BMG162491564 BMG162491648
Industry	Commercial property
Founded	January 3, 2013; 12 years ago (2013-01-03)[1]
Headquarters	Hamilton, Bermuda[1]
Area served	United States, Canada, Australia, Europe, Brazil, and Asia[1]
Key people	Ric Clark (chairman) Brian Kingston (CEO)[1] Lowell Baron (president & CIO)
Products	Commercial property
Revenue	US$9.483 billion (2023)[1]
Net income	-US$1.849 billion (2023)[1]
Total assets	US$131.577 billion (2023)[1]
Total equity	US$48.587 billion (2023)[1]
Number of employees	30,200, including affiliates[1]
Parent	Brookfield Corporation
Subsidiaries	Brookfield Properties (35.89% general partnership interest)
Website	bpy.brookfield.com
Footnotes / references [1][2]

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property.^[1] It is headquartered in Hamilton, Bermuda.

The partnership is a wholly-owned subsidiary of Brookfield Corporation, but it has outstanding publicly-traded preferred stock. The partnership owns a 35.89% general partnership interest in Brookfield Properties, while a 63.46% beneficial interest in Brookfield Properties is owned by Brookfield Corporation.^[1]

The partnership was formed in January 2013 and in April 2013, Brookfield Corporation completed the corporate spin-off of the partnership. In August 2018, the partnership acquired the interests in GGP Inc. that it did not already own. In July 2021, the partnership once again became a wholly-owned subsidiary of Brookfield Corporation.^[1]

In 2023, approximately 65% of the partnership's revenues were generated in the United States, while 35% of revenues originated from Canada, Australia, the United Kingdom, Europe, Brazil and Asia.^[1]