Brookfield Property Partners Reports Fourth Quarter & Full-Year 2019 Results

Net Income of $1.5 Billion for the Quarter and $3.2 Billion for the Year;
Company FFO and Realized Gains of $459 Million for the Quarter and $1.5 Billion for the Year

All dollar references are in U.S. dollars, unless noted otherwise.

BROOKFIELD NEWS, Feb. 05, 2020 (GLOBE NEWSWIRE) — Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPR; TSX: BPY.UN) (“BPY”) today announced financial results for the quarter and year ended December 31, 2019.

“In 2019 BPY generated a total return to unitholders of more than 20% and we continued to reinvest capital raised from the sales of mature assets into higher returning opportunities, including over $500 million of unit buybacks,” said Brian Kingston, Chief Executive Officer. “During the year we also delivered nearly five million square feet of newly developed best-in-class, premier assets across several of our major markets that will begin contributing meaningfully to BPY’s earnings in 2020 and moving forward.”

Financial Results