Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Rhea-AI Summary

Brookfield Property Partners (BPY) Declares Quarterly Distributions on Preferred Units. The Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units. The distributions are $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit, and $0.390625 per unit, respectively, payable on or before December 31, 2023, to holders of record at the close of business on December 1, 2023. Brookfield Property Partners is a premier real estate company with a global portfolio including various property types.

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

BROOKFIELD NEWS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on or before December 31, 2023, to holders of record at the close of business on December 1, 2023.

Brookfield Property Partners

Brookfield Property Partners is one of the world’s premier real estate companies. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing and self-storage.

Brookfield Property Partners is a subsidiary of Brookfield Corporation (NYSE: BN, TSX: BN). More information is available at www.brookfield.com.

Contact:

Rachel Nappi
Director, Investor Relations
Tel.: (212) 417-7169
Email: Rachel.Nappi@brookfield.com

FAQ

What are the quarterly distributions declared by Brookfield Property Partners?

The quarterly distributions declared by Brookfield Property Partners are $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit, and $0.390625 per unit, respectively, for the preferred units BPYPP, BPYPO, BPYPN, and BPYPM (TSX: BPYP.PR.A).

When are the distributions payable?

The distributions are payable on or before December 31, 2023.

Who can receive the distributions?

The distributions are payable to holders of record at the close of business on December 1, 2023.

What types of properties are included in Brookfield Property Partners' global portfolio?

Brookfield Property Partners' global portfolio includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing, and self-storage properties.