Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Rhea-AI Summary

Brookfield Property Partners (BPY) announced quarterly distributions for its preferred units. The Class A preferred units BPYPP, BPYPO, and BPYPN will distribute $0.40625, $0.39844, and $0.35938 per unit respectively, payable on September 30, 2021, to holders of record on September 1, 2021. Additionally, a pro-rated initial distribution of $0.2734 per unit for new preferred units (BPYPM) will also be paid on September 30, 2021. This signifies continued income for shareholders from one of the world's largest real estate companies, with approximately $88 billion in assets.

Positive

• Quarterly distributions declared for preferred units indicate consistent income for shareholders.
• Total assets of Brookfield Property Partners are approximately $88 billion, reflecting a strong market position.

Negative

• None.

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

BROOKFIELD NEWS, Aug. 05, 2021 (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 and BPYPN preferred units of $0.40625 per unit, $0.39844 per unit and $0.35938 per unit, respectively, payable on September 30, 2021, to holders of record at the close of business on September 1, 2021.

In addition, the distributions on the new series of preferred units of Brookfield Property Preferred L.P. (NASDAQ: BPYPM; TSX: BPYP.PR.A) are cumulative from the date of original issue (July 26, 2021) and are payable quarterly in arrears. The Board of Directors has declared the pro-rated initial distribution on these preferred units of $0.2734 per unit payable on September 30, 2021, to holders of record at the close of business on September 1, 2021.

Brookfield Property Partners

Brookfield Property Partners is one of the world’s premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, triple net lease, manufactured housing and student housing.

Brookfield Property Partners is a subsidiary of Brookfield Asset Management Inc., a leading global alternative asset manager with over $625 billion in assets under management. More information is available at www.brookfield.com.

Contact:

Matt Cherry
Senior Vice President, Investor Relations
Tel.: (212) 417-7488
Email: Matthew.Cherry@brookfield.com

FAQ

What is the dividend amount for BPY preferred units?

The dividend amounts for the BPY preferred units are $0.40625 for BPYPP, $0.39844 for BPYPO, and $0.35938 for BPYPN.

When will the dividends for BPY preferred units be paid?

Dividends on BPY preferred units will be paid on September 30, 2021.

What is the frequency of dividends for Brookfield Property Partners?

Dividends for Brookfield Property Partners are payable quarterly.

Are the dividends for the new series of preferred units cumulative?

Yes, the dividends for the new series of preferred units are cumulative from the date of original issue.

What is the payment date for the new preferred units (BPYPM)?

The initial distribution for the new preferred units (BPYPM) is payable on September 30, 2021.