Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Rhea-AI Summary

Brookfield Property Partners (BPY) declared quarterly distributions on its preferred units, with amounts of $0.40625 for BPYPP, $0.3984375 for BPYPO, $0.359375 for BPYPN, and $0.390625 for BPYPM. These payments are set for September 30, 2022, to holders on record by September 1, 2022. As a leading real estate company, Brookfield operates a diverse portfolio across major markets, encompassing various sectors like office, retail, and hospitality. The Partnership is a subsidiary of Brookfield Asset Management, overseeing approximately $725 billion in assets.

Positive

• Quarterly distributions reaffirmed, providing steady income to shareholders.
• Diverse portfolio across multiple real estate sectors enhances stability.

Negative

• None.

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

BROOKFIELD NEWS, Aug. 02, 2022 (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 September 30, 2022, to holders of record at the close of business on September 1, 2022.

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, and student housing.

Brookfield Property Partners is a subsidiary of Brookfield Asset Management Inc., a leading global alternative asset manager with approximately $725 billion in assets under management. 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 dividend amounts for Brookfield Property Partners preferred units?

The dividend amounts are $0.40625 for BPYPP, $0.3984375 for BPYPO, $0.359375 for BPYPN, and $0.390625 for BPYPM.

When will the dividends for BPY and BPYU be paid?

The dividends will be paid on September 30, 2022, to holders on record by September 1, 2022.

How often does Brookfield Property Partners distribute dividends?

Brookfield Property Partners typically distributes dividends quarterly.

What sectors does Brookfield Property Partners operate in?

Brookfield operates in sectors including office, retail, multifamily, logistics, hospitality, manufactured housing, and student housing.