Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Rhea-AI Summary

Brookfield Property Partners announces quarterly distributions on preferred units

Positive

• Brookfield Property Partners declares quarterly distributions on preferred units, ranging from $0.359375 to $0.40625 per unit
• Distributions payable on September 29, 2023, to holders of record on September 1, 2023

Negative

• None.

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

BROOKFIELD NEWS, Aug. 11, 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 September 29, 2023, to holders of record at the close of business on September 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 did Brookfield Property Partners announce?

Brookfield Property Partners announced quarterly distributions on preferred units.

When will the distributions be payable?

The distributions will be payable on September 29, 2023.

Who will receive the distributions?

Holders of record on September 1, 2023, will receive the distributions.

What is the range of the distributions?

The distributions range from $0.359375 to $0.40625 per unit.