Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Rhea-AI Summary

Brookfield Property Partners (BPY) announced a quarterly distribution for its Class A preferred units, with amounts set at $0.40625, $0.3984375, $0.359375, and $0.390625 per unit for BPYPP, BPYPO, BPYPN, and BPYPM, respectively. These distributions are payable on March 31, 2023, to holders of record as of March 1, 2023. BPY is a prominent global real estate firm operating across major markets, with a diverse portfolio that includes office, retail, and residential properties. The partnership is a subsidiary of Brookfield Asset Management, managing around $800 billion in assets.

Positive

• Quarterly distributions declared for preferred units, providing income for shareholders.
• Total assets under management by Brookfield Asset Management amount to approximately $800 billion, indicating strong financial backing.

Negative

• None.

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

BROOKFIELD NEWS, Feb. 06, 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 March 31, 2023, to holders of record at the close of business on March 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 Asset Management Inc., a leading global alternative asset manager with approximately $800 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 BPY's 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 dividend for BPY's preferred units be paid?

The dividends will be paid on March 31, 2023.

What is the record date for BPY's dividend payment?

The record date for the dividend payment is March 1, 2023.