Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Rhea-AI Summary

Brookfield Property Partners (BPY) has declared quarterly distributions for its preferred units, with amounts of $0.40625, $0.3984375, $0.359375, and $0.390625 per unit for BPYPP, BPYPO, BPYPN, and BPYPM respectively. These distributions are payable on December 30, 2022, to holders of record by December 1, 2022. As a subsidiary of Brookfield Asset Management, Brookfield Property Partners operates a diverse global real estate portfolio across various sectors including office, retail, and hospitality.

Positive

• Declared quarterly distributions for preferred units, providing consistent income for shareholders.
• Strong backing from Brookfield Asset Management, a leading asset manager with over $750 billion in assets.

Negative

• None.

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

BROOKFIELD NEWS, Nov. 03, 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 December 30, 2022, to holders of record at the close of business on December 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 over $750 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 preferred unit dividends are $0.40625 for BPYPP, $0.3984375 for BPYPO, $0.359375 for BPYPN, and $0.390625 for BPYPM.

When will the dividends for Brookfield Property Partners be paid?

The dividends will be paid on December 30, 2022.

What is the record date for receiving dividends from Brookfield Property Partners?

The record date for receiving dividends is December 1, 2022.

How does Brookfield Property Partners support its dividend payments?

Brookfield Property Partners is supported by Brookfield Asset Management, which manages over $750 billion in assets.