Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Rhea-AI Summary

Brookfield Property Partners has declared quarterly distributions for its preferred units, specifically $0.40625 for BPYPP, $0.3984375 for BPYPO, $0.359375 for BPYPN, and $0.390625 for BPYPM. These payments are set to be made on March 31, 2022, to holders on record as of March 1, 2022. As part of a globally recognized real estate portfolio, Brookfield Property Partners owns diverse assets across major markets, with approximately $690 billion in assets managed by its parent, Brookfield Asset Management.

Positive

• Quarterly distributions announced, providing returns to shareholders.
• Healthy preferred unit payments indicate strong cash flow.
• Company's parent manages approximately $690 billion in assets, reflecting financial strength.

Negative

• None.

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

BROOKFIELD NEWS, Feb. 08, 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 March 31, 2022, to holders of record at the close of business on March 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, 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 approximately $690 billion in assets under management. More information is available at www.brookfield.com.

Contact:
Rachel Nappi
Investor Relations
Tel.: (212) 417-7169
Email: Rachel.Nappi@brookfield.com

FAQ

What are the latest distribution amounts for Brookfield Property Partners preferred units?

The latest distributions are $0.40625 for BPYPP, $0.3984375 for BPYPO, $0.359375 for BPYPN, and $0.390625 for BPYPM.

When will the distributions for Brookfield Property Partners be paid?

The distributions are payable on March 31, 2022.

What is the record date for the distributions from Brookfield Property Partners?

The record date for the distributions is March 1, 2022.

How often does Brookfield Property Partners distribute dividends?

Brookfield Property Partners distributes dividends quarterly.