Brookfield Property REIT Inc. Announces Tax Reporting Information for 2020 Distributions on Shares of Brookfield Property REIT Inc.

Rhea-AI Summary

Brookfield Property REIT Inc. (NASDAQ: BPYU) announced 2020 tax reporting details for its distributions on Class A Stock and 6.375% Series A Preferred Stock. Total distributions for Class A Stock amounted to $1.33 per share, with all categorized as ordinary distributions. For the Series A Preferred Stock, total distributions reached $1.99 per share, again with all classified as ordinary. Federal Form 1099s will be mailed by January 31, 2021. Investors should refer to forms 8937 on the company website for further tax information.

Positive

• Total distributions for BPYU Class A Stock are $1.33 per share, all as ordinary distributions.
• Total distributions for BPYUP Series A Preferred Stock are $1.99 per share, all as ordinary distributions.
• Timely tax reporting is ensured with Form 1099s to be mailed by January 31, 2021.

Negative

• None.

BROOKFIELD NEWS, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today the tax reporting information for 2020 distributions on its Class A Stock and 6.375% Series A Cumulative Redeemable Preferred stock (NASDAQ: BPYUP) as shown below.

					2020 TAX INFORMATION - BPYU Class A Stock
			Total					Box 1a			Box 2a			Box 3
Record	Payable	Type of	2020 Distribution		Total Taxable			Ordinary			Capital Gain			Nondividend
Date	Date	Distribution	Per Share		Distribution			Dividends			Distribution			Distribution
2/28/2020	3/31/2020	Cash	$0.332500		$0.000000			$0.000000			$0.000000			$0.332500
5/29/2020	6/30/2020	Cash	$0.332500		$0.000000			$0.000000			$0.000000			$0.332500
8/31/2020	9/30/2020	Cash	$0.332500		$0.000000			$0.000000			$0.000000			$0.332500
11/30/2020	12/31/2020	Cash	$0.332500		$0.000000			$0.000000			$0.000000			$0.332500
		TOTAL	$1.330000		$0.000000			$0.000000			$0.000000			$1.330000
PERCENT OF ANNUAL TOTAL					0.00%			0.00%			0.00%			100.00%
					2020 TAX INFORMATION - BPYUP 6.375% Series A Cumulative Redeemable Preferred Stock
			Total					Box 1a			Box 2a			Box 3
Record	Payable	Type of	2020 Distribution		Total Taxable			Ordinary			Capital Gain			Nondividend			2021 Taxable
Date	Date	Distribution	Per Share		Distribution			Dividends			Distribution			Distribution			Distribution
12/13/2019	1/1/2020	Cash	$0.3984375		$0.000000			$0.000000			$0.000000			$0.3984375			N/A
3/15/2020	4/1/2020	Cash	$0.3984375		$0.000000			$0.000000			$0.000000			$0.3984375			N/A
6/15/2020	7/1/2020	Cash	$0.3984375		$0.000000			$0.000000			$0.000000			$0.3984375			N/A
9/15/2020	10/1/2020	Cash	$0.3984375		$0.000000			$0.000000			$0.000000			$0.3984375			N/A
12/15/2020	1/1/2021	Cash	$0.3984375		$0.000000			$0.000000			$0.000000			$0.000000			$0.3984375
		TOTAL	$1.9921875		$0.000000			$0.000000			$0.000000			$1.593750			$0.3984375
PERCENT OF ANNUAL TOTAL					0.00%			0.00%			0.00%			100.00%

Participants should refer to their Federal Form 1099 which will be mailed no later than January 31, 2021. Registered holders of Brookfield Property REIT Inc. should contact American Stock Transfer & Trust Company, LLC at (800) 937-5449 for further information while beneficial owners should contact their broker with any questions pertaining to their tax forms.

Pertinent forms 8937 were published on the company website: bpy.brookfield.com/bpyu.

Taxability of the 2020 distributions is not necessarily indicative of future distributions.

Brookfield Property REIT Inc.

Brookfield Property REIT Inc. (“BPYU”) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (“BPY”) one of the world’s premier real estate companies, with approximately $88 billion in total assets. BPYU was created as a public security that is intended to offer economic equivalence to an investment in BPY in the form of a U.S. REIT stock.

Brookfield Property Partners owns and operates iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing.

Further information is available at bpy.brookfield.com/bpyu.

Brookfield Contact:

Matthew Cherry
Senior Vice President, Investor Relations
Tel: (212) 417-7488 / Email: matthew.cherry@brookfield.com

FAQ

What are the 2020 distributions for Brookfield Property REIT Inc. (BPYU)?

The 2020 distributions for BPYU Class A Stock totaled $1.33 per share, all classified as ordinary distributions.

How much did the 6.375% Series A Preferred Stock (BPYUP) distribute in 2020?

The 6.375% Series A Cumulative Redeemable Preferred Stock (BPYUP) had total distributions of $1.99 per share, with all amounts categorized as ordinary.

When will the Form 1099 be mailed for BPYU distributions?

The Form 1099 for BPYU distributions will be mailed no later than January 31, 2021.

Where can I find the tax information forms for BPYU?

Tax information forms such as 8937 can be found on the Brookfield Property REIT Inc. website at bpy.brookfield.com/bpyu.