Brookfield Property REIT Inc. Declares Quarterly Dividends

Rhea-AI Summary

BROOKFIELD NEWS, Nov. 06, 2020 - Brookfield Property REIT (NASDAQ: BPYU) has declared a quarterly dividend of $0.3325 per share on Class A Stock, payable on December 31, 2020 to shareholders on record as of November 30, 2020. Additionally, a quarterly dividend of $0.39844 per share on the 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPYUP) will be paid on January 1, 2021 to stockholders of record as of December 15, 2020. Brookfield Property REIT is part of Brookfield Property Partners, managing a diversified portfolio valued at approximately $88 billion.

Positive

• Quarterly dividend of $0.3325 per share provides income for shareholders.
• Strong financial backing with approximately $88 billion in total assets.

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• None.

BROOKFIELD NEWS, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share on its Class A Stock payable on December 31, 2020 to shareholders of record at the close of business on November 30, 2020.

The Board of Directors has also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPYUP) of $0.39844 per share payable on January 1, 2021, to stockholders of record on December 15, 2020.

About 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 are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, logistics, hospitality, self-storage, student housing and manufactured housing assets.

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

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

FAQ

What is the dividend amount for BPYU for Q4 2020?

The dividend amount for BPYU for Q4 2020 is $0.3325 per share.

When is the BPYU dividend payment date?

The BPYU dividend payment date is December 31, 2020.

Who is eligible for the BPYU dividend?

Shareholders of record at the close of business on November 30, 2020, are eligible for the BPYU dividend.

What is the dividend for the preferred stock BPYUP?

The dividend for the 6.375% Series A Cumulative Redeemable Preferred Stock (BPYUP) is $0.39844 per share.