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February 07, 2016 10:58 AM ET

Real Estate Management and Development

Company Overview of Brookfield Property Partners L.P.

Company Overview

Brookfield Property Partners L.P. owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. As of April 1, 2013, the company had interests in approximately 300 office and retail properties covering approximately 250 million square feet; approximately 15,600 multi-family units; and 29 million square feet of industrial space, as well as an 18 million square foot office development pipeline. It also has investments in distressed and under-performing real estate assets and businesses; and commercial real estate mortgages and mezzanine loans. The company is headquartered in Hamilton, Bermuda. Brookfield Property Partners L.P. (NYSE:BPY.WI) operates inde...

73 Front Street

5th Floor

Hamilton,  HM 12

Bermuda

Key Executives for Brookfield Property Partners L.P.

Brookfield Property Partners L.P. does not have any Key Executives recorded.

Brookfield Property Partners L.P. Key Developments

Brookfield Property Partners L.P. Announces Quarterly Distribution Payable on March 31, 2016

Brookfield Property Partners L.P. announced an increase in the company's quarterly distribution from $0.265 to $0.28 per unit ($1.12 per unit on an annual basis). The Board has also declared the quarterly distribution of $0.28 per unit payable on March 31, 2016 to unitholders of record at the close of business on February 29, 2016.

Brookfield Property Partners L.P. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015

Brookfield Property Partners L.P. reported consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, commercial property and hospitality revenue was $1,199 million against $1,035 million a year ago. Net income was $1,157 compared with $1,595 million a year ago. Net income attributable to unit holders was $863 million or $1.21 per share against $1,492 million or $2.09 per share a year ago. FFO was $211 million against $170 million a year ago. Company FFO was $242 million against $190 million a year ago. Company FFO per unit $0.34 against $0.27 a year ago. For the year, commercial property and hospitality revenue was $4,492 million against $4,021 million a year ago. Net income was $3,766 compared with $4,420 million a year ago. Net income attributable to unit holders was $2,915 million or $4.09 per share against $3,734 million or $5.59 per share. FFO was $710 million against $714 million a year ago. Company FFO was $839 million against $739 million a year ago. Company FFO per unit $1.18 against $1.11 a year ago.

Brookfield Seeks Acquisitions

Brookfield Property Partners L.P. (NYSE:BPY) is looking for acquisition opportunities. Brookfield is shopping for buildings in North American cities hardest hit by the oil slump. Brookfield can find low prices on properties and energy-related businesses Chairman Ric Clark told Bloomberg in Dubai. Brookfield is also looking at apartment towers in Houston.

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