Brookfield Property Partners Announces New Preferred Unit Dividends

Brookfield Property Partners Announces Quarterly Distributions

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

BROOKFIELD NEWS — Brookfield Property Partners, often referred to as BPY, has revealed that its Board of Directors has declared the quarterly distributions on preferred units for investors. The announced distributions are as follows: $0.40625 for Class A Nasdaq-listed BPYPP, $0.3984375 for BPYPO, $0.359375 for BPYPN, and $0.390625 for BPYPM. These dividends are set to be payable on December 31, 2024, and are for those holding units as of the close of business on December 2, 2024.

Understanding Brookfield Property Partners

Brookfield Property Partners stands as a leading global player in the real estate sector, managing a diverse portfolio that is evident across vital markets worldwide. The Partnership has diversified interests spanning various sectors, including office spaces, retail outlets, multifamily units, logistics hubs, hospitality venues, and even self-storage units. This wide array of properties showcases the company’s commitment to underlining its presence in numerous real estate segments.

A Diversified Global Portfolio

With a focus on iconic properties, Brookfield Property Partners consistently aims to enhance and operate its real estate investments wisely. By fostering relationships across sectors and ensuring quality management, BPY is dedicated to maintaining the integrity and value of its portfolio, which includes not only office and retail spaces but also vital housing solutions such as student housing and manufactured homes.

The Significance of Preferred Units

The declared dividends on BPY’s preferred units illustrate the Partnership’s ongoing commitment to its investors. Preferred units are a unique investment vehicle, offering appealing returns mainly in the form of stable dividend payments. Investors who opt for these units can expect more predictable income distributions, which can be especially attractive in fluctuating market conditions.

Investor Relations and Communication

Brookfield Property Partners places great importance on keeping its stakeholders informed about significant developments and financial announcements. The Partnership’s engagement with its investors ensures transparency and encourages confidence in their investments. In doing so, BPY demonstrates its commitment to building long-term relationships based on trust and performance.

Connecting with Brookfield Corporation

As a subsidiary of Brookfield Corporation, which trades on both the NYSE and TSX under the ticker symbols BN and BN, respectively, Brookfield Property Partners benefits from the robust support and resources that parent company provides. This affiliation empowers BPY to access broader markets and leverage strategic opportunities for growth, enhancing its value proposition to investors.

Contact Information for Investors

For additional inquiries, investors can reach out to Keren Dubon, who oversees Investor Relations for Brookfield Property Partners. She can be contacted at (212) 618-3440 or via email at Keren.Dubon@brookfield.com. Keren is dedicated to assisting investors with any questions or concerns they may have, emphasizing the company’s commitment to outstanding investor service.

Frequently Asked Questions

What are the recent dividend announcements by Brookfield Property Partners?

Brookfield Property Partners declared quarterly distributions on several preferred units, with specific amounts outlined for each unit type.

What types of properties does Brookfield Property Partners manage?

Brookfield Property Partners has a diversified portfolio, including office spaces, retail, multifamily units, logistics, hospitality, and more.

How can investors reach the Investor Relations department?

Investors can contact Keren Dubon in Investor Relations at (212) 618-3440 or at Keren.Dubon@brookfield.com.

What is the significance of preferred units for investors?

Preferred units offer stable and predictable dividend payments, attracting investors seeking consistent income.

How does Brookfield Corporation support Brookfield Property Partners?

As a subsidiary, Brookfield Corporation provides resources and support, enhancing growth opportunities for Brookfield Property Partners.

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