Brookfield Property Partners LP (BPYPN) Financials

No reported quarters yet.

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	—	—	—	$7.1B	—
FY24	—	—	—	—	$9.1B	—
FY23	—	—	—	—	$9.5B	—
FY22	—	—	—	—	$7.4B	—
FY21	—	—	—	—	$7.1B	—
FY20	—	—	—	—	$6.6B	—
FY19	—	—	—	—	$8.2B	—
FY18	—	—	—	—	$7.2B	—
FY17	—	—	—	—	$6.1B	—
FY16	—	—	—	—	$5.4B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.4B	$6.1B	$7.2B	$8.2B	$6.6B	$7.1B	$7.4B	$9.5B	$9.1B	$7.1B
YoY change	+10.3%	+14.6%	+18%	+13.3%	-19.6%	+7.69%	+3.73%	+28.8%	-3.92%	-21.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.4B	6.1B	7.2B	8.2B	6.6B	7.1B	7.4B	9.5B	9.1B	7.1B
Cost of revenue	2.4B	2.8B	3.1B	3.6B	3B	3.1B	3.3B	4.7B	4.3B	3.2B
Gross profit	2.9B	3.3B	4.1B	4.6B	3.6B	4B	4B	4.8B	4.8B	3.9B
Gross margin	54.6%	53.8%	57%	56%	55.2%	55.8%	54.9%	50.1%	52.8%	54.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	489M	542M	619M	816M	792M	876M	904M	1.3B	1.3B	1.2B
Operating expenses	489M	542M	619M	816M	792M	876M	904M	1.3B	1.3B	1.2B
Operating income	2.2B	2.5B	3.2B	3.8B	2.8B	3.1B	3.1B	3.4B	3.5B	2.7B
Operating margin	41%	40.5%	44.2%	46.1%	43.2%	43.5%	42.6%	36.2%	38.3%	38.2%
Non-operating income, net	1.6B	2.1B	3B	2.5B	-2.1B	3.5B	820M	-874M	-430M	649M
Pretax income	2.1B	2.7B	3.7B	3.4B	-1.8B	4B	1.3B	-2.3B	-1.7B	-148M
Income tax	-575M	192M	81M	196M	220M	490M	281M	-419M	289M	157M
Net income	2.7B	2.5B	3.7B	3.2B	-2.1B	3.5B	996M	-1.8B	-2B	-305M
Net margin	50.8%	40.2%	50.5%	38.5%	-31.2%	49.3%	13.5%	-19.5%	-21.9%	-4.27%
EBITDA	3.5B	3.7B	4.5B	6.1B	2.4B	4.4B	4.3B	3.7B	4.2B	3.9B
EPS	—	—	—	—	—	—	—	—	—	—
Diluted EPS	—	—	—	—	—	—	—	—	—	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.4B	2.5B	2.3B	2.4B	2.5B	1.9B	1.7B	1.8B	1.8B	1.8B	1.7B	1.9B
Cost of revenue	1.3B	1.2B	1.2B	1.1B	1.2B	820M	779M	891M	799M	780M	810M	943M
Gross profit	1.2B	1.3B	1.2B	1.3B	1.3B	1.1B	970M	911M	951M	1.1B	875M	943M
Gross margin	48%	51%	50.3%	52.7%	52%	56.9%	55.5%	50.6%	54.3%	57.7%	51.9%	50%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	323M	345M	334M	321M	343M	324M	286M	308M	314M	257M	334M	330M
Operating expenses	323M	345M	334M	321M	343M	324M	286M	308M	314M	257M	334M	330M
Operating income	845M	922M	832M	956M	940M	758M	684M	603M	637M	809M	541M	613M
Operating margin	34.7%	37.1%	35.9%	39.5%	38.1%	39.9%	39.1%	33.5%	36.4%	43.8%	32.1%	32.5%
Non-operating income, net	140M	-701M	-246M	-417M	-129M	362M	116M	239M	-55M	349M	346M	387M
Pretax income	-237M	-1B	-627M	-742M	-494M	155M	-140M	-16M	-294M	302M	61M	121M
Income tax	130M	-409M	82M	47M	31M	129M	-11M	30M	7M	131M	106M	59M
Net income	-367M	-630M	-709M	-789M	-525M	26M	-129M	-46M	-301M	171M	-45M	62M
Net margin	-15.1%	-25.4%	-30.6%	-32.6%	-21.3%	1.37%	-7.38%	-2.55%	-17.2%	9.26%	-2.67%	3.29%
EBITDA	1.1B	926M	1.1B	1.2B	1.1B	913M	973M	860M	796M	1.3B	889M	1B
EPS	—	—	—	—	—	—	—	—	—	—	—	—
Diluted EPS	—	—	—	—	—	—	—	—	—	—	—	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	—	—	—	—	—	0
Enterprise value	—	—	—	—	—	—	—	—	—	—	77.9B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	—	—	—	—	6.08
P/S	—	—	—	—	—	—	—	—	—	—	0
P/B	—	—	—	—	—	—	—	—	—	—	0.69
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	22.4
EV/Sales	—	—	—	—	—	—	—	—	—	—	10.1
Earnings yield	—	—	—	—	—	—	—	—	—	—	16.4%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	54.6%	53.8%	57%	56%	55.2%	55.8%	54.9%	50.1%	52.8%	54.5%	50%
Operating margin	41%	40.5%	44.2%	46.1%	43.2%	43.5%	42.6%	36.2%	38.3%	38.2%	39.8%
Net margin	50.8%	40.2%	50.5%	38.5%	-31.2%	49.3%	13.5%	-19.5%	-21.9%	-4.27%	-3.31%
ROE	7.95%	7.03%	7.82%	7.03%	-4.96%	7.77%	2.39%	-3.81%	-5.22%	-0.72%	-0.27%
ROA	3.48%	2.93%	2.98%	2.83%	-1.91%	3.12%	0.89%	-1.41%	-1.95%	-0.31%	1.97%
ROIC	3.29%	3.23%	2.9%	3.56%	2.99%	2.81%	2.5%	2.92%	3.86%	3.02%	0%
Return on tangible assets	3.66%	3.09%	3.1%	2.94%	-1.98%	3.23%	0.92%	-1.46%	-2.02%	-0.32%	-0.11%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.51	0.33	0.69	0.26	0.27	0.75	0.29	0.26	0.37	0.4	0.82
Quick ratio	0.51	0.33	0.69	0.26	0.27	0.72	0.29	0.25	0.36	0.37	0.79
Debt / equity	1	1.07	1.38	1.26	1.36	1.2	1.44	1.46	1.42	1.17	0.93
Debt / assets	0.44	0.45	0.53	0.51	0.52	0.48	0.53	0.54	0.53	0.5	0.37
Net debt / EBITDA	9.44	9.72	13.8	9.05	22.3	11.7	13.2	18.3	12.3	12.3	9.19
Interest coverage	2.27	2.35	2.52	2.15	0.29	2.54	1.48	0.53	0.64	0.96	1.06
Effective tax rate	0%	7.22%	2.17%	5.85%	0%	12.3%	22%	0%	0%	0%	100%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	—	—	—	—	—	—	—	—	—	17.2
EPS (diluted)	—	—	—	—	—	—	—	—	—	—	2.2
Book value per share	—	—	—	—	—	—	—	—	—	—	19.4
Cash per share	—	—	—	—	—	—	—	—	—	—	3.33

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.02%	4.07%	0.61%	4.33%	2.12%	3.06%	2.02%	3.17%	1.75%	—	—
Capex / operating cash flow	9.57%	9.05%	1.18%	9.77%	-8.97%	5.18%	10.3%	-15.5%	-10.8%	—	—
Payout ratio	29.3%	33.6%	29%	40.6%	-62.5%	26.4%	121.8%	-69%	-65.3%	-423.9%	-1.2K%
Dividend yield	—	—	—	—	—	—	—	—	—	—	10.8%

Yield

10.8%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.3594

ex-dividend Sep 1, 2026

Payout ratio

-1150%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.3594
Jun 1, 2026	$0.3594
Feb 27, 2026	$0.3594
Dec 1, 2025	$0.3594
Sep 2, 2025	$0.3594
Jun 2, 2025	$0.3594
Mar 3, 2025	$0.3594
Dec 2, 2024	$0.3594

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2.4B	$2.5B	$2.3B	$2.4B	$2.5B	$1.9B	$1.7B	$1.8B	$1.8B	$1.8B	$1.7B	$1.9B
YoY change	+38.6%	+37%	+3.57%	+4.13%	+1.36%	-23.4%	-24.6%	-25.6%	-29%	-2.94%	-3.66%	+4.66%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.5B	1.5B	3.3B	1.4B	2.5B	2.6B	4B	2.3B	2.2B	1.9B
Receivables	414M	421M	794M	510M	753M	852M	787M	1.4B	730M	632M
Inventory	—	—	—	—	131M	574M	176M	131M	234M	510M
Total current assets	4.2B	3.9B	7.1B	3.3B	5B	15.4B	7.1B	9B	8.1B	7B
Property, plant & equipment	-719M	-750M	-1B	-1.3B	-828M	-863M	-1B	-1.4B	-1.2B	-1.5B
Goodwill & intangibles	3.8B	4.5B	4.6B	4.4B	4.1B	3.6B	3.8B	5B	3.7B	4.5B
Total assets	78.1B	84.3B	122.5B	111.6B	108B	112B	112.5B	131.6B	102.6B	99.3B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	5.6B	6.9B	6.7B	9B	14.2B	14.8B	20.1B	29.7B	17.5B	13.5B
Total current liabilities	8.3B	11.8B	10.3B	12.5B	18.2B	20.6B	24.2B	35.3B	21.7B	17.5B
Long-term debt	28.4B	30.7B	57.9B	47.5B	42.1B	39.3B	40.1B	41.3B	36.8B	36.2B
Total liabilities	44B	49.2B	75.8B	66.7B	66.4B	67B	70.8B	83B	64.3B	56.7B
Shareholders' equity	34.2B	35.1B	46.7B	44.9B	41.5B	45B	41.7B	48.6B	38.2B	42.6B
Total debt	34B	37.7B	64.6B	56.5B	56.3B	54.1B	60.2B	71B	54.3B	49.7B
Net debt	32.6B	36.2B	61.3B	55.1B	53.8B	51.5B	56.2B	68.7B	52.1B	47.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	2.6B	2.3B	2.6B	2.4B	1.7B	2.2B	1.8B	1.7B	1.8B	1.9B	2.1B	1.5B
Receivables	1.3B	1.4B	1.3B	941M	823M	730M	718M	752M	625M	632M	641M	627M
Inventory	274M	131M	131M	278M	207M	234M	234M	186M	188M	510M	702M	819M
Total current assets	8.9B	9B	8.7B	9.1B	40.5B	8.1B	6.3B	6.1B	8B	7B	6.7B	23.4B
Property, plant & equipment	-1.3B	-1.4B	-1.5B	-1.4B	-1.3B	-1.2B	-1.3B	-1.4B	-1.4B	-1.5B	-1.4B	-1.4B
Goodwill & intangibles	4.8B	5B	4.9B	4.9B	3.9B	3.7B	3.8B	4B	4.5B	4.5B	4.5B	3.5B
Total assets	130B	131.6B	131.1B	132.6B	133.3B	102.6B	99B	98.9B	99.2B	99.3B	101.8B	102.2B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	27.9B	29.7B	17.9B	18.2B	18.7B	17.5B	17.2B	17.1B	14.7B	13.5B	11.5B	9.3B
Total current liabilities	33.5B	35.3B	23.1B	23.4B	45.6B	21.7B	20.5B	20.4B	17.7B	17.5B	15.4B	28.5B
Long-term debt	40.5B	41.3B	53.5B	54B	34.1B	36.8B	36.1B	34.4B	35.6B	36.2B	41.2B	28.8B
Total liabilities	81.5B	83B	83.2B	84.1B	85.4B	64.3B	60.3B	58.7B	57.3B	56.7B	59.6B	59.5B
Shareholders' equity	48.4B	48.6B	47.9B	48.5B	48B	38.2B	38.7B	40.2B	42B	42.6B	42.2B	42.6B
Total debt	68.4B	71B	71.4B	72.2B	52.8B	54.3B	53.2B	51.5B	50.4B	49.7B	52.6B	38.1B
Net debt	65.8B	68.7B	68.9B	69.8B	51.1B	52.1B	51.4B	49.8B	48.6B	47.8B	50.6B	36.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.7B	2.5B	3.7B	3.2B	-2.1B	3.5B	996M	-1.8B	-2B	-305M
Depreciation & amortization	240M	275M	308M	341M	319M	308M	287M	440M	418M	269M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—
Operating cash flow	2.2B	2.8B	3.7B	3.6B	-1.6B	4.2B	1.4B	-1.9B	-1.5B	-595M
Capital expenditure	-215M	-250M	44M	-355M	-140M	217M	-149M	-301M	159M	—
Investing cash flow	1B	-3.8B	-11.7B	-1.3B	-45M	-142M	7.3B	468M	-182M	-1.1B
Dividends paid	-796M	-830M	-1.1B	-1.3B	-1.3B	-922M	-1.2B	-1.3B	-1.3B	-1.3B
Share repurchases	-59M	-136M	-81M	-554M	-1.1B	-3.3B	-8M	-31M	-6M	-3M
Financing cash flow	2.9B	1.2B	8.9B	-892M	-215M	-666M	-6.5B	1.9B	5.7B	1.6B
Net change in cash	6.2B	246M	885M	1.5B	-1.8B	3.4B	2.3B	470M	4.1B	-101M
Free cash flow	-7.2B	389M	879M	252M	1.2B	450M	-260M	-1.2B	615M	-1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-367M	-630M	-709M	-789M	-525M	26M	-129M	-46M	-301M	171M	-45M	62M
Depreciation & amortization	113M	112M	116M	113M	116M	72M	63M	65M	64M	77M	69M	105M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	-125M	-991M	-576M	-680M	-410M	192M	-93M	64M	-144M	-215M	-370M	167M
Capital expenditure	-166M	-127M	-36M	47M	266M	-118M	47M	—	—	—	—	—
Investing cash flow	-23M	-668M	596M	-68M	90M	-800M	-160M	-178M	-872M	105M	-190M	-1.1B
Dividends paid	-325M	-323M	-326M	-326M	-327M	-325M	-329M	-320M	-320M	-324M	-329M	-327M
Share repurchases	-3M	-16M	-4M	-1M	-1M	0	0	-2M	-1M	0	—	—
Financing cash flow	386M	932M	398M	2.1B	601M	2.7B	585M	-260M	1.2B	39M	3.2B	3.1B
Net change in cash	238M	-727M	418M	1.3B	281M	2.1B	332M	-374M	220M	-71M	2.6B	2.1B
Free cash flow	13M	-151M	158M	141M	175M	141M	-331M	18M	-187M	-853M	-3B	-92M

Brookfield Property Partners LP Financials

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement