Brookfield Property Partners L.P.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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Jun 30, 2026 · Filed Aug 14, 2026
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Contents
EX-99.1 · SEGMENT PERFORMANCE
SEGMENT PERFORMANCE
Our operations are organized into four operating segments which include Office, Retail, LP Investments and Corporate.
The following table presents NOI by segment:
| Three months ended Jun. 30, | Six months ended Jun. 30, | |||
|---|---|---|---|---|
| (US$ Millions) | 2026 | 2025 | 2026 | 2025 |
| Office(1) | $185 | $200 | $413 | $438 |
| Retail(1) | 225 | 231 | 437 | 465 |
| LP Investments(1) | 454 | 424 | 813 | 845 |
| NOI(1) | $864 | $855 | $1,663 | $1,748 |
(1)This is a non-IFRS Accounting Standards measure our partnership uses to assess the performance of its operations as described in the “Non-IFRS Accounting Standards Financial Measures” section on page 22. An analysis of the measures and reconciliation to IFRS Accounting Standards measures is included in the “Reconciliation of Non-IFRS Accounting Standards Measures” section on page 23.
The following table presents FFO by segment:
| Three months ended Jun. 30, | Six months ended Jun. 30, | |||
|---|---|---|---|---|
| (US$ Millions) | 2026 | 2025 | 2026 | 2025 |
| Office | $(38) | $(33) | $(49) | $(18) |
| Retail | 100 | 89 | 167 | 168 |
| LP Investments | 52 | 11 | 79 | 21 |
| Corporate | (199) | (211) | (413) | (428) |
| FFO(1) | $(85) | $(144) | $(216) | $(257) |
(1)This is a non-IFRS Accounting Standards measure our partnership uses to assess the performance of its operations as described in the “Non-IFRS Accounting Standards Financial Measures” section on page 22. An analysis of the measures and reconciliation to IFRS Accounting Standards measures is included in the “Reconciliation of Non-IFRS Accounting Standards Measures” section on page 23.
The following table presents equity attributable to Unitholders by segment as of June 30, 2026 and December 31, 2025:
| (US$ Millions) | Jun. 30, 2026 | Dec. 31, 2025 |
|---|---|---|
| Office(1) | $11,180 | $10,920 |
| Retail(1) | 18,443 | 16,809 |
| LP Investments(1) | 4,347 | 4,541 |
| Corporate(1) | (9,798) | (9,064) |
| Equity attributable to Unitholders(1) | $24,172 | $23,206 |
(1)This is a non-IFRS Accounting Standards measure our partnership uses to assess the performance of its operations as described in the “Non-IFRS Accounting Standards Financial Measures” section on page 22. An analysis of the measures and reconciliation to IFRS Accounting Standards measures is included in the “Reconciliation of Non-IFRS Accounting Standards Measures” section on page 23.
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