1. Bermuda Stocks

  2. •

    Financial Services

  3. •

    Asset Management
Brookfield Property Preferred L.P.

Brookfield Property Preferred L.P.

BPYPM
Brookfield Property Preferred L.P.US flagNASDAQ Global Select
16.72
USD
-0.18
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

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in mil. unless spec.
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Working Capital

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in mil. unless spec.
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Growth Rates

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in mil. unless spec.
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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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in mil. unless spec.
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Company Description

APIChat
CEO
Brian Kingston
Sector
Financial Services
Industry
Asset Management
Address
73 Front Street Hamilton Bermuda HM 12
IPO Date
Jul 27, 2021
CIK
0001545772
Website
bpy.brookfield.com
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Business
Brookfield Property Preferred L.P. Brookfield Property Preferred L.P. (TSX: BPYP.PR.A; Nasdaq: BPYPM) serves as a Bermuda-based limited partnership that issues cumulative redeemable perpetual preferred units, Series 1, providing fixed quarterly distributions at a 6.25% annual rate on a $25 liquidation preference to holders, with priority over common equity; these securities, founded in connection with Brookfield Property Partners L.P. offerings around 2019 and headquartered in Hamilton, Bermuda, support the broader real estate operations of its parent entity Brookfield Property Partners L.P., a subsidiary of Brookfield Asset Management Inc. The preferred units back Brookfield Property Partners L.P.'s diversified commercial real estate portfolio, encompassing core office properties in gateway cities such as New York, London, Los Angeles, Washington D.C., Sydney, Toronto, and Berlin; core retail including regional malls and urban centers; multifamily residential; industrial logistics; hospitality; data centers; and opportunistic limited partner investments in student housing, triple-net leased assets, and manufactured housing across North America, Europe, and Asia Pacific. Geographically, operations span major urban markets and high-growth secondary locations, leveraging integrated development, property management, and capital markets capabilities to optimize asset performance and tenant trends. In recent developments, Brookfield Property Preferred L.P. received Toronto Stock Exchange approval in January 2024 for a normal course issuer bid to repurchase up to 10% of its public float of outstanding Series 1 preferred units; the entity continues regular quarterly dividend declarations, including $0.390625 per unit payable September 30, 2025, as approved in July 2025; and its underlying Brookfield Property Partners L.P. portfolio showed retail occupancy improvements to 94% in its consolidated properties during 2024 alongside active leasing, acquisitions in logistics and multifamily, and asset monetizations including $665 million from partial sales of six properties to address debt maturities.