Brookfield Property Partners LP (BPYPP) financial statements
Brookfield Property Partners LP reported revenue of $7.1B in fiscal 2025, up 3.3% a year over 9 years.
Net income was -$305M.
Free cash flow was -$1.4B, and the company returned $2.8B in dividends and $3M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Brookfield Property Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4B | $6.1B | $7.2B | $8.2B | $6.6B | $7.1B | $7.4B | $9.5B | $9.1B | $7.1B |
| Selling, general and admin | $569M | $614M | $1.0B | $882M | $816M | $924M | $930M | $1.4B | $1.4B | $1.2B |
| Interest expense | $1.7B | $2.0B | $2.5B | $2.9B | $2.6B | $2.6B | $2.7B | $4.8B | $4.8B | $3.5B |
| Pre-tax income | $2.1B | $2.7B | $3.7B | $3.4B | -$1.8B | $4.0B | $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 | -$2.0B | -$305M |
| EPS (diluted) | $2.25 | $0.48 | $2.26 | $1.89 | -$2.39 | — | — | — | — | — |
| Net margin | 50.8% | 40.2% | 50.5% | 38.5% | -31.2% | 49.3% | 13.5% | -19.5% | -21.9% | -4.3% |
Balance sheet
Fiscal years, from Brookfield Property Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.5B | $1.5B | $3.3B | $1.4B | $2.5B | $2.6B | $4.0B | $2.3B | $2.2B | $1.9B |
| Receivables | $2.6B | $981M | $2.4B | $1.4B | $1.9B | $2.3B | $2.2B | $3.5B | $2.1B | $2.0B |
| Inventory | — | — | — | — | $131M | $574M | $176M | $131M | $234M | $510M |
| Total current assets | $4.1B | $2.5B | $6.1B | $2.9B | $4.4B | — | — | — | — | — |
| Property, plant and equipment | $5.4B | $5.5B | $7.5B | $7.3B | $5.2B | $5.6B | $9.4B | $11.1B | $5.5B | $7.0B |
| Goodwill | $761M | $1.1B | $1.1B | $1.0B | $1.1B | $832M | $946M | $1.4B | $931M | $1.2B |
| Total assets | $78.1B | $84.3B | $122.5B | $111.6B | $108.0B | $112.0B | $112.5B | $131.6B | $102.6B | $99.3B |
| Total current liabilities | $8.2B | $10.5B | $10.1B | $12.3B | $17.8B | — | — | — | — | — |
| Long-term debt | $28.4B | $30.7B | $57.9B | $46.6B | $41.3B | $38.6B | $38.9B | $53.4B | $36.0B | $35.4B |
| Total liabilities | $44.0B | $49.2B | $75.8B | $66.7B | $66.4B | $67.0B | $70.8B | $83.0B | $64.3B | $56.7B |
| Shareholders' equity | $22.4B | $22.2B | $28.3B | $28.5B | $25.1B | $45.0B | $41.7B | $48.6B | $38.2B | $42.6B |
| Net debt | $32.1B | $35.4B | $60.5B | $54.0B | $51.9B | $49.7B | $54.5B | $66.4B | $48.5B | $44.4B |
Cash flow
Fiscal years, from Brookfield Property Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $745M | $639M | $1.4B | $624M | $1.3B | $606M | -$53M | -$670M | $1.0B | -$595M |
| Capital spending | $232M | $250M | $478M | $372M | $169M | $156M | $207M | $529M | $403M | $758M |
| Free cash flow | $513M | $389M | $879M | $252M | $1.2B | $450M | -$260M | -$1.2B | $615M | -$1.4B |
| Dividends paid | $1.8B | $3.5B | $3.8B | $4.5B | $2.2B | $4.2B | $4.9B | $4.6B | $3.1B | $2.8B |
| Share buybacks (net) | -$59M | -$136M | -$81M | — | — | — | — | -$15M | -$6M | -$3M |
| Net borrowing | $2.0B | $3.0B | $9.9B | $2.7B | $1.6B | $306M | -$1.7B | -$1.3B | $3.7B | -$2.8B |
| Free cash flow margin | 9.6% | 6.3% | 12.1% | 3.1% | 17.6% | 6.3% | -3.5% | -12.6% | 6.8% | -18.9% |
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Open BPYPP in InvestinglyQuestions
What was Brookfield Property Partners LP's revenue in 2025?
$7.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Brookfield Property Partners LP generate?
-$1.4B in fiscal 2025 (operating cash flow minus capital spending).
From Brookfield Property Partners LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.