Stocks · Real estate · Real Estate

Brookfield Property Partners L.P.

BPYPM Clue Score22
Bermuda Fiscal year ends December CIK 0001545772
$16.17 +0.37% Close, 9 Oct 2026
Price $16.17 −34.00% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 27 Jul 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue5.35Net income2.72EPS, diluted2.25Fiscal year 2017Revenue6.14 +14.6%Net income2.47 −9.2%EPS, diluted0.48 −78.7%Fiscal year 2018Revenue7.24 +18.0%Net income3.65 +48.1%EPS, diluted2.26 +370.8%Fiscal year 2019Revenue8.20 +13.3%Net income3.16 −13.6%EPS, diluted1.89 −16.4%Fiscal year 2020Revenue6.59 −19.6%Net income−2.06 −165.2%EPS, diluted−2.39 −226.5%Fiscal year 2021Revenue7.10 +7.7%Net income3.50Fiscal year 2022Revenue7.37 +3.7%Net income1.00 −71.5%Fiscal year 2023Revenue9.48 +28.8%Net income−1.85 −285.6%Fiscal year 2024Revenue9.11 −3.9%Net income−2.00Fiscal year 2025Revenue7.15 −21.6%Net income−0.31
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.35 6.14 7.24 8.20 6.59 7.10 7.37 9.48 9.11 7.15
Growth +14.6% +18.0% +13.3% −19.6% +7.7% +3.7% +28.8% −3.9% −21.6%
Net income 2.72 2.47 3.65 3.16 −2.06 3.50 1.00 −1.85 −2.00 −0.31
Growth −9.2% +48.1% −13.6% −165.2% −71.5% −285.6%
EPS, diluted 2.25 0.48 2.26 1.89 −2.39 n/a n/a n/a n/a n/a
Growth −78.7% +370.8% −16.4% −226.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin50.8%Free cash flow margin9.6%Fiscal year 2017Net margin40.2%Free cash flow margin6.3%Fiscal year 2018Net margin50.5%Free cash flow margin12.1%Fiscal year 2019Net margin38.5%Free cash flow margin3.1%Fiscal year 2020Net margin−31.2%Free cash flow margin17.6%Fiscal year 2021Net margin49.3%Free cash flow margin6.3%Fiscal year 2022Net margin13.5%Free cash flow margin−3.5%Fiscal year 2023Net margin−19.5%Free cash flow margin−12.6%Fiscal year 2024Net margin−21.9%Free cash flow margin6.8%Fiscal year 2025Net margin−4.3%Free cash flow margin−18.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 50.8% 40.2% 50.5% 38.5% −31.2% 49.3% 13.5% −19.5% −21.9% −4.3%
Free cash flow margin 9.6% 6.3% 12.1% 3.1% 17.6% 6.3% −3.5% −12.6% 6.8% −18.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.75Capital expenditure−0.23Free cash flow0.51Buybacks−0.06Dividends paid−1.76Fiscal year 2017Operating cash flow0.64Capital expenditure−0.25Free cash flow0.39 −24.2%Buybacks−0.14Dividends paid−3.52Fiscal year 2018Operating cash flow1.36Capital expenditure−0.48Free cash flow0.88 +126.0%Buybacks−0.08Dividends paid−3.80Fiscal year 2019Operating cash flow0.62Capital expenditure−0.37Free cash flow0.25 −71.3%Dividends paid−4.49Fiscal year 2020Operating cash flow1.33Capital expenditure−0.17Free cash flow1.16 +361.5%Dividends paid−2.17Fiscal year 2021Operating cash flow0.61Capital expenditure−0.16Free cash flow0.45 −61.3%Dividends paid−4.17Fiscal year 2022Operating cash flow−0.05Capital expenditure−0.21Free cash flow−0.26 −157.8%Dividends paid−4.92Fiscal year 2023Operating cash flow−0.67Capital expenditure−0.53Free cash flow−1.20Buybacks−0.02Dividends paid−4.63Fiscal year 2024Operating cash flow1.02Capital expenditure−0.40Free cash flow0.62Buybacks−0.01Dividends paid−3.09Fiscal year 2025Operating cash flow−0.60Capital expenditure−0.76Free cash flow−1.35 −320.0%Buybacks−0.00Dividends paid−2.78
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.75 0.64 1.36 0.62 1.33 0.61 −0.05 −0.67 1.02 −0.60
Capital expenditure −0.23 −0.25 −0.48 −0.37 −0.17 −0.16 −0.21 −0.53 −0.40 −0.76
Free cash flow 0.51 0.39 0.88 0.25 1.16 0.45 −0.26 −1.20 0.62 −1.35
Growth −24.2% +126.0% −71.3% +361.5% −61.3% −157.8% −320.0%
Buybacks −0.06 −0.14 −0.08 n/a n/a n/a n/a −0.02 −0.01 −0.00
Dividends paid −1.76 −3.52 −3.80 −4.49 −2.17 −4.17 −4.92 −4.63 −3.09 −2.78

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.46Total debt28.42Net cash (debt)−26.97Shareholders’ equity22.36Debt to equity1.27Fiscal year 2017Cash1.49Total debt30.75Net cash (debt)−29.26Shareholders’ equity22.19Debt to equity1.39Fiscal year 2018Cash3.29Total debt57.94Net cash (debt)−54.65Shareholders’ equity28.28Debt to equity2.05Fiscal year 2019Cash1.44Total debt46.57Net cash (debt)−45.13Shareholders’ equity28.53Debt to equity1.63Fiscal year 2020Cash2.47Total debt41.26Net cash (debt)−38.79Shareholders’ equity25.14Debt to equity1.64Fiscal year 2021Cash2.58Total debt38.58Net cash (debt)−36.00Shareholders’ equity45.01Debt to equity0.86Fiscal year 2022Cash4.02Total debt38.86Net cash (debt)−34.84Shareholders’ equity41.74Debt to equity0.93Fiscal year 2023Cash2.34Total debt53.39Net cash (debt)−51.05Shareholders’ equity48.59Debt to equity1.10Fiscal year 2024Cash2.21Total debt35.96Net cash (debt)−33.76Shareholders’ equity38.25Debt to equity0.94Fiscal year 2025Cash1.86Total debt35.35Net cash (debt)−33.50Shareholders’ equity42.57Debt to equity0.83
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.46 1.49 3.29 1.44 2.47 2.58 4.02 2.34 2.21 1.86
Total debt 28.42 30.75 57.94 46.57 41.26 38.58 38.86 53.39 35.96 35.35
Net cash (debt) −26.97 −29.26 −54.65 −45.13 −38.79 −36.00 −34.84 −51.05 −33.76 −33.50
Shareholders’ equity 22.36 22.19 28.28 28.53 25.14 45.01 41.74 48.59 38.25 42.57
Debt to equity 1.27 1.39 2.05 1.63 1.64 0.86 0.93 1.10 0.94 0.83

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
40.0% 43.4% 51.6% 40.9% −27.9% 56.2% 17.3% −23.9% −18.7% −2.1%
50.8% 40.2% 50.5% 38.5% −31.2% 49.3% 13.5% −19.5% −21.9% −4.3%
9.6% 6.3% 12.1% 3.1% 17.6% 6.3% −3.5% −12.6% 6.8% −18.9%
Spending
10.6% 10.0% 14.3% 10.8% 12.4% 13.0% 12.6% 14.8% 15.3% 17.1%
4.3% 4.1% 6.6% 4.5% 2.6% 2.2% 2.8% 5.6% 4.4% 10.6%
−26.8% 7.2% 2.2% 5.8% n/a 12.3% 22.0% n/a n/a n/a
Returns
12.2% 11.1% 12.9% 11.1% −8.2% 7.8% 2.4% −3.8% −5.2% −0.7%
3.5% 2.9% 3.0% 2.8% −1.9% 3.1% 0.9% −1.4% −1.9% −0.3%
Balance and payout
1.27 1.39 2.05 1.63 1.64 0.86 0.93 1.10 0.94 0.83
56.3% 58.4% 61.9% 59.8% 61.5% 59.8% 62.9% 63.1% 62.7% 57.1%
64.9% 142.4% 103.9% 142.3% n/a 119.3% 494.4% n/a n/a n/a
355.0% 938.6% 441.3% 1,782.1% 186.3% 927.3% n/a n/a 502.8% n/a