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Brookfield Property REIT Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 6, 2021. Its latest SEC filing is a 15-12B from Aug 30, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Owns and operates retail properties, leasing space to retailers and providing shopping destinations for consumers.

How Did They Make Money?

revenue

Who Were Their Customers?

Retailers rent space in BPYU’s mall properties, while consumers visit the properties to shop and use dining and entertainment offerings.

Did Revenues Turn Into Profits?

No. It lost $711.5M in .

Net income,
−47% of revenue
▼ Now a loss vs ($432.9M, 28%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q2 FY2021, the three months to Jun 30, 2021
Revenue
▼ −2%
vs $374.5M in Q2 FY2020
Net income
▼ −29% (Loss)
vs −$209.1M in Q2 FY2020
  • Jul 30, 2021 Brookfield completed its acquisition of BPY, and BPYU shares were delisted Class A holders received cash, Brookfield shares and BPY preferred units in the automatic exchange.

Shrank. Revenue fell 35% in 4 years, from $2.3B in to $1.5B in , about 10% a year.

Ownership and management The older report centers on owning and operating retail properties; the latest report describes a plan to sell interests to institutional partners and continue managing those assets for fees.

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