Brookfield Property Partners profit rises, boosted by higher office valuations GlobeBusiness
Company funds from operations and realized gains amounted to US$459 million or 48 cents per unit for the quarter, down from US$749 million or 77 cents per unit a year earlier.
For the full year, Brookfield Property Partners earned nearly US$3.16 billion or US$1.89 per unit, down from a profit of US$3.65 billion or US$2.28 per unit in 2018. Company funds from operations and realized gains totalled US$1.51 billion or US$1.57 per unit in 2019, down from US$1.57 billion or US$1.97 per unit a year earlier.
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