Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Brookfield Property Partners L.P. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
5,352
6,135
7,239
8,203
6,593
7,100
7,365
9,483
9,111
7,147
Selling, general and administrative
569
614
1,032
882
816
924
930
1,404
1,391
1,225
Pre-tax income
2,142
2,660
3,735
3,353
-1,838
3,989
1,277
-2,268
-1,708
-148
Income tax
-575
192
81
196
220
490
281
-419
289
157
Net income
2,717
2,468
3,654
3,157
-2,058
3,499
996
-1,849
-1,997
-305
EPS, basic
2.30
0.48
2.28
1.89
-2.39
EPS, diluted
2.25
0.48
2.26
1.89
-2.39
Balance sheet
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1,456
1,491
3,288
1,438
2,473
2,576
4,020
2,341
2,208
1,859
Receivables
2,593
981
2,361
1,407
1,871
2,276
2,176
3,483
2,081
1,968
Inventory
131
574
176
131
234
510
Total current assets
4,051
2,479
6,110
2,902
4,421
Property, plant and equipment
5,357
5,457
7,506
7,278
5,235
5,623
9,401
Lease right-of-use assets
175
164
204
305
304
120
Goodwill
761
1,079
1,109
1,041
1,080
832
946
1,450
931
1,181
Intangible assets
1,141
1,188
1,179
1,162
982
964
966
1,054
899
1,060
Total assets
78,127
84,347
122,520
111,643
107,951
112,004
112,516
131,577
102,591
99,280
Accounts payable
2,749
3,052
3,749
3,426
4,101
3,762
3,877
5,741
5,895
5,499
Total current liabilities
8,215
10,513
10,143
12,326
17,824
Lease liabilities
889
875
690
1,049
1,243
784
842
Total liabilities
43,966
49,223
75,780
66,708
66,428
66,999
70,779
82,990
64,342
56,706
Total debt
33,579
37,991
63,964
55,528
54,717
55,327
58,562
68,712
51,499
46,314
Shareholders' equity
22,358
22,186
28,284
28,530
25,137
Minority interests
26,619
27,723
34,383
31,237
29,111
35,497
32,817
39,800
29,829
33,550
Total equity
34,161
35,124
46,740
44,935
41,523
45,005
41,737
48,587
38,249
42,574
Total liabilities and equity
78,127
84,347
122,520
111,643
107,951
112,004
112,516
131,577
102,591
99,280
Cash flow statement
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
2,717
2,468
3,654
3,157
-2,058
3,499
996
-1,849
-1,997
-305
Depreciation and amortization
240
275
308
341
319
Cash from operations
745
639
1,357
624
1,332
606
-53
-670
1,018
-595
Capital expenditures
-232
-250
-478
-372
-169
-156
-207
-529
-403
-758
Cash from investing
-3,234
-1,886
-8,406
-1,611
-99
182
7,811
-2,981
-6,798
-1,425
Debt issued
16,769
17,154
29,804
23,797
11,392
16,010
9,048
18,896
21,512
11,723
Debt repaid
-14,733
-14,124
-19,936
-21,127
-9,821
-15,704
-10,704
-20,200
-17,836
-14,536
Stock issued
0
0
501
13
738
0
0
603
510
1,274
Share buybacks
-59
-136
-81
-15
-6
-3
Dividends paid
-1,762
-3,515
-3,798
-4,491
-2,167
-4,173
-4,924
-4,626
-3,086
-2,777
Cash from financing
2,906
1,248
8,873
-892
-215
-666
-6,458
1,943
5,736
1,600
Exchange rate effect
4
34
-27
29
17
-19
-59
30
-59
63
Free cash flow
513
389
879
252
1,163
450
-260
-1,199
615
-1,353
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $15.01 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-2.1%
Pre-tax income / revenue.
Net margin
-4.3%
Net income / revenue.
FCF margin
-18.9%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-8.3%
Cash from operations / revenue.
Return on assets (ROA)
-0.3%
Net income / average total assets.
SG&A / revenue
17.1%
Selling, general and administrative expense / revenue.
Capex / revenue
10.6%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-21.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-1.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
1.6%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-158.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-320.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-3.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-4.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-1.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Debt / assets
46.6%
Total debt / total assets.
Liabilities / assets
57.1%
Total liabilities / total assets.
Net debt
$44.46B
Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets
2.3%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.07x
Revenue / average total assets.
Receivables turnover
3.53x
Revenue / average receivables.
Days sales outstanding
103 days
365 x average receivables / revenue.
Valuation
Metric
Value
How it is calculated
Market cap
$18.59B
Share price x shares outstanding.
Enterprise value
$63.05B
Market cap + total debt - cash - short-term investments.
P/S
2.60x
Market cap / revenue.
EV/Sales
8.82x
Enterprise value / revenue.
FCF yield
-7.3%
Free cash flow / market cap.
Earnings yield
-1.6%
Net income / market cap (the inverse of P/E).
Dividend yield
14.9%
Dividends paid over the period / market cap.
Shareholder yield
15.0%
(Dividends paid + share buybacks) / market cap.
What was Brookfield Property Partners L.P.'s revenue in fiscal 2025?
Brookfield Property Partners L.P. reported revenue of $7.15B for fiscal 2025, 21.6% lower than the year before.
Was Brookfield Property Partners L.P. profitable in fiscal 2025?
No. It reported a net loss of $305.0M.
How much free cash flow did Brookfield Property Partners L.P. generate in fiscal 2025?
Cash from operations of $595.0M minus capital expenditures of $758.0M left free cash flow of -$1.35B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.