FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

TRZ HOLDINGS LLC AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONSFOR THE YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009(U.S. dollars in thousands)Unaudited Unaudited Audited2011 2010 2009 (1)REVENUES:Rentals $ 398,256 $ 458,630 $ 450,193Recoveries from tenants 130,467 148,385 153,367Parking and other 59,020 54,542 49,446Fee income 866 885 885Total revenues 588,609 662,442 653,891EXPENSES:Operating 248,187 266,292 273,887General and administrative 78 - 73Depreciation and amortization 158,733 165,883 180,031Total expenses 406,998 432,175 453,991OPERATING INCOME 181,611 230,267 199,900OTHER EXPENSE:Interest and other expense (7,536) (3,605) (2,793)Interest expense (178,006) (190,804) (180,619)Total other expense (185,542) (194,409) (183,412)INCOME BEFORE GAIN ON SOLD PROPERTY, INCOME TAXES, INCOMEFROM DISCONTINUED OPERATIONS, AND INCOME FROMUNCONSOLIDATED REAL ESTATE VENTURES (3,931) 35,858 16,488GAIN ON SOLD PROPERTY 265,545 35,084 -PROVISION FOR INCOME AND OTHER CORPORATE TAXES — Net (1,980) (18,510) (882)INCOME FROM UNCONSOLIDATED REAL ESTATE VENTURES 21,835 19,052 23,406NET INCOME FROM CONTINUING OPERATIONS 281,469 71,484 39,012NET INCOME FROM DISCONTINUED OPERATIONS 125,950 37,132 34,964NET INCOME 407,419 108,616 73,976NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 985 1,112 15,222NET INCOME ATTRIBUTABLE TO TRZ HOLDINGS LLC $ 406,434 $ 107,504 $ 58,754See notes to consolidated financial statements.(1) Restated for discontinued operationsF-74