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

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

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

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The table below presents the following information on the assets in our retail platform by geographiclocation as at March 31, <strong>20</strong>12: (i) the number of properties, the percentage of the space under lease and the sizeof the office, retail, leasable, parking and total space in our retail portfolio, which provides information as if weown 100% of the retail assets in which we have an interest; (ii) our proportionate interest in those retail assetsbefore considering minority interests; and (iii) our proportionate interest in those retail assets net of minorityinterests. We believe information presented as if we own 100% of each of the properties provides an appropriatebasis on which to evaluate the performance of properties in the portfolio relative to each other and to otherproperties in the market. Our proportionate interests in the investments demonstrate our ability to manage theunderlying economics of the relevant investments, including the financial performance and cash flows.Proportionate interest in the assets net of minority interests represents our economic interest in the underlyingproperty and is relevant because it represents the net assets and operations of the underlying property that wemanage that are directly attributable to us.Retail <strong>Property</strong> Portfolio (1) <strong>Asset</strong>s Under Management Proportionate (2) Interest (3)ProportionateNet of Minority(000’s Sq. Ft.)Number of LeasedProperties % Office Retail Leasable Parking TotalOwned% Leasable Total Leasable TotalU.S. PropertiesMidwest Region 35 91.2% 731 32,190 32,921 – 32,921 89% 29,258 29,258 6,572 6,572Northeast Region 27 92.3% 714 25,<strong>20</strong>2 25,916 – 25,916 83% 21,4<strong>20</strong> 21,4<strong>20</strong> 4,198 4,198Southeast Region 37 91.9% 363 36,484 36,847 – 36,847 86% 31,596 31,596 6,5<strong>20</strong> 6,5<strong>20</strong>Southwest Region <strong>20</strong> 97.2% 109 21,465 21,574 – 21,574 89% 19,165 19,165 4,335 4,335West Region 47 90.6% 968 39,781 40,749 – 40,749 89% 36,367 36,367 8,430 8,430166 92.2% 2,885 155,122 158,007 – 158,007 87% 137,806 137,806 30,056 30,056Brazilian PropertiesRio de Janeiro 2 96.1% – 922 922 – 922 74% 679 679 192 192São Paulo 5 97.1% – 1,638 1,638 – 1,638 48% 786 786 139 139Belo Horizonte 1 100.0% – 226 226 – 226 50% 113 113 <strong>20</strong> <strong>20</strong>8 96.9% – 2,786 2,786 – 2,786 57% 1,578 1,578 351 351Australian PropertiesSydney 4 97.1% 18 1,161 1,179 139 1,318 100% 1,179 1,318 1,179 1,318Brisbane 2 99.7% – 586 586 88 674 100% 586 674 586 674New Zealand 2 100.0% – 900 900 – 900 100% 900 900 450 4508 98.7% 18 2,647 2,665 227 2,892 100% 2,665 2,892 2,215 2,442Total Retail Properties 182 92.7% 2,903 160,555 163,458 227 163,685 87% 142,049 142,276 32,622 32,849(1) Does not include retail assets held within our opportunistic investment platform or the retail assets held by GGP outside of the UnitedStates and non-regional malls.(2) Reflects our company’s interest before considering minority interests, including minority interests in the <strong>Property</strong> <strong>Partners</strong>hip, GGP,Brazil Retail Fund and Multiplex New Zealand <strong>Property</strong> Fund.(3) Reflects our company’s interest net of minority interests described in the note above other than the minority interest in the <strong>Property</strong><strong>Partners</strong>hip.52

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