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

Financial Highlights and Performance as at March 31, 2012 and December 31, 2011 and the three monthsended March 31, 2012 and 2011The following tables reflect the results of operations for our business for the three months ended March31, 2012 and 2011 and as at March 31, 2012 and December 31, 2011. Further details on our operations andfinancial position are contained within the review of our business segments below.(US$ Millions) Three months ended Mar. 31, 2012 2011Total revenue $ 775 $ 603Net income 710 532Net income attributable to parent company 383 337Funds from operations 141 136(US$ Millions) Mar. 31, 2012 Dec. 31, 2011Investment properties $ 28,138 $ 27,594Equity accounted investments 7,466 6,888Total assets 41,049 40,317Property debt 15,266 15,387Total equity 22,599 21,494Equity in net assets attributable to parent company 12,575 11,881The following table presents NOI, FFO and Total Return for the three months ended March 31, 2012 and2011 and IFRS Value as at March 31, 2012 and December 31, 2011 for the geographies and segments indicated:NOI FFO Total Return IFRS Value(US$ Millions) 2012 2011 2012 2011 2012 2011OfficeMar. 31,2012Dec. 31,2011United States $192 $106 $110 $113 $190 $191 $ 7,588 $ 7,395Canada 66 64 40 44 90 47 2,149 2,044Australia 76 64 53 33 64 39 2,533 2,315Europe 8 8 10 1 15 137 994 958Developments - - - - - - 589 560Unallocated (1) - - (117) (116) (117) (116) (6,985) (6,735)342 242 96 75 242 298 6,868 6,537RetailUnited States - - 49 56 313 57 4,272 3,938Australia 5 5 2 (2) 1 18 210 200Brazil 24 20 (1) (5) 6 (4) 321 311Europe - 1 - 1 - (3) - -29 26 50 50 320 68 4,803 4,449Multi-Family and Industrial 11 12 1 2 (5) 4 139 157Opportunistic Investments 27 38 (6) 9 23 12 765 738$409 $318 $ 141 $ 136 $ 580 $ 382 $12,575 $11,881(1) Balance sheet and statement of income amounts related to unsecured facilities, capital securities and non-controlling interests inBrookfield Office Properties, one of our operating entities.See “— Reconciliation of Performance Measures to IFRS Measures” in the MD&A for a reconciliation ofNOI, FFO and Total Return to the most directly comparable IFRS measures.70