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

The following table presents the lease expiry profile of our retail properties with the associated averageexpiring in-place rents by region at March 31, 2012:(000’s sq. ft.)NetRentalAreaCurrentlyAvailableExpiring Leases2012 2013 2014 2015 2016 2017 2018 & BeyondInplaceIn-In-In-In-In-In-(000’s place (000’s place (000’s place (000’s place (000’s place (000’s placeRent sq.ft.) Rent sq.ft.) Rent sq.ft.) Rent sq.ft.) Rent sq.ft.) Rent sq.ft.) Rent(000’ssq.ft.)United States (1) 61,929 4,818 3,759 $58 6,077 $54 6,308 $ 54 5,718 $61 5,815 $65 5,707 $66 23,727 $59Australia 2,664 36 26 51 23 40 31 44 122 29 729 11 344 18 1,354 13Brazil 2,786 85 728 52 338 47 294 104 405 75 241 78 118 25 577 15Total 67,379 4,939 4,513 $57 6,438 $54 6,633 $56 6,245 $61 6,785 $60 6,169 $63 25,658 $56Percentage ofTotal 100.0% 7.3% 6.7% 9.6% 9.8% 9.3% 10.1% 9.2% 38.0%(1) Represents regional malls only and excludes leases on traditional anchor stores and specialty leasing license agreements.Multi-Family and IndustrialIFRS Value – Multi-Family and IndustrialThe following table presents IFRS Value of our multi-family and industrial segment:(US$ Millions) Mar. 31, 2012 Dec. 31, 2011Investment properties $1,023 $ 971Equity accounted investments 120 84Accounts receivable and other 72 571,215 1,112Property-specific borrowings 723 564Accounts payable and other liabilities 30 20Non-controlling interests 323 371IFRS Value $ 139 $ 157IFRS Value decreased over the period as a result of an increase of debt in a multi-family portfolio, whichwas refinanced at a lower interest rate and extended the term by three years. This was offset by furtherinvestments in the platform.Operating Results – Multi-Family and IndustrialThe following table presents the NOI, FFO and Total Return of our multi-family and industrial segmentfor the quarters ended March 31, 2012 and 2011:(US$ Millions) Three months ended Mar. 31, 2012 2011NOI (1) $11 $12Equity accounted investments 1 -12 12Interest and other expense 8 5Non-controlling interests 3 5FFO (1) $ 1 $2Fair value changes (16) 9Realized gains (losses) (3) -Non-controlling interests 13 (7)Total valuation gains (losses) (6) 2Total Return (1) $ (5) $4(1) Refer to tables under “—Reconciliation of Performance Measures to IFRS Measures” below in this MD&A for explanation ofcomponents of NOI, FFO, Total Return, and for a reconciliation to IFRS measures.80