Source - Brookfield Asset Management

Brookfield Property Partners Value PropositionUnique OpportunityOne of the world’s largestpublic real estateplatformsAttractive distributionprofileWell positioned forglobal growthLiquidity andaccess to capitalBrookfield managementand sponsorshipCapital Securities & Units /Book Value• BPY is for real estate investors seeking diversified exposure to best in class property assets• Diversified by sector and geography• Managed by one of the most experienced and successful investment managers in the world• 98 msf of office and office development• 156 msf of retail• Growing multi-family and industrial portfolios• Anticipated initial yield of ~4% per annum on initial IFRS equity value• Initial payout ratio targeted at ~80% of FFO• 12%-15% target total returns• Strong capitalization and highly competitive position• Positioned in attractive and growing markets• Enhanced scale and capitalization• Efficient publicly traded partnership• Dual listing on TSX and NYSE• Diversification of investor base over time• Significant incentive to grow business and increase distributions• Strong track record of originating transactions aligned with growth strategy• Experienced senior management team• 474.1 million / ~$12 billionQuantity Distribution • ~ 1 unit of BPY for every 17.42 Brookfield sharesBook Value Per Unit • ~ $25.0034