Brookfield Property Partners L.P. (BPYPO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.69B | 1.85B | 1.75B | 1.8B | 1.75B | 1.9B | 2.47B | 2.42B | 2.32B | 2.48B | 2.43B | 2.33B | 2.24B | 1.81B | 1.76B | 1.74B | 2.05B | 2.17B | 1.82B | 1.66B |
| Revenue Growth % | -3.66% | -2.94% | -29.03% | -25.63% | -24.61% | -23.4% | 1.36% | 4.13% | 3.57% | 37.03% | 38.55% | 33.51% | 9.06% | -16.46% | -3.57% | 5% | 41.66% | 33.89% | 11.31% | 15.52% |
| Cost of Goods Sold | 856M | 770M | 799M | 891M | 779M | 820M | 1.18B | 1.15B | 1.15B | 1.22B | 1.26B | 1.08B | 1.21B | 778M | 785M | 761M | 997M | 1.23B | 804M | 685M |
| COGS % of Revenue | 50.8% | 41.71% | 45.66% | 49.45% | 44.54% | 43.11% | 47.97% | 47.3% | 49.74% | 48.97% | 51.99% | 46.58% | 53.88% | 42.94% | 44.7% | 43.66% | 48.54% | 56.89% | 44.15% | 41.27% |
| Gross Profit | 829M | 1.08B | 951M | 911M | 970M | 1.08B | 1.28B | 1.28B | 1.17B | 1.27B | 1.17B | 1.24B | 1.03B | 1.03B | 971M | 982M | 1.06B | 935M | 1.02B | 975M |
| Gross Margin % | 49.2% | 58.29% | 54.34% | 50.55% | 55.46% | 56.89% | 52.03% | 52.7% | 50.26% | 51.03% | 48.01% | 53.42% | 46.12% | 57.06% | 55.3% | 56.34% | 51.46% | 43.11% | 55.85% | 58.73% |
| Gross Profit Growth % | -14.54% | -0.55% | -25.88% | -28.66% | -16.81% | -14.6% | 9.85% | 2.74% | 12.88% | 22.53% | 20.29% | 26.58% | -2.27% | 10.59% | -4.52% | 0.72% | 29.69% | -6.78% | 6.6% | 11.17% |
| Operating Expenses | 285M | 327M | 314M | 308M | 286M | 324M | 343M | 341M | 340M | 345M | 1.17B | 1.24B | 290M | 235M | 218M | 223M | 228M | 5M | 221M | 218M |
| OpEx % of Revenue | 16.91% | 17.71% | 17.94% | 17.09% | 16.35% | 17.03% | 13.91% | 14.07% | 14.66% | 13.89% | 48.01% | 53.42% | 12.95% | 12.97% | 12.41% | 12.79% | 11.1% | 0.23% | 12.14% | 13.13% |
| Selling, General & Admin | 0 | 0 | 314M | 308M | 286M | 324M | 343M | 341M | 340M | 345M | 323M | 335M | 321M | 235M | 218M | 223M | 228M | 228M | 221M | 218M |
| SG&A % of Revenue | - | - | 17.94% | 17.09% | 16.35% | 17.03% | 13.91% | 14.07% | 14.66% | 13.89% | 13.28% | 14.4% | 14.33% | 12.97% | 12.41% | 12.79% | 11.1% | 10.51% | 12.14% | 13.13% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 544M | 749M | 637M | 603M | 684M | 758M | 940M | 936M | 826M | 922M | 0 | 0 | 743M | 799M | 753M | 759M | 829M | 930M | 796M | 757M |
| Operating Margin % | 32.28% | 40.57% | 36.4% | 33.46% | 39.11% | 39.85% | 38.12% | 38.63% | 35.6% | 37.13% | - | - | 33.17% | 44.09% | 42.88% | 43.55% | 40.36% | 42.88% | 43.71% | 45.6% |
| Operating Income Growth % | -20.47% | -1.19% | -32.23% | -35.58% | -17.19% | -17.79% | - | - | 11.17% | 15.39% | -100% | -100% | -10.37% | -14.09% | -5.4% | 0.26% | 36.8% | 25.51% | 18.28% | 25.54% |
| EBITDA | 613M | 827M | 701M | 668M | 747M | 830M | 1.06B | 1.05B | 942M | 1.03B | 1.1B | 740M | 854M | 868M | 821M | 827M | 911M | 1.01B | 883M | 825M |
| EBITDA Margin % | 36.38% | 44.8% | 40.06% | 37.07% | 42.71% | 43.64% | 42.82% | 43.33% | 40.6% | 41.64% | 45.13% | 31.8% | 38.13% | 47.9% | 46.75% | 47.45% | 44.35% | 46.8% | 48.49% | 49.7% |
| EBITDA Growth % | -17.94% | -0.36% | -33.62% | -36.38% | -20.7% | -19.73% | -3.83% | 41.89% | 10.3% | 19.12% | 33.74% | -10.52% | -6.26% | -14.48% | -7.02% | 0.24% | 35.16% | 25.77% | 16.8% | 20.26% |
| D&A (Non-Cash Add-back) | 69M | 78M | 64M | 65M | 63M | 72M | 116M | 114M | 116M | 112M | 113M | 105M | 111M | 69M | 68M | 68M | 82M | 85M | 87M | 68M |
| EBIT | 887M | 1.16B | 582M | 842M | 800M | 1.12B | 811M | 539M | 586M | 221M | 985M | 635M | 714M | -589M | 884M | 1.19B | 2.48B | 2.54B | 1.12B | 1.48B |
| Net Interest Income | -743M | -734M | -876M | -858M | -940M | -965M | -1.3B | -1.28B | -1.21B | -1.26B | -1.22B | -1.17B | -1.17B | -753M | -707M | -623M | -600M | -655M | -616M | -710M |
| Interest Income | 83M | 122M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 61M | 302M | -294M | -16M | -140M | 155M | -494M | -742M | -627M | -1.04B | -237M | -539M | -453M | -1.34B | 177M | 567M | 1.88B | 1.88B | 500M | 773M |
| Pretax Margin % | 3.62% | 16.36% | -16.8% | -0.89% | -8% | 8.15% | -20.03% | -30.62% | -27.03% | -41.84% | -9.74% | -23.16% | -20.22% | -74.06% | 10.08% | 32.53% | 91.29% | 86.68% | 27.46% | 46.57% |
| Income Tax | 106M | 131M | 7M | 30M | -11M | 129M | 31M | 47M | 82M | -409M | 130M | -81M | -59M | -122M | 173M | 47M | 183M | 198M | 100M | 87M |
| Effective Tax Rate % | 173.77% | 43.38% | -2.38% | -187.5% | 7.86% | 83.23% | -6.28% | -6.33% | -13.08% | 39.36% | -54.85% | 15.03% | 13.02% | 9.09% | 97.74% | 8.29% | 9.76% | 10.53% | 20% | 11.25% |
| Net Income | -63M | -60M | -109M | -113M | -79M | -49M | -150M | -173M | -138M | -105M | -63M | -191M | -83M | -428M | -14M | 144M | 251M | 226M | 30M | 148M |
| Net Margin % | -3.74% | -3.25% | -6.23% | -6.27% | -4.52% | -2.58% | -6.08% | -7.14% | -5.95% | -4.23% | -2.59% | -8.21% | -3.71% | -23.62% | -0.8% | 8.26% | 12.22% | 10.42% | 1.65% | 8.92% |
| Net Income Growth % | 20.25% | -22.45% | 27.33% | 34.68% | 42.75% | 53.33% | -138.1% | 9.42% | -66.27% | 75.47% | -350% | -232.64% | -133.07% | -289.38% | -146.67% | -2.7% | 99.21% | 226.26% | 128.04% | 125.34% |
| Net Income (Continuing) | -45M | 171M | -301M | -46M | -129M | 26M | -525M | -789M | -709M | -630M | -367M | -458M | -394M | -1.22B | 4M | 520M | 1.69B | 1.68B | 400M | 686M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 33.19B | 33.55B | 32.99B | 31.49B | 30.08B | 29.83B | 39.5B | 39.81B | 39.27B | 39.8B | 39.53B | 38.19B | 36.02B | 32.82B | 32.23B | 33.94B | 34.93B | 35.5B | 33.45B | 29.46B |
| EPS (Diluted) | -0.16 | -0.16 | -0.28 | -0.31 | -0.21 | -0.26 | -0.44 | -0.51 | -0.42 | -0.46 | -0.20 | -0.59 | -0.26 | -1.58 | -0.05 | 0.48 | 0.84 | 0.61 | 0.10 | 0.29 |
| EPS Growth % | 23.81% | 38.46% | 36.36% | 39.22% | 50% | 43.48% | -120% | 13.56% | -61.54% | 70.89% | -327.35% | -222.92% | -130.95% | -359.02% | -146.8% | 65.52% | 236% | 269.44% | 147.62% | 126.13% |
| EPS (Basic) | -0.16 | -0.16 | -0.28 | -0.31 | -0.21 | -0.26 | -0.44 | -0.51 | -0.42 | -0.46 | -0.20 | -0.59 | -0.26 | -1.58 | -0.05 | 0.48 | 0.84 | 0.61 | 0.10 | 0.29 |
| Diluted Shares Outstanding | 419.53M | 410.49M | 400.95M | 351.21M | 351.21M | 341.87M | 341.87M | 341.87M | 327.83M | 321.05M | 321.05M | 321.05M | 313.57M | 298.99M | 299.13M | 299.13M | 299.13M | 299.13M | 299.13M | 507.8M |
| Basic Shares Outstanding | 419.53M | 410.49M | 400.95M | 351.21M | 351.21M | 341.87M | 341.87M | 341.87M | 327.83M | 321.05M | 321.05M | 321.05M | 313.57M | 298.99M | 298.99M | 298.99M | 298.99M | 299.13M | 299.13M | 507.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 202.08% | 46.22% | 119.47% | 986.67% | - |