All dollar denominations are in US dollars unless otherwise noted.

BROOKFIELD NEWS, May 04, 2023 (GLOBE NEWSWIRE) — Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the board of directors has declared quarterly distributions on Nasdaq Class A listed BPYPP, BPYPO, BPYPN and the Partnership has announced and BPYPM BPYP Preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on June 30, 2023 to holders of record at the close of business on June 1, 2023.

Brookfield Real Estate Partners

Brookfield Property Partners is one of the world’s leading real estate companies. We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multi-family, logistics, hospitality, single-family rentals, prefabricated housing, student housing and self-storage.

Brookfield Property Partners is a subsidiary of Brookfield Asset Management Ltd., a leading global alternative wealth manager with over $825 billion in assets under management. For more information, see www.brookfield.com.

Contact:
Rachel Nappi
Director, Investor Relations
Phone: (212) 417-7169
E-mail: Rachel.Nappi@brookfield.com