OverviewBrookfield Property Partners L.P. (BPY) owns and operates a globally diversified portfolio of high-quality assets that generate sustainable and growing distributions over the long term. With a current yield of 7% and a distribution growth target of 5%–8% annually, BPY offers an attractive risk-adjusted total return to its unitholders.

Brookfield Property REIT (BPR) is a subsidiary of BPY that offers economic equivalence to an investment in BPY in the form of a U.S. REIT security.

Investment HighlightsGlobally diversified – one of the few publicly traded, global real estate vehicles

Premier quality assets – best-in-class office and retail properties in dynamic markets

Access to a leading asset management group – origination of opportunities through Brookfield’s network and participation in Brookfield-sponsored private real estate funds

Experienced management team with proven track record – demonstrated success of recycling capital and growing returns to unitholders

Brookfield Property Partners

i n v e s t o r f a c t s h e e t

T R A C K R E C O R D O F G R O W T H

PER-UNIT COMPANY FFO PER-UNIT DISTRIBUTION

0.0

0.3

0.6

0.9

1.2

1.5

2014

TRACK RECORD OF GROWTHPER UNIT COMPANY FFO

2018

$1.11

$1.488% CAGR

0.0

0.3

0.6

0.9

1.2

1.5

2014 2018

$1.00

$1.266% CAGR

F U T U R E D R I V E R S O F G R O W T H

▪ Achieving same-property growth of 2%–3%

▪ Completing active developments on time and budget

▪ Realizing significant earnings from our LP investments

A N A LY S T C O V E R A G E

Q U I C K F A C T SE X C H A N G E SNASDAQ: BPY/BPRTSX: BPY.UN

949MTOTAL UNITS OUTSTANDING1

$19.3BMARKET CAPITALIZATION1

5%-8%TARGET ANNUAL

DISTRIBUTION GROWTH

70%PAYOUT RATIO

$1.32PER UNIT

DISTRIBUTION

6.5%YIELD1

1. As of September 30, 2019

Canaccord Genuity Mark Rothschild

CIBC Dean Wilkinson

Evercore ISI Sheila McGrath

RBC Capital Markets Neil Downey

Scotiabank Mario Saric

Global Scale

This fact sheet contains forward-looking statements and information within the meaning of the Canadian provincial securities laws and other “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as “growing,” “target” and “expand” or variations of such words and phrases. Although Brookfield Property Partners believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove correct. The reader should not place undue reliance on forward-looking statements and information, as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Property Partners to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, Brookfield Property Partners does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

C O N T A C TMatt Cherry Senior Vice President, Investor Relations

Tel: 212-417-7488

Email: matthew.cherry@brookfield.com

bpy.brookfield.com

1. At the Brookfield Property Group level which includes assets of BPY and Brookfield-managed funds.

2. Employee figures are as of December 31, 2018. 3. AUM in the Bahamas are included within our

U.S. AUM figure.

$9B

Operating SegmentsC O R E O F F I C E P O R T F O L I O

Class A office assets in gateway markets around the globe

▪ 136 premier properties

▪ 93 million square feet

▪ 92.4% occupancy

▪ 8.1 year average lease term

C O R E R E T A I L P O R T F O L I O

Represents 8% of the high-quality retail space in the U.S.

▪ 123 best-in-class malls and urban retail properties

▪ over 121 million square feet

▪ 95.0% occupancy

▪ $787 NOI-weighted sales per square foot

L P I N V E S T M E N T S

Invested in mispriced portfolios and / or properties with significant value-add opportunities

▪ 20,397 multifamily units

▪ 127 hospitality properties

▪ 283 triple-net lease assets

▪ 100 self-storage properties

▪ 136 manufactured housing communities

▪ 357,000 square feet of logistics space

▪ 50 student housing properties

▪ 112 office properties

▪ 43 retail properties

▪ 7 mixed-use properties

C A N A D A

AUM

$31BE U R O P E & M I D D L E E A S T

AUM

$14BA S I A P A C I F I C

AUM

$3BB R A Z I L

AUM

$137BU N I T E D S T A T E S 3

AUM

$194BTOTAL RE AUM1

30OFFICES

19KOPERATING EMPLOYEES2