Brookfield Property Preferred Limited Financials

BPYPM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Brookfield Property Preferred Limited (BPYPM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 22/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Brookfield Property Preferred Limited's revenue declined 21.6% year-over-year, from $9.1B to $7.1B. This contraction results in a growth score of 0/100.

Leverage

100

Brookfield Property Preferred Limited carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Brookfield Property Preferred Limited's current ratio of 0.23 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Brookfield Property Preferred Limited generated -$595.0M in operating cash flow, capex of $758.0M consumed most of it, leaving -$1.4B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Brookfield Property Preferred Limited generates a -0.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is up from -5.2% the prior year.

Piotroski F-Score Weak

1/9

Brookfield Property Preferred Limited passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

1.95x

For every $1 of reported earnings, Brookfield Property Preferred Limited generates $1.95 in operating cash flow (-$595.0M OCF vs -$305.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.1B

YoY-21.6%

5Y CAGR+1.6%

10Y CAGR+3.9%

Brookfield Property Preferred Limited generated $7.1B in revenue in fiscal year 2025. This represents a decrease of 21.6% from the prior year.

EBITDA

N/A

Net Income

-$305.0M

YoY+84.7%

Brookfield Property Preferred Limited reported -$305.0M in net income in fiscal year 2025. This represents an increase of 84.7% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$1.4B

YoY-320.0%

Brookfield Property Preferred Limited generated -$1.4B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 320.0% from the prior year.

Cash & Debt

$1.9B

YoY-15.8%

5Y CAGR-5.5%

10Y CAGR+6.0%

Brookfield Property Preferred Limited held $1.9B in cash against $842.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

Brookfield Property Preferred Limited had 0 shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-4.3%

YoY+17.6pp

5Y CAGR+26.9pp

10Y CAGR-81.9pp

Brookfield Property Preferred Limited's net profit margin was -4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.6 percentage points from the prior year.

Return on Equity

-0.7%

YoY+4.5pp

5Y CAGR+4.2pp

10Y CAGR-12.9pp

Brookfield Property Preferred Limited's ROE was -0.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$758.0M

YoY+88.1%

5Y CAGR+35.0%

10Y CAGR+30.7%

Brookfield Property Preferred Limited invested $758.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 88.1% from the prior year.

BPYPM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.1B-21.6%	$9.1B-3.9%	$9.5B+28.8%	$7.4B+3.7%	$7.1B+7.7%	$6.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$64.0M-23.8%	$84.0M0.0%	$84.0M+44.8%	$58.0M-1.7%	$59.0M+1.7%	$58.0M
Income Tax	$157.0M-45.7%	$289.0M+169.0%	-$419.0M-249.1%	$281.0M-42.7%	$490.0M+122.7%	$220.0M
Net Income	-$305.0M+84.7%	-$2.0B-8.0%	-$1.8B-285.6%	$996.0M-71.5%	$3.5B+270.0%	-$2.1B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$1.8B	N/A	$2.4B	N/A	$2.3B	N/A	$1.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$15.0M	N/A	$26.0M	N/A	$20.0M	N/A	$15.0M
Income Tax	N/A	$30.0M	N/A	$47.0M	N/A	-$81.0M	N/A	$47.0M
Net Income	N/A	-$46.0M	N/A	-$789.0M	N/A	-$458.0M	N/A	$520.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BPYPM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$99.3B-3.2%	$102.6B-22.0%	$131.6B+16.9%	$112.5B+0.5%	$112.0B+3.8%	$108.0B
Current Assets	$4.0B-20.5%	$5.0B-30.3%	$7.2B+10.4%	$6.5B+32.2%	$4.9B+11.4%	$4.4B
Cash & Equivalents	$1.9B-15.8%	$2.2B-5.7%	$2.3B-41.8%	$4.0B+56.1%	$2.6B+4.2%	$2.5B
Inventory	$510.0M+117.9%	$234.0M+78.6%	$131.0M-25.6%	$176.0M-69.3%	$574.0M+338.2%	$131.0M
Accounts Receivable	$2.0B-5.4%	$2.1B-40.3%	$3.5B+60.1%	$2.2B-4.4%	$2.3B+21.6%	$1.9B
Goodwill	$1.2B+26.9%	$931.0M-35.8%	$1.4B+53.3%	$946.0M+13.7%	$832.0M-23.0%	$1.1B
Total Liabilities	$56.7B-11.9%	$64.3B-22.5%	$83.0B+17.3%	$70.8B+5.6%	$67.0B+0.9%	$66.4B
Current Liabilities	$17.2B-17.4%	$20.8B-5.0%	$21.9B-9.6%	$24.2B+37.7%	$17.6B-1.5%	$17.8B
Long-Term Debt	$842.0M+7.4%	$784.0M-36.9%	$1.2B+18.5%	$1.0B+52.0%	$690.0M-21.1%	$875.0M
Total Equity	$42.6B+11.3%	$38.2B-21.3%	$48.6B+16.4%	$41.7B-7.3%	$45.0B+8.4%	$41.5B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$99.3B+0.4%	$98.9B-3.6%	$102.6B-22.6%	$132.6B+0.8%	$131.6B+1.2%	$130.0B+15.5%	$112.5B+6.6%	$105.5B
Current Assets	$4.0B-0.2%	$4.0B-20.4%	$5.0B-22.4%	$6.5B-10.3%	$7.2B+12.2%	$6.4B-1.6%	$6.5B+45.0%	$4.5B
Cash & Equivalents	$1.9B+9.2%	$1.7B-22.9%	$2.2B-8.0%	$2.4B+2.6%	$2.3B-15.4%	$2.8B-31.1%	$4.0B+84.8%	$2.2B
Inventory	$510.0M+174.2%	$186.0M-20.5%	$234.0M-15.8%	$278.0M+112.2%	$131.0M-60.8%	$334.0M+89.8%	$176.0M-29.0%	$248.0M
Accounts Receivable	$2.0B+2.7%	$1.9B-7.9%	$2.1B-26.8%	$2.8B-18.3%	$3.5B+6.8%	$3.3B+49.8%	$2.2B+6.6%	$2.0B
Goodwill	$1.2B+15.7%	$1.0B+9.7%	$931.0M-34.4%	$1.4B-2.1%	$1.4B-0.5%	$1.5B+54.0%	$946.0M+27.0%	$745.0M
Total Liabilities	$56.7B-3.4%	$58.7B-8.8%	$64.3B-23.5%	$84.1B+1.4%	$83.0B+0.4%	$82.6B+16.7%	$70.8B+14.1%	$62.0B
Current Liabilities	$17.2B-15.8%	$20.4B-1.9%	$20.8B-10.7%	$23.3B+6.5%	$21.9B-32.1%	$32.2B+33.0%	$24.2B+19.1%	$20.3B
Long-Term Debt	$842.0M+4.0%	$810.0M+3.3%	$784.0M-39.1%	$1.3B+3.6%	$1.2B+9.9%	$1.1B+7.8%	$1.0B+63.1%	$643.0M
Total Equity	$42.6B+5.9%	$40.2B+5.1%	$38.2B-21.1%	$48.5B-0.2%	$48.6B+2.6%	$47.3B+13.4%	$41.7B-4.1%	$43.5B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BPYPM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$595.0M-158.4%	$1.0B+251.9%	-$670.0M-1164.2%	-$53.0M-108.7%	$606.0M-54.5%	$1.3B
Capital Expenditures	$758.0M+88.1%	$403.0M-23.8%	$529.0M+155.6%	$207.0M+32.7%	$156.0M-7.7%	$169.0M
Free Cash Flow	-$1.4B-320.0%	$615.0M+151.3%	-$1.2B-361.2%	-$260.0M-157.8%	$450.0M-61.3%	$1.2B
Investing Cash Flow	-$1.4B+79.0%	-$6.8B-128.0%	-$3.0B-138.2%	$7.8B+4191.8%	$182.0M+283.8%	-$99.0M
Financing Cash Flow	$1.6B-72.1%	$5.7B+195.2%	$1.9B+130.1%	-$6.5B-869.7%	-$666.0M-209.8%	-$215.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BPYPM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-4.3%+17.6pp	-21.9%-2.4pp	-19.5%-33.0pp	13.5%-35.8pp	49.3%+80.5pp	-31.2%
Return on Equity	-0.7%+4.5pp	-5.2%-1.4pp	-3.8%-6.2pp	2.4%-5.4pp	7.8%+12.7pp	-5.0%
Return on Assets	-0.3%+1.6pp	-1.9%-0.5pp	-1.4%-2.3pp	0.9%-2.2pp	3.1%+5.0pp	-1.9%
Current Ratio	0.230.0	0.24-0.1	0.33+0.1	0.27-0.0	0.28+0.0	0.25
Debt-to-Equity	0.020.0	0.020.0	0.030.0	0.030.0	0.020.0	0.02
FCF Margin	-18.9%-25.7pp	6.8%+19.4pp	-12.6%-9.1pp	-3.5%-9.9pp	6.3%-11.3pp	17.6%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	-2.5%	N/A	-32.6%	N/A	-19.7%	N/A	29.8%
Return on Equity	N/A	-0.1%	N/A	-1.6%	N/A	-1.0%	N/A	1.2%
Return on Assets	N/A	-0.1%	N/A	-0.6%	N/A	-0.4%	N/A	0.5%
Current Ratio	0.23+0.0	0.20-0.0	0.24-0.0	0.28-0.1	0.33+0.1	0.20-0.1	0.27+0.0	0.22
Debt-to-Equity	0.020.0	0.020.0	0.020.0	0.030.0	0.030.0	0.020.0	0.03+0.0	0.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.23), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Brookfield Property Preferred Limited's annual revenue?

Brookfield Property Preferred Limited (BPYPM) reported $7.1B in total revenue for fiscal year 2025. This represents a -21.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brookfield Property Preferred Limited's revenue growing?

Brookfield Property Preferred Limited (BPYPM) revenue declined by 21.6% year-over-year, from $9.1B to $7.1B in fiscal year 2025.

Is Brookfield Property Preferred Limited profitable?

No, Brookfield Property Preferred Limited (BPYPM) reported a net income of -$305.0M in fiscal year 2025, with a net profit margin of -4.3%.

How much debt does Brookfield Property Preferred Limited have?

As of fiscal year 2025, Brookfield Property Preferred Limited (BPYPM) had $1.9B in cash and equivalents against $842.0M in long-term debt.

What is Brookfield Property Preferred Limited's net profit margin?

Brookfield Property Preferred Limited (BPYPM) had a net profit margin of -4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brookfield Property Preferred Limited's return on equity (ROE)?

Brookfield Property Preferred Limited (BPYPM) has a return on equity of -0.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Property Preferred Limited's free cash flow?

Brookfield Property Preferred Limited (BPYPM) generated -$1.4B in free cash flow during fiscal year 2025. This represents a -320.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Brookfield Property Preferred Limited's operating cash flow?

Brookfield Property Preferred Limited (BPYPM) generated -$595.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Property Preferred Limited's total assets?

Brookfield Property Preferred Limited (BPYPM) had $99.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Brookfield Property Preferred Limited's capital expenditures?

Brookfield Property Preferred Limited (BPYPM) invested $758.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Brookfield Property Preferred Limited have outstanding?

Brookfield Property Preferred Limited (BPYPM) had 0 shares outstanding as of fiscal year 2025.

What is Brookfield Property Preferred Limited's current ratio?

Brookfield Property Preferred Limited (BPYPM) had a current ratio of 0.23 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Brookfield Property Preferred Limited's debt-to-equity ratio?

Brookfield Property Preferred Limited (BPYPM) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brookfield Property Preferred Limited's return on assets (ROA)?

Brookfield Property Preferred Limited (BPYPM) had a return on assets of -0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Property Preferred Limited's cash runway?

Based on fiscal year 2025 data, Brookfield Property Preferred Limited (BPYPM) had $1.9B in cash against an annual operating cash burn of $595.0M. This gives an estimated cash runway of approximately 37 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Brookfield Property Preferred Limited's Piotroski F-Score?

Brookfield Property Preferred Limited (BPYPM) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brookfield Property Preferred Limited's earnings high quality?

Brookfield Property Preferred Limited (BPYPM) has an earnings quality ratio of 1.95x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Brookfield Property Preferred Limited?

Brookfield Property Preferred Limited (BPYPM) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.