Quarterly ResultMay 15, 2026, 04:39 PM
Brookfield Property Q1 Net Loss Narrows to $45M; Fair Value Gains $67M
AI Summary
Brookfield Property Partners reported a net loss of $45 million for Q1 2026, a significant improvement from the $129 million net loss in Q1 2025, primarily driven by a shift to $67 million in fair value gains and a $114 million reduction in interest expense. Total revenue for the quarter decreased to $1,685 million. The company's total assets increased to $101,797 million, while debt obligations rose to $49,362 million as of March 31, 2026, reflecting substantial acquisition activity including a $2.44 billion senior living portfolio.
Key Highlights
- Net loss for Q1 2026 was $45 million, an improvement from $129 million in Q1 2025.
- Fair value gains, net, were $67 million in Q1 2026, compared to losses of $110 million in Q1 2025.
- Total revenue decreased to $1,685 million in Q1 2026 from $1,749 million in Q1 2025.
- Interest expense decreased by $114 million in Q1 2026, partly due to India REIT deconsolidation.
- Total assets increased by $2,517 million to $101,797 million as of March 31, 2026.
- Debt obligations rose to $49,362 million as of March 31, 2026, from $46,314 million at Dec 31, 2025.
- Acquired a portfolio of 51 senior living assets for $2,440 million in Q1 2026.
- Sold 17 manufactured housing communities for approximately $1,090 million in Q1 2026.
Price Impact