Brookfield Property REIT Inc. BPRAP Income Statement

Brookfield property reit inc. (BPRAP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Revenues:
Lease Income
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental revenues, net
-	-	-	-	-	-	-	-	-	2,133	1,429	1,413	1,427	1,449	1,469	1,480	1,478	1,481	1,507	1,545	1,568	1,583	1,560	1,546	1,547	1,553	1,526	1,538	1,535	1,517	1,492	1,481	1,489	1,508	1,396	0	0	0
Tenant recoveries
-	-	-	-	-	-	-	-	-	-	649	650	658	668	675	686	684	689	704	718	735	739	734	724	713	716	697	701	703	693	677	686	687	694	646	0	0	0
Overage rents
-	-	-	-	-	-	-	-	-	-	37	39	40	42	44	44	43	44	45	48	50	51	53	53	54	55	62	66	67	69	65	64	62	60	46	0	0	0
Management fees and other corporate revenues
160	166	166	153	141	125	109	107	102	105	100	92	90	95	94	93	101	86	84	82	73	70	69	69	69	68	66	67	71	71	73	69	61	61	52	0	0	0
Other
64	59	55	56	65	70	77	82	85	89	93	91	88	90	96	107	109	102	89	80	78	89	98	99	97	90	79	76	78	73	74	74	72	72	62	0	0	0
Total revenues
1,591	1,563	1,526	1,644	1,866	2,064	2,277	2,363	2,335	2,327	2,310	2,286	2,305	2,346	2,380	2,411	2,416	2,403	2,432	2,474	2,506	2,535	2,516	2,494	2,482	2,486	2,432	2,449	2,456	2,426	2,382	2,376	2,373	2,396	2,204	0	0	0
Operating Expenses:
Real estate taxes
178	171	170	182	202	221	236	242	239	237	234	230	229	229	226	225	224	222	225	225	227	227	234	235	229	239	222	222	226	215	210	209	212	215	207	0	0	0
Property maintenance costs
31	32	30	32	36	41	47	49	49	49	49	51	52	55	56	56	57	60	62	64	65	66	66	66	67	69	70	73	76	74	70	74	78	86	89	0	0	0
Marketing
5	5	5	6	7	7	10	10	10	11	11	11	13	13	16	18	19	21	22	22	23	24	24	26	26	27	29	31	32	33	34	34	33	32	30	0	0	0
Other property operating costs
185	179	173	194	224	253	281	290	288	286	281	279	281	282	290	296	297	302	309	314	324	333	329	338	341	341	336	342	350	351	349	357	359	365	350	0	0	0
Provision for doubtful accounts
-	-	2	6	-	12	11	9	10	10	11	9	8	8	7	8	8	8	9	7	9	8	5	6	4	3	4	4	3	3	5	5	7	4	2	0	0	0
Provision for loan loss
-	-	-	-	-	-	-	-	-	-	-	-	-	29	29	36	36	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Management and Other Costs
234	229	226	211	189	172	149	141	143	145	147	149	148	138	146	147	149	161	157	153	152	155	160	167	169	164	163	160	158	159	168	174	180	186	167	0	0	0
General and administrative
21	22	21	32	39	46	53	49	53	56	57	58	57	55	54	53	51	50	48	48	64	64	67	65	49	49	42	41	39	39	44	49	40	30	40	0	0	0
Business Combination, Acquisition Related Costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs related to the BPY Transaction
-	-	7	211	-	202	204	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment
-	-	223	191	-	45	45	38	38	0	0	28	32	73	81	53	49	8	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Depreciation and amortization
540	501	475	511	566	633	702	707	708	693	667	688	670	660	659	631	628	643	662	690	712	708	709	715	728	749	738	754	754	768	772	794	833	854	803	0	0	0
Total operating expenses
1,420	1,373	1,337	1,580	1,493	1,636	1,744	1,541	1,542	1,489	1,460	1,501	1,486	1,546	1,568	1,527	1,521	1,480	1,502	1,532	1,585	1,594	1,599	1,621	1,616	1,645	1,575	1,631	1,643	1,644	1,687	1,701	1,747	1,778	1,691	0	0	0
Operating income (loss)
-	-	-	-	-	-	-	-	-	-	850	785	819	-	811	883	895	923	929	942	921	941	917	873	865	840	857	818	813	781	695	675	625	618	512	0	0	0
Interest and dividend income
20	25	31	26	32	33	36	44	52	61	67	65	61	59	57	56	56	49	43	39	31	28	26	18	13	7	1	1	2	2	2	2	1	1	2	0	0	0
Interest expense
702	678	647	611	593	576	562	553	547	541	536	541	555	571	584	588	582	607	631	660	692	699	699	698	710	723	738	765	762	781	782	801	854	863	801	0	0	0
Loss on foreign currency
-	-	-	-	-	-	-	-	-	-0	1	-3	8	14	17	-6	-13	-44	-57	-48	-46	-18	-7	8	0	-	0	0	-	-	-	-	-	-	-	-	-	-
Warrant liability adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	129	253	399	502	677	216	164	-55	-114	0	0	0
Gains from changes in control of investment properties and other, net
-	-	274	3,084	-	3,097	2,862	107	91	79	68	593	648	722	745	138	117	634	713	700	682	91	0	219	0	-	0	0	-	-	-	0	-	-	-	-	-	-
(Loss) gain on extinguishment of debt
-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-36	0	0	0	-	-	-	-	-	-	-	-	-
Loss before income taxes, equity in loss of Unconsolidated Real Estate Affiliates and related gain on investment, and allocation to noncontrolling interests
181	230	-167	2,576	2,910	2,995	2,865	420	440	491	507	955	981	1,026	1,048	483	473	954	998	972	895	343	229	194	359	260	158	-30	-352	-496	-743	-321	-391	-188	-172	0	0	0
Provision for income taxes
10	9	-29	-585	-589	-594	-597	-19	-15	-10	15	8	2	0	-8	-26	-24	-38	-24	-11	-7	7	1	6	3	0	4	7	7	9	6	7	7	8	-1	0	0	0
Equity in loss of Unconsolidated Real Estate Affiliates
22	19	27	31	54	86	112	127	143	152	203	203	207	231	160	140	119	73	58	49	55	51	51	58	52	58	79	87	85	78	45	33	11	2	-3	0	0	0
Equity Method Investment, Realized Gain (Loss) on Disposal
148	240	136	581	581	487	500	22	22	12	10	11	36	51	46	57	329	327	320	309	0	-	0	0	-	9	0	0	0	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	398	288	252	414	328	234	53	-270	-426	-704	-296	-386	-193	-173	0	0	0
Discontinued operations:
Income from discontinued operations, including gains on dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-37	-39	-95	-91	-95	0	0	0	-	-	-	-	0
Gain on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	0	0	0	-	-	-	-	-	-	-	-	-
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	281	179	168	43	-11	37	-18	-15	-44	-170	-116	-121	-112	-20	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
342	480	26	3,775	4,136	4,163	4,075	589	622	666	706	1,161	1,223	1,308	1,263	709	947	1,393	1,490	1,440	1,189	679	467	420	457	317	271	34	-286	-471	-875	-412	-507	-306	-194	0	0	0
Allocation to noncontrolling interests
22	48	5	38	78	73	33	7	8	9	13	18	19	19	17	13	15	19	20	19	17	14	13	14	15	14	14	12	9	9	5	9	8	6	4	0	0	0
Net (loss) income attributable to Brookfield Property REIT Inc.
319	432	20	3,737	4,058	4,090	4,042	581	614	657	692	1,143	1,203	1,288	1,245	695	931	1,374	1,470	1,420	1,172	665	453	406	442	302	257	22	-295	-481	0	0	0	-	-	-	-	-
Preferred Stock dividends
-	-	-	-	-	-	-	0	-	-	15	15	15	-	15	15	15	15	15	15	15	15	15	15	15	14	0	0	0	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	676	1,127	1,187	-	1,230	679	915	1,358	1,454	1,404	1,156	649	437	390	426	288	247	16	-297	-481	-881	-421	-516	-313	-199	0	0	0
Common Stock Earnings Per Share (See Note 10):
Earnings Per Share [Abstract]
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	-	-	-0.21	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-0.01	-	-
Basic & diluted earnings per share class A stock (in dollars per share)
0.33	0.33	0.33	0.33	0.33	-	0.31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	-	-	-0.22	-	-
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.22	0.22	0.22	-	0.20	0.19	-	-	-	-	-	-	0.16	0.15	0.15	-	0.13	0.12	0.12	-	0.11	0.10	0.10	-	0.10	0.10	0.10	0.38
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	-	0.14	0.47	0.71	0.23	0.07	0.06	0.06	0.10	0.03	0.22	-0.03	-	-0.17	-0.12	-	-	0.27	-	-	-0.26
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	0.13	0.44	0.66	0.09	0.01	0.14	0.08	-0.03	0.00	0.00	0.02	-	-0.06	-	-	-	-	-	-	-0.01
Basic (in dollars per share)
-	-	-	-	-	-0.69	4.70	0.09	0.06	0.21	0.25	0.14	0.12	0.28	0.76	0.21	0.19	1.02	0.18	0.17	0.17	0.32	0.08	0.20	0.14	0.07	0.03	0.22	-0.01	-	-0.23	-0.12	-	-	0.27	-	-	-0.27
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22	0.06	0.05	0.06	0.12	0.02	0.21	-0.03	-	-0.17	-0.12	-	-	-0.08	-	-	-0.26
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	0.01	0.13	0.07	-0.03	0.00	0.00	0.02	-	-0.06	-	-	-	-	-	-	-0.01
Diluted (in dollars per share)
-	-	-	-	-	-0.68	4.68	0.09	0.06	0.21	0.23	0.13	0.11	-	0.70	0.19	-	-	-	-	-	0.31	0.07	0.18	0.13	0.09	0.02	0.21	-0.01	-	-0.23	-0.12	-	-	-0.08	-	-	-0.27
Comprehensive Income (Loss), Net:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
342	480	26	3,775	4,136	4,163	4,075	589	622	666	706	1,161	1,223	1,308	1,263	709	947	1,393	1,490	1,440	1,189	679	467	420	457	317	271	34	-286	-471	-875	-412	-507	-306	-194	0	0	0
Other comprehensive loss
Foreign currency translation
-16	-2	-2	0	-10	-10	-16	-10	-4	-1	2	-2	9	14	15	-2	-8	-33	-43	-35	-35	-13	-9	107	43	49	49	-56	-43	-39	-40	-125	-35	-48	-42	0	0	0
Reclassification adjustment for realized gains on available-for-sale securities included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-11	-8	0	0	11	8	0	0	-	0	-	-0	-0	-0	0	0	-0	0	0	0	0	-0	0	0	0
Net unrealized losses on other financial instruments
-0	-0	-0	-0	-0	0	0	0	0	0	0	-0	0	0	0	0	0	0	0	-0	0	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	0	0
Other comprehensive loss
-16	-2	-2	0	-10	-10	-16	-10	-4	-1	2	-2	9	2	7	-2	-8	-21	-34	-35	-35	-13	-9	106	43	49	48	-55	-43	-39	-39	-125	-34	-48	-42	0	0	0
Comprehensive (loss) income
325	478	23	3,775	4,125	4,153	4,058	579	617	665	708	1,158	1,233	1,310	1,270	706	938	1,372	1,456	1,404	1,154	666	457	527	501	366	320	-21	-329	-511	-915	-537	-542	-355	-237	0	0	0
Comprehensive loss (income) allocated to noncontrolling interests
22	48	5	38	78	73	33	7	8	9	13	17	19	19	17	13	15	18	20	19	16	13	14	15	16	15	14	11	8	9	5	8	8	6	4	0	0	0
Comprehensive (loss) income attributable to Brookfield Property REIT Inc.
302	430	17	3,737	4,047	4,079	4,025	571	609	655	694	1,141	1,213	1,290	1,253	692	923	1,353	1,435	1,385	1,137	652	443	512	485	351	306	-33	-338	-520	-920	-545	-551	-361	-242	0	0	0
Preferred Stock dividends
-	-	-	-	-	-	-	0	-	-	15	15	15	-	15	15	15	15	15	15	15	15	15	15	15	14	0	0	0	-	-	-	-	-	-	-	-	-
Comprehensive income, net, attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	1,125	1,197	-	1,237	676	907	1,337	1,419	1,369	1,121	636	427	496	469	337	296	-39	-340	-520	0	0	0	-	-	-	-	-