| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Commercial property revenue | ||||||
4,192 | 3,624 | 3,216 | ||||
Hospitality revenue | ||||||
1,648 | 1,561 | 1,276 | ||||
Investment and other revenue | ||||||
295 | 167 | 361 | ||||
Total revenue | ||||||
6,135 | 5,352 | 4,853 | ||||
Direct commercial property expense | ||||||
1,617 | 1,394 | 1,281 | ||||
Direct hospitality expense | ||||||
1,079 | 1,036 | 902 | ||||
Investment and other expense | ||||||
138 | 1 | 135 | ||||
Interest expense | ||||||
1,967 | 1,681 | 1,528 | ||||
Depreciation and amortization | ||||||
275 | 240 | 180 | ||||
General and administrative expense | ||||||
614 | 569 | 559 | ||||
Total expenses | ||||||
5,690 | 4,921 | 4,585 | ||||
Fair value gains, net | ||||||
1,254 | 692 | 2,007 | ||||
Share of net earnings from equity accounted investments | ||||||
961 | 1,019 | 1,591 | ||||
Income before income taxes | ||||||
2,660 | 2,142 | 3,866 | ||||
Income tax expense | ||||||
192 | -575 | 100 | ||||
Net income | ||||||
2,468 | 2,717 | 3,766 | ||||
Net income attributable to: | ||||||
Limited partners | ||||||
136 | 660 | 1,064 | ||||
General partner | ||||||
0 | 0 | 1 | ||||
Non-controlling interests attributable to: | ||||||
Redeemable/exchangeable and special limited partnership units | ||||||
233 | 1,103 | 1,789 | ||||
Limited partnership units of Brookfield Office Properties Exchange LP | ||||||
6 | 30 | 61 | ||||
Interests of others in operating subsidiaries and properties | ||||||
2,093 | 924 | 851 | ||||
Net income per LP Unit: | ||||||
Basic (in dollars per share) | ||||||
0.48 | 2.30 | 3.72 | ||||
Diluted (in dollars per share) | ||||||
0.48 | 2.25 | 3.60 | ||||