Brookfield Property REIT Inc. Increases and Declares Quarterly Dividends

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BROOKFIELD NEWS, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today that its Board of Directors approved an increase in the company’s quarterly dividend on its Class A Stock, par value $0.01 per share, from $0.315 to $0.33 per share ($1.32 per share on an annual basis). Accordingly, the Board has declared a quarterly dividend of $0.33 per share payable on March 29, 2019 to shareholders of record at the close of business on February 28, 2019.

The Board of Directors has also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPRAP) of $0.3984375 per share payable on April 1, 2019, to stockholders of record on March 15, 2019.

About Brookfield Property REIT Inc.Brookfield Property REIT Inc. (“BPR”) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (“BPY”) one of the world’s largest commercial real estate companies, with approximately $87 billion in total assets. BPR was created as a public security that is intended to offer economic equivalence to an investment in BPY in the form of a U.S. REIT stock.

Brookfield Property Partners are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing assets.

Further information is available at bpy.brookfield.com/bpr.

Contact:Matthew CherrySVP, Investor Relations & CommunicationsTel.: (212) 417-7488 / Email: [email protected]