BPYPO (Brookfield Property Partners L.P.) Stock Financials & Earnings | Market Cap Arena

BPYPO (Brookfield Property Partners L.P.) Stock Financials & Earnings | Market Cap Arena

BPYPOBrookfield Property Partners L.P.

Mkt Cap$6B

Real Estate·Real Estate - Services·🇧🇲 Bermuda·NASDAQ

Revenue (TTM)$7.1B

Net Income (TTM)-$361M

EPS (TTM)-$0.96

Free Cash Flow (TTM)-$1.4B

Gross Margin54.7%

Op. Margin37.4%

Net Margin-5.1%

FCF Margin-18.9%

P/S Ratio (TTM)0.9x

P/E Ratio (TTM)—

YoY Rev Growth-21.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.2B	$2.0B	$743M
Q2 23	$2.3B	$1.2B	$0
Q3 23	$2.4B	$1.2B	$0
Q4 23	$2.5B	$1.3B	$922M
Q1 24	$2.3B	$1.2B	$826M
Q2 24	$2.4B	$1.3B	$936M
Q3 24	$2.5B	$1.3B	$940M
Q4 24	$1.9B	$1.1B	$758M
Q1 25	$1.7B	$970M	$684M
Q2 25	$1.8B	$911M	$603M
Q3 25	$1.8B	$951M	$637M
Q4 25	$1.8B	$1.1B	$749M

Valuation

Quarter	P/S	P/E
Q1 23	0.8x	—
Q2 23	0.8x	—
Q3 23	0.7x	—
Q4 23	0.6x	—
Q1 24	0.6x	—
Q2 24	0.6x	—
Q3 24	0.6x	—
Q4 24	0.7x	—
Q1 25	0.7x	—
Q2 25	0.8x	—
Q3 25	0.9x	—
Q4 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$847M	-$917M
Q2 23	-$5M	-$144M
Q3 23	$187M	$13M
Q4 23	-$5M	-$151M
Q1 24	$258M	$158M
Q2 24	$238M	$141M
Q3 24	$262M	$175M
Q4 24	$260M	$141M
Q1 25	-$300M	-$331M
Q2 25	$64M	$18M
Q3 25	-$144M	-$187M
Q4 25	-$215M	-$853M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$70M
Q2 23	$139M
Q3 23	$174M
Q4 23	$146M
Q1 24	$100M
Q2 24	$97M
Q3 24	$87M
Q4 24	$119M
Q1 25	$31M
Q2 25	$46M
Q3 25	$43M
Q4 25	$638M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+9.1%	+22.2%
Q2 23	+33.5%	+136.5%
Q3 23	+38.6%	+142.6%
Q4 23	+37.0%	+54.1%
Q1 24	+3.6%	-0.2%
Q2 24	+4.1%	-36.1%
Q3 24	+1.4%	-37.3%
Q4 24	-23.4%	-26.7%
Q1 25	-24.6%	-28.7%
Q2 25	-25.6%	-19.4%
Q3 25	-29.0%	-27.1%
Q4 25	-2.9%	-4.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$321M
Q2 23	$335M
Q3 23	$323M
Q4 23	$345M
Q1 24	$340M
Q2 24	$341M
Q3 24	$343M
Q4 24	$324M
Q1 25	$286M
Q2 25	$308M
Q3 25	$314M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$2.9B	$0	$2.9B
Q2 23	$2.8B	$0	$2.8B
Q3 23	$2.6B	$0	$2.6B
Q4 23	$2.7B	$0	$2.7B
Q1 24	$2.6B	$0	$2.6B
Q2 24	$2.4B	$0	$2.4B
Q3 24	$1.7B	$0	$1.7B
Q4 24	$2.2B	$0	$2.2B
Q1 25	$1.8B	$0	$1.8B
Q2 25	$1.7B	$0	$1.7B
Q3 25	$1.8B	$0	$1.8B
Q4 25	$2.1B	$0	$2.1B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	314M	+4.9%
Q2 23	321M	+2.4%
Q3 23	321M	+0.0%
Q4 23	321M	+0.0%
Q1 24	328M	+2.1%
Q2 24	342M	+4.3%
Q3 24	342M	+0.0%
Q4 24	342M	+0.0%
Q1 25	351M	+2.7%
Q2 25	351M	+0.0%
Q3 25	401M	+14.2%
Q4 25	410M	+2.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$312K	14K
FY 15	$347K	14K
FY 16	$335K	16K
FY 17	$361K	17K
FY 18	$381K	19K
FY 19	$373K	22K
FY 20	$270K	24K
FY 21	$241K	30K
FY 22	$249K	30K
FY 23	$314K	30K
FY 24	$355K	26K
FY 25	$298K	24K