Brookfield Property REIT Inc. Declares Quarterly Dividends

Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share on its Class A Stock payable on September 30, 2020 to shareholders of record at the close of business on August 31, 2020.

The Board of Directors has also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPYUP) of $0.39844 per share payable on October 1, 2020, to stockholders of record on September 15, 2020.

About Brookfield Property REIT Inc.Brookfield Property REIT Inc. (“BPYU”) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (“BPY”) one of the world’s premier real estate companies, with approximately $86 billion in total assets.   BPYU 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, logistics, hospitality, self-storage, student housing and manufactured housing assets.

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

Contact:Matt CherrySenior Vice President, Investor Relations Tel.: [phone]Email: [e-mail]