Brookfield Property Partners LP (Brookfield Property Partners LP) Long-Term Capital Lease Obligation : $1,243 Mil (As of Dec. 2023)

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What is Brookfield Property Partners LP Long-Term Capital Lease Obligation?

Brookfield Property Partners LP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,243 Mil.

Brookfield Property Partners LP's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1,131 Mil) to Sep. 2023 ($1,128 Mil) but then increased from Sep. 2023 ($1,128 Mil) to Dec. 2023 ($1,243 Mil).

Brookfield Property Partners LP's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($690 Mil) to Dec. 2022 ($1,049 Mil) and increased from Dec. 2022 ($1,049 Mil) to Dec. 2023 ($1,243 Mil).

Brookfield Property Partners LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for Brookfield Property Partners LP's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Brookfield Property Partners LP Long-Term Capital Lease Obligation Chart

Brookfield Property Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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889.00

875.00

690.00

1,049.00

1,243.00

Brookfield Property Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,049.00	1,094.00	1,131.00	1,128.00	1,243.00

Brookfield Property Partners LP (NAS:BPY) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Brookfield Property Partners LP Long-Term Capital Lease Obligation Related Terms

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Brookfield Property Partners LP (Brookfield Property Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Brookfield Property Partners LP (NAS:BPY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BPYPN.PFD:USA BPYPO.PFD:USA BPYPP.PFD:USA

Address

73 Front Street, 5th Floor, Hamilton, BMU, HM 12

Website

https://www.bpy.brookfield.com

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being an owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as the office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and corporate sector. It generates a majority of revenue from the LP Investments segment.

Executives

Investment Corp Of Dubai

10 percent owner

P.O. BOX 333888, LEVEL 5&6, GATE VILLAGE 7, DIFC, DUBAI C0 00000