Brookfield Property Partners L.P. announced that the Board of Directors approved an increase in the Partnership's quarterly distribution from $0.315 to $0.33 per unit ($1.32 per unit on an annual basis). Accordingly, the Board of Directors declared a quarterly distribution of $0.33 per unit payable on March 29, 2019 to unitholders of record at the close of business on February 28, 2019.

The Board of Directors of BPY also announced the appointment of new director Caroline Atkinson.