GlobeNewswire Inc | Jan 19, 2021 10:26AM EST

January 19, 2021

BROOKFIELD NEWS, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today the tax reporting information for 2020 distributions on its Class A Stock and 6.375% Series A Cumulative Redeemable Preferred stock (NASDAQ: BPYUP) as shown below.

2020 TAX INFORMATION - BPYU Class A Stock Total Box 1a Box 2a Box 3 Record Payable Type of 2020 Total Ordinary Capital Gain Nondividend Distribution TaxableDate Date Distribution Per Share Distribution Dividends Distribution Distribution 2/28/ 3/31/ Cash $0.332500 $0.000000 $0.000000 $0.000000 $0.332500 2020 20205/29/ 6/30/ Cash $0.332500 $0.000000 $0.000000 $0.000000 $0.332500 2020 20208/31/ 9/30/ Cash $0.332500 $0.000000 $0.000000 $0.000000 $0.332500 2020 202011/30/ 12/31/ Cash $0.332500 $0.000000 $0.000000 $0.000000 $0.332500 2020 2020 TOTAL $1.330000 $0.000000 $0.000000 $0.000000 $1.330000 PERCENT OF ANNUAL TOTAL 0.00% 0.00% 0.00% 100.00% 2020 TAX INFORMATION - BPYUP 6.375% Series A Cumulative Redeemable Preferred Stock Total Box 1a Box 2a Box 3 Record Payable Type of 2020 Total Ordinary Capital Gain Nondividend 2021 Taxable Distribution TaxableDate Date Distribution Per Share Distribution Dividends Distribution Distribution Distribution12/13/ 1/1/ Cash $0.3984375 $0.000000 $0.000000 $0.000000 $0.3984375 N/A2019 20203/15/ 4/1/ Cash $0.3984375 $0.000000 $0.000000 $0.000000 $0.3984375 N/A2020 20206/15/ 7/1/ Cash $0.3984375 $0.000000 $0.000000 $0.000000 $0.3984375 N/A2020 20209/15/ 10/1/ Cash $0.3984375 $0.000000 $0.000000 $0.000000 $0.3984375 N/A2020 202012/15/ 1/1/ Cash $0.3984375 $0.000000 $0.000000 $0.000000 $0.000000 $0.39843752020 2021 TOTAL $1.9921875 $0.000000 $0.000000 $0.000000 $1.593750 $0.3984375PERCENT OF ANNUAL TOTAL 0.00% 0.00% 0.00% 100.00%

Participants should refer to their Federal Form 1099 which will be mailed no later than January 31, 2021. Registered holders of Brookfield Property REIT Inc. should contact American Stock Transfer & Trust Company, LLC at (800) 937-5449 for further information while beneficial owners should contact their broker with any questions pertaining to their tax forms.

Pertinent forms 8937 were published on the company website: bpy.brookfield.com/bpyu.

Taxability of the 2020 distributions is not necessarily indicative of future distributions.

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 worlds premier real estate companies, with approximately $88 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 owns and operatesiconic properties in the worlds major markets, and our global portfolio includes office, retail, multifamily, logistics,hospitality, self-storage, triple net lease, manufactured housing and student housing.

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

Brookfield Contact:

Matthew CherrySenior Vice President, Investor RelationsTel: (212) 417-7488 / Email: matthew.cherry@brookfield.com