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Brookfield Property Partners L.P.

11:55 AM EST - Brookfield Property Partners L.P. : Announced financial results for the year ended December 31, 2016. Net income for the year was $2,717 million ($2.30 per LP unit) compared with $3,766 million ($3.72 per LP unit) in 2015. The decrease in net income for the quarter and year is primarily attributable to higher fair value gains in the prior year comparative periods. Brookfield Property Partners L.P. units T.BPY.UN are trading up $0.52 at $29.83.