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Side-by-side financial comparison of Brookfield Property Partners L.P. (BPYPP) and Claros Mortgage Trust, Inc. (CMTG). Click either name above to swap in a different company.
Brookfield Property Partners L.P. is the larger business by last-quarter revenue ($1.8B vs $46.7M, roughly 38.5× Claros Mortgage Trust, Inc.). Brookfield Property Partners L.P. runs the higher net margin — -2.6% vs -468.9%, a 466.4% gap on every dollar of revenue. On growth, Claros Mortgage Trust, Inc. posted the faster year-over-year revenue change (-22.4% vs -25.6%).
Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
BPYPP vs CMTG — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $46.7M |
| Net Profit | $-46.0M | $-219.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -2.6% | -468.9% |
| Revenue YoY | -25.6% | -22.4% |
| Net Profit YoY | 94.2% | -117.7% |
| EPS (diluted) | — | $-1.56 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $46.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | $1.8B | $51.6M | ||
| Q1 25 | — | $43.4M | ||
| Q4 24 | — | $60.2M | ||
| Q3 24 | — | $64.9M | ||
| Q2 24 | $2.4B | $64.5M | ||
| Q1 24 | — | $58.8M |
| Q4 25 | — | $-219.2M | ||
| Q3 25 | — | $-9.5M | ||
| Q2 25 | $-46.0M | $-181.7M | ||
| Q1 25 | — | $-78.6M | ||
| Q4 24 | — | $-100.7M | ||
| Q3 24 | — | $-56.2M | ||
| Q2 24 | $-789.0M | $-11.6M | ||
| Q1 24 | — | $-52.8M |
| Q4 25 | — | -468.9% | ||
| Q3 25 | — | -20.7% | ||
| Q2 25 | -2.6% | -351.9% | ||
| Q1 25 | — | -181.3% | ||
| Q4 24 | — | -167.2% | ||
| Q3 24 | — | -86.7% | ||
| Q2 24 | -32.6% | -17.9% | ||
| Q1 24 | — | -89.7% |
| Q4 25 | — | $-1.56 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-1.30 | ||
| Q1 25 | — | $-0.56 | ||
| Q4 24 | — | $-0.72 | ||
| Q3 24 | — | $-0.40 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $-0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $173.2M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $40.2B | $1.5B |
| Total Assets | $98.9B | $4.7B |
| Debt / EquityLower = less leverage | — | 2.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $173.2M | ||
| Q3 25 | — | $339.5M | ||
| Q2 25 | $1.7B | $209.2M | ||
| Q1 25 | — | $127.8M | ||
| Q4 24 | — | $99.1M | ||
| Q3 24 | — | $113.9M | ||
| Q2 24 | $2.4B | $148.2M | ||
| Q1 24 | — | $232.5M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.5B |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $40.2B | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $48.5B | $2.2B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $5.4B | ||
| Q2 25 | $98.9B | $5.8B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $7.0B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | $132.6B | $7.6B | ||
| Q1 24 | — | $7.8B |
| Q4 25 | — | 2.06× | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | 2.29× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.44× | ||
| Q2 24 | — | 2.46× | ||
| Q1 24 | — | 2.47× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $2.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $-5.8M | ||
| Q1 25 | — | $-35.8M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | — | $39.2M | ||
| Q2 24 | — | $5.5M | ||
| Q1 24 | — | $21.5M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BPYPP
Segment breakdown not available.
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
