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Side-by-side financial comparison of Brookfield Property Partners L.P. (BPYPP) and Host Hotels & Resorts (HST). 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 $1.6B, roughly 1.1× Host Hotels & Resorts). Host Hotels & Resorts runs the higher net margin — 8.4% vs -2.6%, a 11.0% gap on every dollar of revenue. On growth, Host Hotels & Resorts posted the faster year-over-year revenue change (12.3% 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.

Host Hotels & Resorts, Inc., based in Bethesda, Maryland, is an American real estate investment trust that invests in hotels. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.

BPYPP vs HST — Head-to-Head

Bigger by revenue
BPYPP
BPYPP
1.1× larger
BPYPP
$1.8B
$1.6B
HST
Growing faster (revenue YoY)
HST
HST
+37.9% gap
HST
12.3%
-25.6%
BPYPP
Higher net margin
HST
HST
11.0% more per $
HST
8.4%
-2.6%
BPYPP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BPYPP
BPYPP
HST
HST
Revenue
$1.8B
$1.6B
Net Profit
$-46.0M
$135.0M
Gross Margin
Operating Margin
12.0%
Net Margin
-2.6%
8.4%
Revenue YoY
-25.6%
12.3%
Net Profit YoY
94.2%
25.0%
EPS (diluted)
$0.20

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.

Revenue
BPYPP
BPYPP
HST
HST
Q4 25
$1.6B
Q3 25
$1.3B
Q2 25
$1.8B
$1.6B
Q1 25
$1.6B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$2.4B
$1.5B
Q1 24
$1.5B
Net Profit
BPYPP
BPYPP
HST
HST
Q4 25
$135.0M
Q3 25
$161.0M
Q2 25
$-46.0M
$221.0M
Q1 25
$248.0M
Q4 24
$108.0M
Q3 24
$82.0M
Q2 24
$-789.0M
$239.0M
Q1 24
$268.0M
Operating Margin
BPYPP
BPYPP
HST
HST
Q4 25
12.0%
Q3 25
7.6%
Q2 25
17.5%
Q1 25
17.9%
Q4 24
11.0%
Q3 24
10.2%
Q2 24
19.9%
Q1 24
19.8%
Net Margin
BPYPP
BPYPP
HST
HST
Q4 25
8.4%
Q3 25
12.1%
Q2 25
-2.6%
13.9%
Q1 25
15.6%
Q4 24
7.6%
Q3 24
6.2%
Q2 24
-32.6%
16.3%
Q1 24
18.2%
EPS (diluted)
BPYPP
BPYPP
HST
HST
Q4 25
$0.20
Q3 25
$0.23
Q2 25
$0.32
Q1 25
$0.35
Q4 24
$0.15
Q3 24
$0.12
Q2 24
$0.34
Q1 24
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BPYPP
BPYPP
HST
HST
Cash + ST InvestmentsLiquidity on hand
$1.7B
$768.0M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$40.2B
$6.6B
Total Assets
$98.9B
$13.0B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BPYPP
BPYPP
HST
HST
Q4 25
$768.0M
Q3 25
$539.0M
Q2 25
$1.7B
$490.0M
Q1 25
$428.0M
Q4 24
$554.0M
Q3 24
$564.0M
Q2 24
$2.4B
$805.0M
Q1 24
$1.3B
Total Debt
BPYPP
BPYPP
HST
HST
Q4 25
$1.3B
Q3 25
Q2 25
Q1 25
Q4 24
$896.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BPYPP
BPYPP
HST
HST
Q4 25
$6.6B
Q3 25
$6.7B
Q2 25
$40.2B
$6.6B
Q1 25
$6.7B
Q4 24
$6.6B
Q3 24
$6.7B
Q2 24
$48.5B
$6.8B
Q1 24
$6.7B
Total Assets
BPYPP
BPYPP
HST
HST
Q4 25
$13.0B
Q3 25
$13.0B
Q2 25
$98.9B
$13.0B
Q1 25
$12.9B
Q4 24
$13.0B
Q3 24
$13.1B
Q2 24
$132.6B
$12.4B
Q1 24
$12.5B
Debt / Equity
BPYPP
BPYPP
HST
HST
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
0.14×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BPYPP
BPYPP
HST
HST
Operating Cash FlowLast quarter
$543.0M
Free Cash FlowOCF − Capex
$445.0M
FCF MarginFCF / Revenue
27.8%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
4.02×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BPYPP
BPYPP
HST
HST
Q4 25
$543.0M
Q3 25
$218.0M
Q2 25
$444.0M
Q1 25
$305.0M
Q4 24
$331.0M
Q3 24
$349.0M
Q2 24
$453.0M
Q1 24
$365.0M
Free Cash Flow
BPYPP
BPYPP
HST
HST
Q4 25
$445.0M
Q3 25
$143.0M
Q2 25
$381.0M
Q1 25
$259.0M
Q4 24
$235.0M
Q3 24
$262.0M
Q2 24
$409.0M
Q1 24
$332.0M
FCF Margin
BPYPP
BPYPP
HST
HST
Q4 25
27.8%
Q3 25
10.7%
Q2 25
24.0%
Q1 25
16.2%
Q4 24
16.5%
Q3 24
19.9%
Q2 24
27.9%
Q1 24
22.6%
Capex Intensity
BPYPP
BPYPP
HST
HST
Q4 25
6.1%
Q3 25
5.6%
Q2 25
4.0%
Q1 25
2.9%
Q4 24
6.7%
Q3 24
6.6%
Q2 24
3.0%
Q1 24
2.2%
Cash Conversion
BPYPP
BPYPP
HST
HST
Q4 25
4.02×
Q3 25
1.35×
Q2 25
2.01×
Q1 25
1.23×
Q4 24
3.06×
Q3 24
4.26×
Q2 24
1.90×
Q1 24
1.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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