Exhibit 12.2

Brookfield Property Partners L.P.

Consolidated Earnings to Fixed Charges

	Three months ended Mar. 31,			Years ended Dec. 31,
(US$ Millions)	2018			2017			2016
Net income	$	1,023		$	2,468		$	2,717
Less:
Fair value gains, net		(617	)		(1,254	)		(692	)
Share of net earnings from equity accounted investments		(228	)		(961	)		(1,019	)
Income taxes		(60	)		192			(575	)
Capitalized interest		(13	)		(86	)		(117	)
Plus:
Distributions from equity accounted investments		114			369			524
Combined total fixed charges and preferred share dividends		606			2,335			2,089
Earnings		825			3,063			2,927
Interest expense		520			1,967			1,681
Capitalized interest		13			86			117
Total fixed charges		533			2,053			1,798
Preferred share dividends		73			282			291
Combined total fixed charges and preferred share dividends		606			2,335			2,089
Excess of earnings over combined total fixed charges and preferred share dividends		219			728			838
Ratio of consolidated earnings to total fixed charges		1.55			1.49			1.63
Ratio of consolidated earnings to combined total fixed charges and preferred share dividends		1.36			1.31			1.40