The division of Brookfield that owns a huge portfolio of offices, malls and stakes in funds made a loss in the second quarter of the year — albeit a loss much smaller than the same time last year. 
Brookfield Property Partners comprises $98B of assets directly owned by Brookfield, including stakes in funds managed by Brookfield Asset Management. 
The division reported a $46M loss for Q2 compared with a $789M loss the previous year. Those figures include revenue from the property it owns and movements in the value of its portfolio, as well as costs of running the assets. 
The narrower loss was mainly attributed to stakes in funds…