v3.26.1
COMMERCIAL PROPERTY REVENUE (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue [abstract]  
Schedule of Components of Commercial Property Revenue
The components of commercial property revenue are as follows:
Three months ended Jun. 30,Six months ended Jun. 30,
(US$ Millions)2026202520262025
Base rent$702 $776 $1,451 $1,620 
Straight-line rent9 (10)10 (16)
Lease termination(18)4 2 38 
Other lease income(1)
126 138 256 281 
Other revenue from tenants(2)
219 235 440 484 
Total commercial property revenue$1,038 $1,143 $2,159 $2,407 
(1)Other lease income includes parking revenue and recovery of property tax and insurance expense from tenants.
(2)Consists of the recovery of certain operating expenses and other revenue from tenants which are accounted for in accordance with IFRS 15, Revenue from Contracts with Customers.