v3.26.1
DIRECT COMMERCIAL PROPERTY EXPENSE (Tables)
 6 Months Ended
Jun. 30, 2026
Direct operating expense from investment property [abstract]  
Schedule of Direct Commercial Property Expense
The components of direct commercial property expense are as follows:
Three months ended Jun. 30,Six months ended Jun. 30,
(US$ Millions)2026202520262025
Property maintenance$160 $175 $349 $367 
Real estate taxes131 148 272 284 
Employee compensation and benefits31 36 62 76 
Depreciation and amortization11 6 19 12 
Lease expense(1)
3 4 7 8 
Other94 105 201 215 
Total direct commercial property expense$430 $474 $910 $962 
(1)Represents operating expenses relating to variable lease payments not included in the measurement of the lease liability.