XML 74 R62.htm IDEA: XBRL DOCUMENT v3.22.4
COMMERCIAL PROPERTY REVENUE (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue [abstract]  
Disclosure of components of commercial property revenue
The components of commercial property revenue are as follows:
 
(US$ Millions) Years ended Dec. 31,202220212020
Base rent$3,153 $3,462 $3,613 
Straight-line rent25 25 133 
Lease termination27 68 27 
Other lease income(1)
662 662 627 
Other revenue from tenants(2)
982 946 997 
Total commercial property revenue$4,849 $5,163 $5,397 
(1)Other lease income includes parking revenue and recovery of property tax and insurance expense from tenants.
(2)Consists of recovery of certain operating expenses and other revenue from tenants which are accounted for in accordance with IFRS 15.
Disclosure of maturity analysis of operating lease payments Minimum rental commitments under non-cancellable tenant operating leases are as follows:
 
(US$ Millions)Dec. 31, 2022Dec. 31, 2021
Less than 1 year$2,933 $2,776 
1-5 years9,266 9,029 
More than 5 years8,559 8,522 
Total$20,758 $20,327