Brookfield Real Estate Services Inc. Declares Monthly Dividend
July 15 2011 - 4:00PM
PR Newswire (Canada)
TORONTO, July 15, 2011 /CNW/ -- TORONTO, July 15, 2011 /CNW/ -
Brookfield Real Estate Services Inc. (TSX: BRE) today declared a
dividend of $0.092 per share for the month of July 2011, payable
August 31(st), 2011 to shareholders of record on July 29(th), 2011.
About Brookfield Real Estate Services Inc. The Company is a leading
provider of services to residential real estate brokers and their
REALTORS®(1). The Company generates cash flow from franchise
royalties and service fees derived from a national network of real
estate brokers and agents in Canada operating under the Royal
LePage, Via Capitale Real Estate Network and Johnston & Daniel
brand names. At March 31, 2011, the Company network consisted
of 15,449 REALTORS®. The Company network has an approximate 23%
share of the Canadian residential resale real estate market based
on transactional dollar volume. The Company generates both fixed
and variable fee components. Variable fees are primarily driven by
the total transactional dollar volume from the sales commissions of
REALTORS®, while fixed fees are based on the number of agents and
sales representatives in the network. Approximately 68% of the
Company's revenue is based on fees that are fixed in nature; this
provides revenue stability and helps insulate the Company's cash
flows from market fluctuations. The Company is listed on the TSX
and trades under the symbol "BRE". For further information about
the Company, please visit www.brookfieldresinc.com.
(1 )REALTOR® is a trademark identifying real estate licensees
in Canada who are members of the Canadian Real Estate
Association. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/15/c5798.html p
Tammy Gilmerbr/ Director, Public Relations & National
Communicationsbr/ Brookfield Real Estate Servicesbr/ a
href="mailto:tgilmer@brookfieldres.com"tgilmer@brookfieldres.com/abr/
Tel: 416.510.5783br/ a
href="http://www.brookfieldresinc.com"www.brookfieldresinc.com/a /p
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