Brookfield Real Estate Services Inc. to Host Conference Call Friday August 5, 2011 at 10:00 A.M.
July 27 2011 - 7:00AM
PR Newswire (Canada)
TORONTO, July 27, 2011 /CNW/ -- Company to report second quarter
financial results TORONTO, July 27, 2011 /CNW/ - Brookfield Real
Estate Services Inc. (TSX: BRE) today announced that it will host a
conference call on Friday August 5, 2011 at 10:00 a.m. ET to
discuss its second quarter financial results. To access the call by
telephone, please dial (888) 231-8191 or (647) 427-7450. Please
connect approximately ten minutes prior to the beginning of the
call to ensure participation. A recording of the conference call
will be available on the Company's website by Monday August 8, 2011
at
http://www.brookfieldresinc.com/content/investor_centre-25063.html.
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. ¹REALTORS®
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/July2011/27/c7685.html p
bFor further information, /bplease visit our website at a
href="http://www.brookfieldresinc.com"www.brookfieldresinc.com/a or
contact: /p p Tammy Gilmerbr/ Director, Public Relations &
National Communicationsbr/ Brookfield Real Estate Services Incbr/
416-510-5783br/ a
href="mailto:tgilmer@brookfieldres.com"tgilmer@brookfieldres.com/a
/p
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