Brookfield Real Estate Services Inc. to host conference call Friday November 4, 2011 at 10:00 a.m.
October 27 2011 - 4:00PM
PR Newswire (Canada)
Company to report third quarter financial results TORONTO, Oct. 27,
2011 /CNW/ - Brookfield Real Estate Services Inc. today announced
that it will host a conference call on Friday November 4, 2011 at
10:00 a.m. ET to discuss its third 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 November 7, 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 June 30, 2011, the Company network consisted of
15,361 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. Brookfield Real
Estate Services Inc. CONTACT: Tammy GilmerDirector, Public
Relations & Global CommunicationsBrookfield Real Estate
Services Inc.tgilmer@brookfieldres.comTel: 416.510.5783
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