Brookfield Real Estate Services Inc. Declares Monthly Dividend
January 16 2012 - 4:00PM
PR Newswire (Canada)
TORONTO, Jan. 16, 2012 /CNW/ - Brookfield Real Estate Services Inc.
today declared a dividend of $0.092 per share for the month of
January 2012, payable February 29(th), 2012 to shareholders of
record on January 31(st), 2012. 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 September 30, 2011, the Company network consisted of 15,295
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. 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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