Brookfield Real Estate Services Inc. Declares Monthly Dividend
February 16 2012 - 4:00PM
PR Newswire (Canada)
TORONTO, Feb. 16, 2012 /CNW/ - Brookfield Real Estate Services Inc.
today declared a dividend of $0.092 per share for the month of
February 2012, payable March 30(th), 2012 to shareholders of record
on February 29(th), 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. 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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