Brookfield Real Estate Services Inc. to host conference call Monday March 12, 2012 at 10:00 a.m.
March 02 2012 - 4:00PM
PR Newswire (Canada)
Company to report fourth quarter and year-end financial results
TORONTO, March 2, 2012 /CNW/ - Brookfield Real Estate Services Inc.
today announced that it will host a conference call on Monday March
12, 2012 at 10:00 a.m. ET to discuss its fourth quarter and
year-end 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 Tuesday March 13, 2012 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 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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