Brookfield Real Estate Services Inc. Declares Monthly Dividend
June 15 2012 - 4:00PM
PR Newswire (Canada)
TORONTO, June 15, 2012 /CNW/ - Brookfield Real Estate Services Inc.
today declared a dividend of $0.092 per share for the month of June
2012, payable July 31, 2012 to shareholders of record on June 29,
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 March 31, 2012, the Company network
consisted of 15,250 REALTORS®. The Company network has an
approximate 22% 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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