Brookfield Real Estate Services Inc. to Host Conference Call Friday
November 9, 2012 at 10:00A.M.
Company to report third quarter financial results
TORONTO, Oct. 31, 2012 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today announced that it will host a
conference call on Friday November 9,
2012 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 November 12, 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 June 30, 2012, the
Company network consisted of 15,249 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.
SOURCE Brookfield Real Estate Services Inc.