Brookfield Real Estate Services Inc. Declares Monthly Dividend
April 12 2013 - 4:00PM
PR Newswire (Canada)
TORONTO, April 12, 2013 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today declared a dividend of $0.092 per share for the month of April 2013, payable on May
31st, 2013 to shareholders of record on
April 30th, 2013.
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.
As at January 1, 2013, the Company
network consisted of 15,602 REALTORS®. The Company network has an
approximate 24% 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 73% 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.
Copyright 2013 Canada NewsWire
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