Brookfield Real Estate Services Inc. Declares Monthly Dividend
June 14 2013 - 4:00PM
PR Newswire (Canada)
TORONTO, June 14, 2013 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today declared a dividend of $0.092 per share for the month of June 2013, payable on July
31st, 2013 to shareholders of record on June 28th, 2013.
Brookfield Real Estate Services Inc. Profile
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, 2013, the Company
network consisted of 15,558 REALTORS®. The Company network has an
approximate 24% share of the Canadian residential resale real
estate market based on 2012 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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