Brookfield Real Estate Services Inc. Declares Monthly Dividend
February 14 2014 - 4:00PM
PR Newswire (Canada)
TORONTO, Feb. 14, 2014 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today declared a dividend of $0.10 per share for the month of February 2014, payable on March 31, 2014, to shareholders of record on
February 28, 2014.
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 September 30,
2013, the Company network consisted of 15,451 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 2014 Canada NewsWire
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