Brookfield Real Estate Services Inc. Declares Monthly Dividend
April 11 2014 - 4:15PM
PR Newswire (Canada)
TORONTO, April 11, 2014 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today declared a dividend of $0.10 per share for the month of April 2014, payable on May
30, 2014, to shareholders of record on April 30, 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 over 15,000 real estate brokers and agents in
Canada operating under the Royal
LePage, Via Capitale and Johnston & Daniel brand names. 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 71% 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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