Company to report first quarter financial
results
TORONTO, April 25, 2014 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today announced that it will host a
conference call on Tuesday May 6,
2014 at 2:00 p.m. ET to
discuss its first 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
Wednesday May 7, 2014 at
http://www.brookfieldresinc.com/content/investor_centre-25063.html.
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.