TORONTO, July 23, 2014 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today announced that it will host a
conference call on Wednesday August 6,
2014 at 10:00 a.m. ET to
discuss its second 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
Thursday August 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 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,
2014, the Company network consisted of 15,685 REALTORS®. The
Company network has approximately one fifth share of the Canadian
residential resale real estate market based on 2013 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 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.