TORONTO, Sept. 12, 2014 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today declared a dividend of $0.10 per share for the month of September 2014, payable on October 31, 2014, to shareholders of record on
September 30, 2014.
Brookfield Real Estate Services Inc. Profile
The Company is a leading provider of services to residential
real estate brokers and their REALTORS®. 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 June 30, 2014, the Company network
consisted of 15,697 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.