TORONTO, Dec. 12, 2014 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today declared a dividend of $0.10 per share for the month of December 2014, payable on January 30, 2015,
to shareholders of record on December 31,
2014.
About Brookfield Real Estate Services Inc.
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,
2014, the Company network consisted of 15,593
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 per cent 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.
1REALTOR® is a trademark identifying
real estate licensees in Canada
who are members of the Canadian Real Estate
Association.
SOURCE Brookfield Real Estate Services Inc.