News Column

Brookfield Real Estate Services Inc. Declares Monthly Dividend

February 14, 2014



TORONTO, Feb. 14, 2014 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today declared a dividend of $0.10 per share for the month of February 2014, payable on March 31, 2014, to shareholders of record on February 28, 2014.

Brookfield Real Estate Services Inc. Profile

The Company is a leading provider of services to residential real estate brokers and their REALTORSŪ1. 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, 2013, the Company network consisted of 15,451 REALTORSŪ. The Company network has an approximate 24% share of the Canadian residential resale real estate market based on 2012 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 REALTORSŪ, while fixed fees are based on the number of agents and sales representatives in the network. Approximately 73% 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 REALTORŪ is a trademark identifying real estate licensees in Canada who are members of the Canadian Real Estate Association.


SOURCE Brookfield Real Estate Services Inc.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Canada Newswire


Story Tools