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
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.
For further information:
Director, Public Relations and National Communications
Brookfield Real Estate Services Inc.