TORONTO, Oct. 11, 2013 /CNW/ - Brookfield Real Estate Services Inc.
(TSX: BRE) today declared a dividend of $0.092 per share for the month
of October 2013, payable on November 29th, 2013, to shareholders of record on October 31st, 2013.
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 June 30, 2013, the
Company network consisted of 15,499 REALTORS®. 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 REALTORS®, 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 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 & National Communications
Brookfield Real Estate Services Inc.