Company to report fourth quarter and year-end financial results
TORONTO, March 1, 2013 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today announced that it will host a conference call on Wednesday March
6, 2013 at 10:00 a.m. ET to discuss its fourth quarter and year-end
To access the call by telephone, please dial (888) 231-8191 or (647)
427-7450. Please connect approximately ten minutes prior to the
beginning of the call to ensure participation. A recording of the
conference call will be available on the Company's website by March 7,
2013 at http://www.brookfieldresinc.com/content/investor_centre-25063.html.
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, 2012, the Company network consisted of 15,238
REALTORS®. The Company network has an approximate 22% share of the
Canadian residential resale real estate market based on 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 68% 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 & Global Communications
Brookfield Real Estate Services Inc.