The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Brookfield Real Estate Services Inc. Declares Monthly Dividend

Friday, July 13, 2012

Brookfield Real Estate Services Inc. Declares Monthly Dividend16:00 EDT Friday, July 13, 2012TORONTO, July 13, 2012 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today declared a dividend of $0.092 per share for the month of July 2012, payable August 31st, 2012 to shareholders of record on July 31st, 2012.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 March 31, 2012, the Company network consisted of 15,250 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 visit REALTOR® is a trademark identifying real estate licensees in Canada who are members of the Canadian Real Estate Association.For further information: Tammy Gilmer Director, Public Relations & Global Communications Brookfield Real Estate Services Inc. Tel: 416.510.5783