TORONTO, Sept. 14, 2012 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today declared a dividend of $0.092 per share for the month of September 2012, payable October 31st, 2012 to shareholders of
record on September 28th,
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 June 30, 2012, the
Company network consisted of 15,249 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
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.