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SOURCE Brookfield Real Estate Services Inc.
TORONTO, April 12, 2013 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today declared a dividend of $0.092 per share for the month of April 2013, payable on May 31st, 2013 to shareholders of record on April 30th, 2013.
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. As at January 1, 2013, the Company network consisted of 15,602 REALTORS®. The Company network has an approximate 24% 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 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.
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