|By PR Newswire||
|April 11, 2014 04:15 PM EDT||
TORONTO, April 11, 2014 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today declared a dividend of $0.10 per share for the month of April 2014, payable on May 30, 2014, to shareholders of record on April 30, 2014.
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 over 15,000 real estate brokers and agents in Canada operating under the Royal LePage, Via Capitale and Johnston & Daniel brand names. 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 71% 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.
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