Stock Name: BRE
Amount: CAD 0.092
Announcement Date: 19/12/2011
Record Date: 28/12/2011
Dividend Detail:
TORONTO, Dec. 19, 2011 /CNW/ - Brookfield Real Estate Services Inc.
(TSX: BRE) today declared a dividend of $0.092 per share for the month
of December 2011, payable January 31st, 2012 to shareholders of record on December 30, 2011.
About Brookfield Real Estate Services Inc.
The Company is a leading provider of services to residential real estate
brokers and their REALTORS1. 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, 2011, the
Company network consisted of 15,295 REALTORS. The Company network has
an approximate 23% 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.
For further information:
Tammy Gilmer
Director, Public Relations & National Communications
Brookfield Real Estate Services Inc.
tgilmer@brookfieldres.com
Tel: 416.510.5783
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