Company to report second quarter financial results
TORONTO, July 25, 2012 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today announced that it will host a
conference call on Friday August 3,
2012 at 10:00 a.m. ET to
discuss its second quarter financial results.
To access the call by telephone, please dial (888) 231-8191 or
(647) 427-7450. Please connect approximately ten minutes prior to
the beginning of the call to ensure participation. A recording of
the conference call will be available on the Company's website by
August 7, 2012 at
http://www.brookfieldresinc.com/content/investor_centre-25063.html.
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 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.
