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Bridgemarq Real Estate Services Inc T.BRE

Alternate Symbol(s):  BREUF

Bridgemarq Real Estate Services Inc. is a Canada-based real estate services company. The Company’s segment includes providing information and services to realtors and real estate brokerages in Canada through a portfolio of regarded real estate services brands. It is a provider of services to residential real estate brokers and a network of approximately 21,000 REALTORS. It operates under the Royal LePage brand name across Canada, under the Via Capitale Real Estate Network brand in Quebec and under the Johnston & Daniel banner in upscale neighborhoods in Ontario.


TSX:BRE - Post by User

Comment by HermannHalleron Aug 10, 2022 3:30pm
441 Views
Post# 34886057

RE:Dividend Safe?

RE:Dividend Safe?Despite Cdn home sales being down over 20% in Q2, and it being a seasonally slower period, the company generated 46c in distributable cash flow. This compares to the 34c paid in dividends in the quarter - a payout of 73%. This tells you the dividend is very safe. The fees that BRE earns are very stable, and likely to rise over time as the population of Canada grows and new home construction continues.
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