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Bullboard - Stock Discussion Forum 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... see more

TSX:BRE - Post Discussion

Bridgemarq Real Estate Services Inc > Bullish market and comments vs. results
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Post by hipfner on Jan 15, 2021 11:23am

Bullish market and comments vs. results

Yes, results are backward looking. Regardless, you should read the financial statements on Sedar.com

Big loss last quarter, wiping out the same Q results a year ago. Credit facility is 2/3 drawn. Number of realtors down. Some of their fees deferred with no interest accruing.

There is no div. increase in the near future!
The current div. of approx. 9% should be ok since the real estate market is booming again. Spring is around the corner and that's always good for the industry.
Comment by HermannHaller on Jan 18, 2021 12:19pm
Thanks, I always read financial statements. As you suggest, it's important also to look at the future. In 2020, the fees were depressed due to emergency measures put in place for the pandemic. Fixed franchise fees were completely suspended, other fees were capped. Have a look at the March 27 press release for a reminder. These measures were temporary, only until the end of 2020. Therefore ...more  
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