Bullboard - Stock Discussion Forum Bridgemarq Real Estate Services Inc BREUF

Primary Symbol: T.BRE

Bridgemarq Real Estate Services Inc. is a Canada-based real estate services company. The Company is a provider of services to residential real estate brokers and a network of approximately 21,000 REALTORS. The Company’s segment includes brokerage operations and Franchise Operations. The brokerage operations operate full service real estate brokerage locations in British Columbia, Ontario and... see more

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Bridgemarq Real Estate Services Inc > Q2 results - strong free cash flow

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Post by HermannHaller on Aug 10, 2021 8:06am

Q2 results - strong free cash flow

BRE continues to benefit from a strong Cdn real estate market. Revenues and cash flows are up big from Q2 last year. The number of realtors is also growing, with more than 500 added YTD.

Since Q2 last year was hit by the pandemic, it makes more sense to compare the results to Q2/19. Even on that comparison, distributable cash flow was up 31%.

The payout ratio for Q2 was 68%, and the current yield on the stock is 8% (at yesterday's $16.85 close). If anyone knows of another stock with an 8% yield and a payout of under 70%, please tell me, I would really like to know.

Q2 results

498