Company to report second quarter financial results
TORONTO, Aug. 2, 2013 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today announced that it will host a conference call on Wednesday August
7, 2013 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 Thursday
August 8, 2013 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, 2013, the Company network consisted of 15,558
REALTORS®. The Company network has an approximate 24% share of the
Canadian residential resale real estate market based on 2012
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 73% 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.
* 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.
Tammy Gilmer
Director, Public Relations & Global Communications
Brookfield Real Estate Services
tgilmer@brookfieldres.com
Tel: 416.510.5783
www.brookfieldresinc.com
Copyright CNW Group 2013