TORONTO, July 15, 2015 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today declared a dividend of $0.1042 per share for the month of July 2015, payable on August 31, 2015, to shareholders of record on July 31, 2015.
About Brookfield Real Estate Services Inc.
Brookfield Real Estate Services Inc. (TSX: BRE) is a leading provider of services to residential real estate brokers and a network of 16,206 REALTORS®1, as at March 31, 2015. It generates cash flow from fixed and variable fees derived from real estate brokers and agents operating in Canada under the Royal LePage, Via Capitale and Johnston & Daniel brands. Approximately 71 per cent of company revenue is based on fees that are fixed in nature, providing revenue stability and helping insulate cash flows from market fluctuations. The recurring fixed revenue structure combined with strong brands and a successful growth strategy position it to continue generating stable, long-term cash flows and paying monthly dividends to shareholders. For further information, please visit www.brookfieldresinc.com.
1 REALTORS® is a trademark identifying real estate licensees in Canada who are members of the Canadian Real Estate Association.
SOURCE Brookfield Real Estate Services Inc.
Dan Madge, Senior Director, Kaiser Lachance Communications, dan.madge@kaiserlachance.com, Tel: 647.725.2520 ext.209Copyright CNW Group 2015