Earnings
June 26, 2019 - CRR.UN
New! Crombie REIT - Q1-2019, Price Target Update .....
June 23, 2019 - PEGI
Pattern Energy Group - Q1-2019 Earnings & Price Target Update .....
June 21, 2019 - PL
Pinnacle Renewable Energy Inc. Q1-2019 Earnings, Price Target Forecast .....
June 20, 2019 - DIR.UN
Dream Industrial REIT - Q1-2019 Earnings, Price Target Update .....
June 19, 2019 - BTB.UN
BTB REIT - Q1-2019 Earnings, Price Target Update .....
June 18, 2019 - PPL
Pembina Pipeline Corp. Q1-2019 Earnings & Price Target Update .....
June 15, 2019 - NVU.UN
Northview Apartment REIT - Q1-2019 Earnings, Price Target Update .....
June 14, 2019 - APR.UN
Automotive Properties REIT - Q1-2019 Earnings, Price Target Update .....
Recommendation Changes
MFC, EIF, DR, FTS, CPX, more...

Bridgemarq Real Estate Services Inc. Q1-2019 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Bridgemarq Real Estate Services Inc.(BRE), (formerly Brookfield Real Estate Services In. is a leading Canadian provider of services to residential real estate brokers and their realtors. Cash flow is generated 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. Effective May-1-2019 the name was changed to Bridgemarq to differentiate them from the Brookfield owned group of companies and the terms of the management agreement were changed. The ticker symbol remains the same at BRE. Bridgemarq continues to own 75% of the operating company. BRE's board is comprised of five persons. Brookfield Business Partners designate two of the five directors,

At Mar-31-2018, their network consisted of about 18,800 realtors operating under 297 franchise agreements and from 677 locations, with an approximate 20% share of the Canadian real estate market. Revenue from royalties is comprised of both fixed and variable components. Approximately 90% of royalties are comprised of fixed franchise fee per realtor, the 1% variable franchise fee and premium franchise fees. The remaining royalty stream is made up of franchise fees generated from warranty fees, technology fees and other fees. Approximately 72% of annual royalties were partly insulated from the fluctuations in the Canadian Market as they were not directly driven by transaction volumes.

BRE's revenues are earnings from a network of franchisees operating under the Royal LePage and Johnston and Daniel brands and 5% from the Via Capitale brand.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
June 14, 2019
Coverage Universe - Weekly Price June 7-14, 2019
June 8, 2019
Coverage Universe - Weekly Price Change May 31 - June 7, 2019
June 4, 2019
Mullen Group Ltd, 5.75% Convertible Debenture New Issue
May 31, 2019
Coverage Universe - Weekly Price Change May 24-31, 2019
May 25, 2019
Coverage Universe - Weekly Price Change May 17-24, 2019
May 24, 2019
TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price June 7-14, 2019