This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Brookfield Real Estate Services Inc. Reports Fourth Quarter And Annual 2011 Results And Monthly Dividend

TORONTO, March 12, 2012 /PRNewswire/ - Brookfield Real Estate Services Inc. (the Company) (TSX: BRE), a leading provider of services to residential real estate brokers and their REALTORS®¹, today announced that cash flow from operations ("CFFO") for the three and twelve months ended December 31, 2011 was $5.4 million and $25.3 million, respectively, as compared to $5.0 million and $25.2 million, respectively, for the same period in 2010.

CFFO per Restricted Voting Share ("Share") for the three and twelve months ended December 31, 2011 was $0.42 and $1.97 per Share, respectively, as compared to $0.39 and $1.97 per Share, respectively, in the same period of 2010.

Royalties for the three and twelve months ended December 31, 2011 were $8.4 million and $36.7 million, respectively, compared to $8.2 million and $36.6 million, respectively for the same period in 2010.

Net earnings (loss) for the three and twelve months ended December 31, 2011 was $3.2 million loss and $8.0 million income, or $0.34 loss per share and $0.85 basic earnings per Share, respectively, as compared to a net loss of $29.2 million and $50.7 million.

OVERVIEW OF FOURTH QUARTER OPERATING RESULTS During the quarter, the Company generated cash flow from operations ("CFFO") of $5.4 million as compared to $5.0 million for the same period in 2010.

To understand what has transpired in the Market for the 2011 and how it impacts our outlook for 2012, a review of year-to-date 2011 and 2010 Market activity is required.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs