Business
Bridgemarq Real Estate Services® Reports Second Quarter Results and Declares Monthly Dividend
Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) today released its second quarter consolidated financial results and announced a monthly dividend to holders of the Company's restricted voting shares.
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"TORONTO, Aug. 14, 2025 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) today released its second quarter consolidated financial results and announced a monthly dividend to holders of the Company's restricted voting shares.","length":291,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue in the second quarter amounted to $108.0 million. Franchise fees for the second quarter and year-to-date increased due to the benefit of fee increases implemented at the start of the year and an increase in the number of REALTORS®.","length":239,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company generated Adjusted Net Earnings of $2.2 million and Free Cash Flow of $3.6 million in the second quarter of 2025.","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"The Board of Directors approved a dividend to shareholders of $0.1125 per Restricted Voting Share, payable on September 30, 2025, to shareholders of record on August 29, 2025.","length":175,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":539,"olType":false},{"type":"text","content":"SECOND QUARTER OPERATING RESULTS","length":32,"tagName":"p"},{"type":"text","content":"Revenues during the second quarter were $108.0 million, compared to the $110.5 million generated in Q2 of 2024. For the year-to-date, revenues increased from $122.4 million to $186.0 million. The increase in revenues is substantially due to the inclusion of the operating results of the acquired businesses from April 1, 2024. Franchise fees for the second quarter and year-to-date increased due to the benefit of fee increases implemented at the start of the year and an increase in the number of REALTORS®.","length":508,"tagName":"p"},{"type":"text","content":"During the quarter, the Company generated a net loss of $5.4 million or ($0.57) per fully diluted restricted voting share ("Share"), compared to net earnings of $10.5 million or $0.17 per Share in the same quarter of 2024. The lower earnings are largely driven by a loss of $4.9 million on the fair valuation of the Exchangeable Units in the second quarter of 2025, compared to a gain of $10.6 million in the same quarter of 2024.","length":440,"tagName":"p"},{"type":"te...