Bridgemarq Real Estate Services, Inc. (TSE:BRE) has released an update.
Bridgemarq Real Estate Services Inc. has reported a slight decrease in first quarter revenues from $12.0 million in 2023 to $11.8 million in 2024, attributing the dip to a reduced average agent count, despite fee increases. The company also recorded a narrowed net loss of $2.0 million, improving from a $4.7 million loss the previous year, while announcing a dividend of $0.1125 per share for June 2024. Additionally, Bridgemarq has completed a significant $40.8 million transaction with Brookfield, acquiring brokerages and internalizing its management team.
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