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Bridgemarq Real Estate Services Inc. (T:BRE)

Business Focus: Real Estate Services (NEC)

Sector:  Real Estate Industry:  Real Estate Services
 
Company Contact
Address: 39 Wynford Drive
NORTH YORK ON M3C 3K5
Tel: 1-416-5105783
Website: https://www.bridgemarq.com
IR: See website
Key People
Spencer Todd Enright
Chairman of the Board
Philip Soper
President, Chief Executive Officer
Glen McMillan
Chief Financial Officer
Business Overview
Bridgemarq Real Estate Services Inc. is a Canada-based real estate services company. The Company's segment includes providing information and services to realtors and real estate brokerages in Canada through a portfolio of regarded real estate services brands. It is a provider of services to residential real estate brokers and a network of approximately 21,000 REALTORS. It operates under the Royal LePage brand name across Canada, under the Via Capitale Real Estate Network brand in Quebec and under the Johnston & Daniel banner in upscale neighborhoods in Ontario.
Financial Overview
For the fiscal year ended 31 December 2023, Bridgemarq Real Estate Services Inc revenues decreased 3% to C$48.5M. Net income decreased 81% to C$4M. Revenues reflect Variable Franchise Fees decrease of 10% to C$11.2M, Other revenue decrease of 15% to C$3.6M. Net income also reflects Gain (loss) on fair value of Exchangeabl decrease from C$11.5M (income) to C$1.1M (expense), Gain on interest rate swap decrease from C$2.2M (income) to C$1.4M
Reporting Currency: Canadian Dollars
Enterprise value: $189.27M as of Dec 31, 2023
Annual revenue (TTM): $48.45M as of Dec 31, 2023
EBITDA (TTM): $25.91M as of Dec 31, 2023
Net annual income (TTM): $4.00M as of Dec 31, 2023
Free cash flow (TTM): $0.86M as of Dec 31, 2023
Net Debt Last Fiscal Year: $61.28M as of Dec 31, 2023
Shares outstanding: 9,483,851 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization