Bridgemarq Real Estate Services (BRE) AI Stock Analysis

• Market Cap: $141.50M
• Dividend Yield: 9.16%
• Average Volume (3M): 8.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: 763.30%
• EPS Growth: -156.55%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 62
• Industry: Real Estate - Services
• EPS (TTM): 0.20
• Shares Outstanding: 9,483,850
• 10 Day Avg. Volume: 10,057
• 30 Day Avg. Volume: 8,389
• PEG Ratio: -0.64
• Price to Book (P/B): -1.67
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $11.82
• Price Target Upside: -20.78% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: C$15.50 ▲(3.89%Upside)

Bridgemarq Real Estate Services is facing financial challenges with a negative net income and high leverage, impacting its overall score. Technical indicators show bullish momentum, but valuation concerns due to a negative P/E ratio and overbought signals limit optimism. Earnings call insights were positive but overshadowed by major market challenges and a high payout ratio.

Bridgemarq Real Estate Services Business Overview & Revenue Model

Company Description

Bridgemarq Real Estate Services Inc. provides various services to residential real estate brokers and REALTORS in Canada. It offers information, tools, and services that assist its customers in the delivery of real estate sales services. The company provides its services under the Royal LePage, Via Capitale, and Johnston & Daniel brand names. As of December 31, 2021, its franchise network consisted of 20,159 REALTORS operating under 281 franchise agreements in 723 locations. The company was formerly known as Brookfield Real Estate Services Inc. and changed its name to Bridgemarq Real Estate Services Inc. in May 2019. Bridgemarq Real Estate Services Inc. was incorporated in 2010 and is headquartered in Toronto, Canada.

How the Company Makes Money

Bridgemarq Real Estate Services generates revenue primarily through franchise fees and royalties from its network of real estate brokerages. These fees are typically based on a percentage of the gross revenue generated by the agents within its franchise networks. The company also earns income from providing ancillary services such as training programs, technology solutions, and marketing support to its franchisees. Strategic partnerships and collaborations with other real estate service providers and technology companies further contribute to its revenue streams, enhancing the value proposition offered to its franchisees and helping to drive overall business growth.

Bridgemarq Real Estate Services Financial Statement Overview

Summary

Bridgemarq Real Estate Services faces significant financial challenges. The income statement shows a negative net income despite revenue growth, leading to a low score. The balance sheet indicates instability with a negative equity position, further lowering the score. Cash flow remains a relative strength, providing some buffer against operational losses.

Income Statement

The company's income statement reveals significant challenges, as evidenced by a negative net income in 2024. The gross profit margin in 2024 was approximately 18.8%, while the EBIT and EBITDA margins were around 2.4% and 5.3%, respectively. There was a substantial revenue increase from the previous year, but the net profit margin turned negative due to rising costs. The historical revenue growth has been inconsistent, with a notable spike in 2024, yet profitability metrics are weakening.

Balance Sheet

The balance sheet indicates financial instability, with negative stockholders' equity growing worse, reaching -$80.2 million in 2024. The debt-to-equity ratio is not meaningful due to negative equity, highlighting significant leverage issues. Total assets increased, but liabilities grew faster, exacerbating the equity deficit. This poses a risk to financial stability and long-term viability.

Cash Flow

Cash flow statements show some positive aspects, such as consistent positive operating cash flow, which grew to $17.1 million in 2024. Free cash flow remained healthy at $15.6 million, indicating efficient cash management. However, the free cash flow growth rate has slowed, and reliance on cash flow to offset negative net income may not be sustainable long-term.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
350.67M	48.45M	49.87M	50.20M	40.34M
	Gross Profit
65.87M	47.42M	48.66M	49.17M	39.62M
	EBIT
8.47M	15.32M	17.38M	17.72M	14.83M
	EBITDA
18.52M	23.11M	27.67M	28.36M	23.33M
	Net Income Common Stockholders
-10.32M	4.00M	20.97M	4.76M	767.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.09M	5.74M	6.42M	6.22M	9.16M
	Total Assets
157.44M	64.89M	72.63M	78.60M	88.96M
	Total Debt
87.16M	67.02M	66.96M	68.42M	73.38M
	Net Debt
78.07M	61.28M	60.54M	62.20M	64.22M
	Total Liabilities
237.69M	122.01M	120.94M	135.08M	137.40M
	Stockholders Equity
-80.25M	-57.12M	-48.31M	-56.48M	-48.44M
Cash Flow		Free Cash Flow
15.57M	12.79M	15.08M	15.14M	18.68M
	Operating Cash Flow
17.10M	13.67M	15.10M	15.14M	19.87M
	Investing Cash Flow
2.48M	-1.48M	-598.00K	-275.00K	-3.11M
	Financing Cash Flow
-16.24M	-12.87M	-14.30M	-17.80M	-12.80M

Bridgemarq Real Estate Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRE, the sentiment is Positive. The current price of 14.92 is above the 20-day moving average (MA) of 14.50, above the 50-day MA of 13.98, and above the 200-day MA of 13.76, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 66.58 is Neutral, neither overbought nor oversold. The STOCH value of 86.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BRE.

Bridgemarq Real Estate Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$2.83B	10.91	0.42%	8438.90%	5.74%	-20.95%
BRE	58 Neutral	$141.50M	―	4.67%	9.16%	763.30%	-156.55%
FSV		$7.99B	61.11	11.61%	0.58%	―	―
CIGI		$6.39B	44.28	11.57%	0.24%	―	―
MEQ	77 Outperform	C$1.78B	7.26	15.90%	0.07%	16.22%	39.56%
AIF	66 Neutral	C$2.32B	178.14	2.13%	1.15%	-23.26%	-644.01%
SVI	63 Neutral	C$1.54B	―	-23.06%	0.28%	5.77%	-388.17%

Bridgemarq Real Estate Services Corporate Events

Bridgemarq Real Estate Services Appoints New CFO

Bridgemarq Real Estate Services Inc. has announced the appointment of Wallace Wang as the new Chief Financial Officer, effective July 1, 2025. Wang, who brings experience from Brookfield Asset Management, will succeed Glen McMillan, who is assisting with the transition. CEO Spencer Enright expressed confidence in Wang’s ability to continue the company’s strong financial operations and support its long-term growth initiatives.

The most recent analyst rating on (TSE:BRE) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Bridgemarq Real Estate Services stock, see the TSE:BRE Stock Forecast page.

Bridgemarq Real Estate Services Announces Board Elections and Strategic Approvals at Annual Meeting

Bridgemarq Real Estate Services announced the results of its annual meeting of shareholders, where several directors were elected to the board, and the appointment of Ernst & Young LLP as external auditors was approved. Additionally, a new stock option plan was approved to align the interests of officers and employees with those of shareholders, reflecting a strategic move to enhance stakeholder engagement and long-term company interests.

The most recent analyst rating on (TSE:BRE) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Bridgemarq Real Estate Services stock, see the TSE:BRE Stock Forecast page.

Bridgemarq Real Estate Services Reports Strong Q1 2025 Results and Declares Dividend

Bridgemarq Real Estate Services reported a significant increase in revenue for the first quarter of 2025, amounting to $78.0 million, largely due to the acquisition of brokerage businesses in 2024. The company also announced a monthly dividend, reflecting its improved financial performance and strategic positioning in the Canadian real estate market. Despite a national decline in real estate transactions, Bridgemarq’s expansion and ability to attract high-performing professionals position it well for continued growth.

The most recent analyst rating on (TSE:BRE) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Bridgemarq Real Estate Services stock, see the TSE:BRE Stock Forecast page.

Bridgemarq to Host Q1 Financial Results Call and Annual Shareholders’ Meeting

Bridgemarq Real Estate Services has announced it will host a conference call on May 13, 2025, to discuss its first quarter financial results. The company will also hold its annual shareholders’ meeting on the same day, conducted as a virtual live audio webcast. These events are significant for stakeholders as they provide insights into the company’s financial performance and strategic direction.

Bridgemarq Real Estate Services Declares Dividend for Shareholders

Bridgemarq Real Estate Services has declared a cash dividend of $0.1125 per restricted voting share, payable on May 30, 2025, to shareholders of record as of April 30, 2025. This announcement reflects the company’s ongoing commitment to providing value to its shareholders and may enhance its attractiveness to investors within the real estate services sector.

Bridgemarq CFO Glen McMillan to Retire in Q3 2025

Bridgemarq Real Estate Services Inc. announced the upcoming retirement of its Chief Financial Officer, Mr. Glen McMillan, set for the third quarter of 2025. The company has begun searching for a successor to ensure a smooth transition. Mr. McMillan, who joined Bridgemarq in 2015, has played a crucial role in shaping the company’s financial strategy and supporting its growth. The Board of Directors aims to appoint a new CFO before Mr. McMillan’s retirement to maintain continuity in leadership.

Bridgemarq Prepares for Virtual Annual Shareholders’ Meeting with Key Filings

Bridgemarq Real Estate Services Inc. has filed its Management Information Circular and Annual Report for the year ended December 31, 2024, in preparation for its virtual annual shareholders’ meeting on May 13, 2025. This filing is significant as it provides shareholders with essential information about the company’s performance and strategic direction, impacting stakeholders’ understanding and engagement with Bridgemarq’s operations.

Bridgemarq Real Estate Services Reports 2024 Financial Results and Declares Dividend

Bridgemarq Real Estate Services reported a significant increase in revenue for 2024, reaching $350.7 million due to the acquisition of real estate brokerages and internalization of its management team. Despite this growth, the company faced a net loss of $10.3 million, attributed to non-cash losses on the valuation of Exchangeable Units, and announced a monthly dividend to shareholders. The financial results reflect the impact of higher interest expenses and increased amortization of intangible assets, partially offset by the positive contributions from the acquired businesses.