Bridgemarq Real Estate Services' Q2 revenue falls to C$108 mln, reports net loss

Bridgemarq Real Estate Services

14/08/2025 12:44

Overview

Bridgemarq Q2 revenue declines to C$108 mln from C$110.5 mln last year

Company reports net loss of C$5.4 mln due to Exchangeable Units valuation

Adjusted net earnings dip to C$2.2 mln amid higher operating costs

Outlook

Company cites economic uncertainty impacting real estate market activity

Bridgemarq highlights strength in Quebec's residential market

Company sees improved consumer sentiment boosting market activity

Bridgemarq focuses on AI tools to enhance realtor productivity

Result Drivers

FRANCHISE FEES - Increase in franchise fees due to fee hikes and more REALTORS, per company

EXCHANGEABLE UNITS - Net loss driven by fair valuation loss on Exchangeable Units, contrasting with last year's gain

OPERATING COSTS - Higher operating costs led to decreased adjusted net earnings, partially offset by lower interest and depreciation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
C$108 mln
Q2 EPS
-C$0.57
Q2 Net Income
-C$5.40 mln


Analyst Coverage

Wall Street's median 12-month price target for Bridgemarq Real Estate Services Inc is C$18.00, about 15.8% above its August 13 closing price of C$15.15

The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 57 three months ago

Press Release: ID:nCNWb6Zmla

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)