Canada's Bridgemarq Q2 revenue falls 10% on market weakness, fewer realtors

Bridgemarq Real Estate Services

13/08/2026 12:40

Overview
Canada real estate services firm's Q2 revenue fell yr/yr due to market weakness and fewer REALTORS
Q2 adjusted net earnings declined from a year ago, reflecting lower revenue partly offset by lower commissions
Company announced new annualized dividend rate of C$0.05 per share, payable quarterly if declared

Outlook
Bridgemarq expects a more balanced Canadian housing market in the second half of 2026

Result Drivers
MARKET WEAKNESS - Co said revenue decline was primarily due to weakness in the Canadian real estate market and a decrease in the number of REALTORS
HIGHER CAPITAL EXPENDITURES - Co said lower free cash flow was mainly due to lower operating income and higher, partly non-recurring, capital expenditures
LOWER COMMISSIONS EXPENSE - Co said decrease in adjusted net earnings was partly offset by lower commissions expense

Company press release: ID:nCNWcQQ28a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$97.47 mln
 
Q2 Loss Per Share
 
C$0.13
 
Q2 Net Loss
 
C$1.20 mln
 
Q2 Operating Cash Flow 
 
C$8.08 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the real estate services peer group is "buy"
Wall Street's median 12-month price target for Bridgemarq Real Estate Services Inc is C$11.25, about 167.9% above its August 12 closing price of C$4.20

Reuters Recommended Reads
Aug 11 - Real estate developer Dream Unlimited's Q2 revenue rises, posts pre-tax profit
Aug 12 - Canada's H&R REIT Q2 rental income falls amid portfolio repositioning
Aug 13 - UK property firm Savills's H1 profit jumps on North America strength; warns of uncertainty

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(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.)