Real estate services firm Bridgemarq's Q1 revenue falls on weak Canadian market

Bridgemarq Real Estate Services

13/05/2026 12:39

Overview

Canada residential real estate services firm's Q1 revenue fell due to market weakness and fewer Realtors

Adjusted net earnings declined yr/yr, partly offset by lower commissions expense

Net loss driven by fair value loss on exchangeable units

Outlook

Company targets annual dividend of C$1.35 per restricted voting share, unchanged from 2025

Company says mixed market conditions and geopolitical uncertainty continue to weigh on demand

Potential for higher borrowing costs may support demand as consumers act before mortgage rates rise

Result Drivers

MARKET WEAKNESS - Revenue declined due to weakness in the Canadian real estate market and a decrease in the number of Realtors, per company

LOWER COMMISSIONS EXPENSE - Adjusted net earnings decline was partly offset by lower commissions expense

HIGHER CAPITAL EXPENDITURES - Free cash flow fell due to lower operating income and higher capital expenditures

Company press release: ID:nCNWkwhT2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$69.87 mln
Q1 EPS
-C$0.33
Q1 Net Income
-C$3.18 mln
Q1 Operating Cash Flow
C$269,000


Analyst Coverage

The one available analyst rating on the shares is "sell"

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$12.50, about 8.7% below its May 12 closing price of C$13.69

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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.)