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/Mis Actual Consensu

s s

Estimate

Q2 C$108

Revenue mln

Q2 EPS -C$0.57

Q2 Net -C$5.40

Income mln

Analyst Coverage

* Wall Street's median 12-month price target for Bridgemarq Real Estate Services Inc ( BREUF ) 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:

(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.)