TSX:SRV.UN - Post by User
Post by
BlueJay2020on Jul 16, 2021 2:43pm
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Post# 33560668
Source of distribution
Source of distributionIt's being said that the 7 cents is split 4 cents from deferred and 3 cents from current operations.
I would like to know where these numbers are being plucked from.
Here's my basic attempt at breaking it down.
7 cents a unit equates to just under $600,000 in aggregate payout. The interest on the SIR Loan is $250,000 a month - that's 3 cents a share right there from June, before you get to royalties from the four-week operating period ended July 4, 2021. Patio dining was in effect for a good chunk of that period.. Even assuming a 70% sales decline from pre-COVID that would still equate to (let's conversatively say) 2 to 2.5 cents a unit per month.
That would leave only 1.5 to 2 cents cents top-up from the deferred bucket. I imagine that they have selected this as a sustainable level once indoor dining is fully established, without need to dip into the deferred bucket, which will be on top.
Is my math wrong?