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Alaris Equity Partners Income 5 50 convertible unsecured subordinated Debentures T.AD.DB

Alternate Symbol(s):  T.AD.DB.A | T.AD.UN | ADLRF

Alaris Equity Partners Income Trust (the Trust) is a Canada-based private equity company. The Trust, through its subsidiaries, provides alternative financing to private companies. The Trust’s operations consist primarily of investments in private operating entities. The principal objective of the Trust is to generate stable and predictable cash flows for payment of distributions to unitholders of the Trust. The Trust offers a range of services, which include services, healthcare services, industrial services, professional services, information technology services, and construction-related services. The Company’s investments are made through a wholly owned Canadian corporation, Alaris Equity Partners Inc., and its American investments are made through, Alaris Equity Partners USA Inc. (Alaris USA) and Salaris USA Royalty Inc. (Salaris USA). The Trust also has a wholly owned subsidiary in the Netherlands, Alaris Cooperatief U.A. (Alaris Cooperatief).


TSX:AD.DB - Post by User

Post by retiredcfon Mar 23, 2024 12:50pm
215 Views
Post# 35948810

Another View

Another ViewRevenue was $41.9M vs $40.8M estimated. Earnngs per unit 86c vs 73c last year and well ahead of estimates. EBITDA of $61.3M beat estimates of $35.5M. Revenue fell 18% year over year. Gains were attributed to common equity exposure in its partners, which is an increasing part of its business. Payout ratio was 64%. It was a good quarter but overall management expressed disappointment that more capital was not deployed to new partners. But we do not see any issues here. We would be fine buying for higher-risk income accounts, and would expect more distribution increases (slowly) over the next few years. (5iResearch)
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