Diversified Royalty Corp T.DIV

Alternate Symbol(s): T.DIV.DB.A | BEVFF

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America’s growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.

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Diversified Royalty Corp > Q3 Results

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Post by JayBankson Nov 08, 2023 9:55pm

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Post# 35725202

Q3 Results

I haven't dove in too deep yet but maybe big takeaway and main thing I care about:

Distributable Income dropped significantly from what was 27.44 cents per year based on Q2x4 to now 25.52 cents Q3x4... That's almost a pro-rated 2 cent drop per year... did not expect that, tho it might have something to do with Mr. Mike's payments might be a bit lumpy as they are I guess making 'catch up'/deferred payments that they previously got behind on...

Obviously that quarter was also absent the BarBurrito income which we should start seeing next quarter and the distributable income should bump back up, likely into record breaking incomes again...

Anyone else catching anything of note?

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