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Diversified Royalty Corp T.DIV

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

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.


TSX:DIV - Post by User

Comment by JayBankson May 09, 2024 9:11pm
172 Views
Post# 36032627

RE:RE:Well… that didn’t go as expected…

RE:RE:Well… that didn’t go as expected…I like base projections on numbers they gave us after the BarBurrito acquisition (Stratus before that) that we were suppose to produce a predicted $41,389,000 in Distributable income over the year, of course divided by 4 to give a basic average quarter of $10,346,000, which should also be increased upon as that was projected in November and we had some royalty increases take effect since.

Obviously, we have the non-fixed rate royalties that can fluctuate good and bad, but even with a regular weaker period from Mr Lube, that $800,000 drop with a few raises positively contributing was surprising which is what I was getting at... Not as much worried about the pull back off the average/previous, more the size at which it pulled back.

It doesn't change my thoughts/stratagy of owning, it was just a disappointment of a result.
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