TSX:SRV.UN - Post by User
Post by
JReynoldson Aug 05, 2017 3:30am
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Post# 26550573
Coming Q2 2017 Highlights
Coming Q2 2017 Highlights
I always scanned through the Highlights as I read co qtr-ly reports. When I scanned through the Q1 Highlights again for our SRV.un, I found the following of interest :- 1) The report said they added 1 more restaurant in Jan 2017, but why is it that the number 'stayed' at 57 restaurants under 'Royalty Pooled Restaurants' ? 57 was also the number under 'Royalty Pooled Restaurants' for the Q4 2016 Highlights. 2) This is one measurement I'd be looking closely at :- Distributable cash(2) totaled $2.3 million, or $0.28 per Fund unit (basic and diluted), and cash distributed totaled $2.4 million, representing a payout ratio(2) of 103.6%. The Fund's payout ratio is typically higher during the first quarter due to seasonal factors. The Fund's target payout ratio is 100% per annum. At a qtr-ly earning of 28c per FU in Q4 2016, the POR was 101.2%, but for Q1 2017, the same 28c gave a higher POR of 103.6%. There must have been an increase in the number of Fund Units (FUs) in circulation. I do hope the 'seasonal factors' will die down as the qtrs. go by into 2017.... Let's look at the coming Q2 highlights on Wednesday !