Boston Pizza Royalties Income Fund T.BPF.UN

Alternate Symbol(s): BPZZF

Consumer Cyclical Restaurants

Boston Pizza Royalties Income Fund (the Fund) is a Canada-based open-ended trust. The Fund operates through its subsidiaries, Boston Pizza Holdings Trust, Boston Pizza Holdings GP Inc. and Boston Pizza Holdings Limited Partnership, its 80% owned subsidiary Boston Pizza GP Inc. (BPGP), and its interest in Boston Pizza Royalties Limited Partnership. BPGP is the managing general partner of Royalties LP. The Fund indirectly, through Royalties LP, acquire the trademarks and trade names owned by Boston Pizza International Inc. (BPI), including 'Boston Pizza' and other similar related items, logos and designs (collectively, the 'BP Rights') used in connection with the operation of Boston Pizza restaurants in Canada. The Company operates approximately 372 Boston Pizza Restaurants in the Royalty Pool, of which approximately 370 were operating and open for business to the public.

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Boston Pizza Royalties Income Fund

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Comment by Tony101on Aug 16, 2020 9:16pm

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Post# 31415829

RE:RE:Earnings

That guy's just trolling. BPF went from 7.69m in distributable cash in Q1 to a negative 2.24m distributable cash, a 10m loss in one quarter. The worst from initial shock may be behind us, but the subsequent shock from unemployment, debts and bankruptcies will be the next crusher.

I do believe people will be tempted to go out when lockdown eases just to feel normal again, resulting in a short term increases in revenue, but a lot of people will prioritize debt (re)payments (cc, rent, necessities, etc) and savings than spending in the coming months, possibly one to two years, just in case anything happens again.

Even if BP restarts distributions, I think it will be minimal, likely an annualized 5% ($0.03/mo) based on current share price.

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