Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > Q3 earnings

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Post by nightCruiseon Nov 12, 2021 12:58am

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Q3 earnings

Excellent results considering Ont and Que only started lifting indoor dining restrictions on SIR restaurants in Sept 22 and Sept 1 respectively, and that outdoor patios were just opened starting in June and kept so throughout Q3!

And of course distributions were covered at a 94.5% payout ratio, but they increased the div right at the end of quarter to .09 on distributable cash of .24. Hopefully with the capacity limits raised for Q4 in Sept with vax certs they can cover the future .27 required.

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