Join today and have your say! It’s FREE!
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.


TSX:DIV - Post by User

Post by kijijion Aug 15, 2022 9:09am
204 Views
Post# 34896129

Q2 EPS $0.06 Vs $0.04 adjusted Rev $12.3M vs $10.4M Yr Ago

Q2 EPS $0.06 Vs $0.04 adjusted Rev $12.3M vs $10.4M Yr Ago
Diversified Royalty Corp Q2 EPS $0.06 Vs $0.04 Year Ago; Adjusted Revenue $12.3 Million Vs $10.4 Million
 Diversified Royalty Corp. (DIV.TO), which acquires royalties from multi-location businesses and franchisors in North America, over the weekend reported Q2 net income of $7.1 million, or $0.06 per basic and diluted share, compared with $5.2 million, or $0.04 per share, a year earlier.
 
Analysts polled by Capital IQ expected EPS at $0.04.
 
Adjusted revenue for the quarter ended June 30 rose to $12.3 million from $10.4 million a year earlier. Analysts surveyed by Capital IQ expected $11.46 million.
 
The company said net income rose primarily due to higher adjusted revenue and higher fair value gains on financial instruments. This was partially offset by an increase in income tax expenses, interest expenses on credit facilities, and salaries and benefits.
 
The company said that distributable cash for Q2 increased to $7.9 million, or $0.0639 per share, compared with $6.8 million, or $0.0556 per share, a year earlier. The payout ratio in Q2 was 86.1%, compared with 89.9% a year earlier.
<< Previous
Bullboard Posts
Next >>