Alaris Equity Partners Income 6 25 Senior Unsecured Debentures T.AD.DB.A

Alternate Symbol(s): ADLRF | T.AD.UN

Financial Services Asset Management

Alaris Equity Partners Income Trust (the Trust) is a Canada-based trust. The Trust’s operations consist of investments in private operating entities, typically in the form of preferred or common limited partnership interests, preferred or common interest in limited liability corporations in the United States, and loans receivable. The Trust’s Canadian investments are made through a wholly owned Canadian corporation, Alaris Equity Partners Inc. and its American investments are made through two Delaware corporations, Alaris Equity Partners USA Inc., Salaris USA Royalty Inc., and their subsidiaries.

TSX:AD.DB.A - Post by User

Alaris Equity Partners Income 6 25 Senior Unsecured Debentures

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Post by HermannHalleron Mar 15, 2024 9:06am

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Post# 35934530

CIBC comments on Q4

ALARIS EQUITY PARTNERS INCOME TRUST

Slightly Positive Q4 Print

Our Conclusion

Alaris reported a slightly stronger-than-expected quarter with revenue and G&A both coming in a bit better than anticipated. The weighted average earnings coverage ratio and run-rate payout ratio were both stable. The company indicated it expects a flat overall reset in 2024, but this is not particularly surprising considering revenue trends at the private company partners in 2023. Overall, we thought it was a slightly positive quarter. We maintain our Outperformer rating and $20.00 price target.

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