Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > No surprise today

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Comment by rabnudon May 14, 2024 3:10pm

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RE:No surprise today

FCD is doing very very nicely and the aafo was reduced drastically last quarter;;Payout ratio decreased to 108% for Q1/2024 from 121% over the same period
in 2023;

maplak wrote: as reits are struggling with refinancing and passing higher rents.Yesterday FCD.UN reported earnings , pay out ratio to high. SRV. UN doing nice. Evey time I am passing by Scaddabush on the way to Arizona noticing parking lot is very busy. On the other hand PLZ.UN is recovering as they got upgraded.

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