Bullboard - Stock Discussion Forum Alaris Equity Partners Income 6 25 Senior Unsecured Debentures ADLRF

Primary Symbol: T.AD.DB.A Alternate Symbol(s): T.AD.UN

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... see more

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Alaris Equity Partners Income 6 25 Senior Unsecured Debentures > CIBC comments on Q4

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Post by HermannHaller on Mar 15, 2024 9:06am

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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