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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TSX:AD.DB.A - Post Discussion

Alaris Equity Partners Income 6 25 Senior Unsecured Debentures > Stockchase Insights

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Post by retiredcf on Nov 09, 2024 6:37am

Stockchase Insights

HOLD
Alaris Equity Partners Income Trust(AD.UN-T)
06/11/2024

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
EPS of 69c rose from 61c last year and beat estimates of 53c; revenue of $42.1M was marginally ahead of estimates. EBITDA fell 16% to $33.5M and was marginally below estimates. With a royalty company, the main concerns are the sustainability of the dividend, the quality of its portfolio (AD has at times had investments that stopped paying it its royalties) and its ability to continue to add royalties. The company has had a long, and generally successful, history. Payout ratio is fine at 53% and it has managed to de-risk its business with improving debt ratios. It is still a fairly small entity and with companies at times paying 15%+ there are to be problems on occasion. But we think it is priced well to reflect these concerns and would consider it a decent small cap income stock.

Trust, Savings And Loan
$19.020

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