Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

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... see more

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TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > Q3 earnings

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Post by nightCruise on Nov 12, 2021 12:58am

Q3 earnings

Excellent results considering Ont and Que only started lifting indoor dining restrictions on SIR restaurants in Sept 22 and Sept 1 respectively, and that outdoor patios were just opened starting in June and kept so throughout Q3!

And of course distributions were covered at a 94.5% payout ratio, but they increased the div right at the end of quarter to .09 on distributable cash of .24. Hopefully with the capacity limits raised for Q4 in Sept with vax certs they can cover the future .27 required.

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Comment by wildrunner11 on Nov 12, 2021 7:14am

True but with the return in dividend payment also supposed to include dividend not receive in the prior year? So, the result this quarter covered all the dividend payments. I understood their would be a 0.04 ish / month dividend for 12 months to cover last year?

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