Diversified Royalty Corp T.DIV

Third Quarter 2021 Results

[Betteryear2]

VANCOUVER, British Columbia, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months ended September 30, 2021 (“Q3 2021”) and nine months ended September 30, 2021.

Highlights

• Revenue of $9.9 million in Q3 2021 and $26.6 million for the nine months ended September 30, 2021, up 22.9% compared to the three months ended September 30, 2020 (“Q3 2020”) and 23.5% compared to the nine months ended September 30, 2020
• Adjusted revenue of $11.1 million in Q3 2021 and $30.3 million for the nine months ended September 30, 2021, up 20.2% and 20.4%, respectively, compared to the same periods in 2020
• Distributable cash of $7.3 million in Q3 2021 and $20.0 million for the nine months ended September 30, 2021, up 16.3% and 19.9%, respectively, compared to the same periods in 2020
• Increased annual dividend by 4.7% to $0.22 per share, effective with the November 2021 monthly dividend, following a 5% increase in August 2021 to $0.21 per share.

https://www.globenewswire.com/news-release/2021/11/09/2330984/0/en/Diversified-Royalty-Corp-Announces-Third-Quarter-2021-Results.html

[Tommy123]

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[JayBanks]

  I've been mentioning this for atleast 6 months, they were safe and capable of being at/mildly above pre-Covid distributions. I'm a little disappointed we aren't there. (Overall I'm pleased with the results) Mr. Mikes over doubled in income for us and I bet they are still not back at 100%, a few of our others are likely a little below full steam in buisness, not to

[nedstar71]

Great results! No reason this shouldn't be $3.10 by year end and $3.25 once another penny is added to the annual dividend. It should have blown through $3 with the last dividend bump. I think they are always working on or on the lookout for new acquisitions. I do note though that pre pandemic there was often a "We remain active in pursuing opportunities to acquire trademarks and royalties

[nedstar71]

"Mr. Lube generated SSSG of 15.0% and 6.4% respectively for the Mr. Lube stores in the royalty pool, for the three and nine months ended September 30, 2021 compared to the same periods in 2019 " Compared to before the pandemic.  All I can say is wow.  And this with many still working at home and not travelling etc.  Really incredible.

[Tommy123]

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