Post by
JayBanks on Nov 08, 2023 9:55pm
Q3 Results
I haven't dove in too deep yet but maybe big takeaway and main thing I care about:
Distributable Income dropped significantly from what was 27.44 cents per year based on Q2x4 to now 25.52 cents Q3x4... That's almost a pro-rated 2 cent drop per year... did not expect that, tho it might have something to do with Mr. Mike's payments might be a bit lumpy as they are I guess making 'catch up'/deferred payments that they previously got behind on...
Obviously that quarter was also absent the BarBurrito income which we should start seeing next quarter and the distributable income should bump back up, likely into record breaking incomes again...
Anyone else catching anything of note?
Comment by
BlueJay2020 on Nov 08, 2023 10:35pm
Gut reaction was it was at best underwhelming. Was hoping for bigger SSG from Mr Lube. Still see potential for Air Miles and of course Bar Burrito but the structure of the latter dral means it will take a long while for torque on it. I would not be surprised to see us below $2.50 tomorrow. A solid hold, though, at this distribution level.