Boston Pizza Royalties Income Fund (T:BPF.UN)
Business Focus: Restaurants & Bars (NEC)
| Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
| Company Contact | |
| Address: | 201 - 13571 Commerce Parkway RICHMOND BC V6V 2R2 |
| Tel: | N/A |
| Website: | https://www.bpincomefund.com/home/default.aspx |
| IR: | See website |
| Key People | ||
| James Walter Treliving Director, Chairman and Owner | Felix Decata Vice President - Development | Jordan Holm President, Director |
| Michael Harbinson Chief Financial Officer, Director | Jonathan Jeske Senior Vice President, General Counsel | Peter Blackwell Senior Vice President - Marketing and Communications |
| Cara M. Piggot Senior Vice President - Operations and Food Services | Tiffany Liu Vice President - Finance | Ian Thomas Vice President - Finance | James Kawalecki Vice President - Marketing |
| Business Overview |
| Boston Pizza Royalties Income Fund (the Fund) is a Canada-based open-ended trust. The Fund operates through its subsidiaries, Boston Pizza Holdings Trust, Boston Pizza Holdings GP Inc. and Boston Pizza Holdings Limited Partnership, its 80% owned subsidiary Boston Pizza GP Inc. (BPGP), and its interest in Boston Pizza Royalties Limited Partnership. BPGP is the managing general partner of Royalties LP. The Fund indirectly, through Royalties LP, acquire the trademarks and trade names owned by Boston Pizza International Inc. (BPI), including 'Boston Pizza' and other similar related items, logos and designs (collectively, the 'BP Rights') used in connection with the operation of Boston Pizza restaurants in Canada. The Company operates approximately 377 Boston Pizza Restaurants in the Royalty Pool, of which approximately 375 were operating and open for business to the public. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Boston Pizza Royalties Income Fund revenues increased 8% to C$49.2M. Net income decreased 3% to C$29.6M. Revenues reflect Royalty income increase of 8% to C$37M, Distribution Income increase of 8% to C$12.2M. Net income was offset by Fair value loss (gain) on interest rate decrease from C$3.9M (income) to C$1.4M (expense). |
| Employees: | 159 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $417.62M as of Dec 31, 2023 |
| Annual revenue (TTM): | $49.19M as of Dec 31, 2023 |
| EBITDA (TTM): | $47.70M as of Dec 31, 2023 |
| Net annual income (TTM): | $29.57M as of Dec 31, 2023 |
| Free cash flow (TTM): | $12.12M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $81.91M as of Dec 31, 2023 |
| Shares outstanding: | 21,278,563 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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