Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Sir Royalty Income Fund (T:SRV.UN)

Business Focus: Restaurants & Bars

Log in or join to add this stock to your watch list.
Sector:  Consumer Cyclicals Industry:  Restaurants & Bars
 
See Regulatory Filings on SEDAR
Company Contact
Address: 5360 South Service Rd
BURLINGTON ON L7L 5L1
Tel: 1-416-4474740
Website: www.sircorp.com/sir-royalty-income-fund
IR: See website
Key People
John McLaughlin
Independent Chairman of the Board of Trustees
Peter Donald Fowler
President, Chief Executive Officer, Trustee
 
Business Overview
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 and Canyon Creek Chop House, and signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Far Niente/FOUR/Petit Four and the Loose Moose Tap & Grill, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership). The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership. SIR also owns and operates a Duke's Refresher & Bar located in downtown Toronto and one seasonal restaurant, Abbey's Bakehouse.
Financial Overview
For the six months ended 30 June 2019, SIR Royalty Income Fund revenues was not reported. Net income increased from C$3.3M to C$12.5M. Net income benefited from Change in estimated fair value of the SI decrease from C$1.8M (expense) to C$13.3M (income). Dividend per share increased from C$0.59 to C$0.63. Basic Earnings per Share excluding Extraordinary Items increased from C$0.40 to C$1.50.
Employees: 5,000 as of Mar 11, 2016
Reporting Currency: Canadian Dollars
Enterprise value: $109.67M as of Jun 30, 2019
Annual revenue (TTM): $0.00M as of Jun 30, 2019
EBITDA (TTM): $11.04M as of Jun 30, 2019
Net annual income (TTM): $14.30M as of Jun 30, 2019
Free cash flow (TTM): $0.06M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,375,567 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization