Sector: Financials | Industry: Corporate Financial Services |
Company Contact | |
Address: | 5360 South Service Rd BURLINGTON ON L7L 5L1 |
Tel: | 1-647-4967856 |
Website: | https://www.sircorp.com/sir-royalty-income-fund |
IR: | See website |
Key People | ||
Peter Donald Fowler Chief Executive Officer, Trustee | Kim Van Nieuwkoop Senior Vice President of Human Resources, General Counsel, Trustee |
Business Overview |
SIR Royalty Income Fund (the Fund) is a Canada-based trust, which receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund holds an investment in SIR Corp. SIR owns a portfolio of approximately 54 restaurants in Canada. SIR's Concept brands include Jack Astor's Bar and Grill, with 37 locations, and Scaddabush Italian Kitchen & Bar, with 11 locations. SIR also operates Signature brands, including Reds Wine Tavern, Reds Square One, Reds Kitchen + Wine Bar Fallsview and The Loose Moose. SIR also owns two additional Signature restaurants, including Duke's Refresher & Bar in downtown Toronto, and Abbey's Bakehouse, a seasonal restaurant in Muskoka, Ontario. |
Financial Overview |
For the fiscal year ended 31 December 2023, SIR Royalty Income Fund revenues decreased from C$49K to C$0K. Net income decreased 57% to C$19.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Impairment of Financial Investments decrease from C$30.1M (income) to C$0K. Dividend per share increased from C$1.01 to C$1.14. |
Employees: | 5,000 as of Mar 11, 2016 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $121.45M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
EBITDA (TTM): | $11.66M as of Dec 31, 2023 |
Net annual income (TTM): | $19.11M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1.86M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 8,375,567 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |