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Sir Royalty Income Fund (T:SRV.UN)

Business Focus: Corporate Financial Services (NEC)

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