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Alaris Royalty (TSE:AD.UN)
TSX:AD.UN
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.41Last Year’s EPS
0.69Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -7.19%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with record net book values and significant increases in partner distribution revenue and cash flow. However, there were notable challenges such as delays in profitability for Heritage and temporary cost impacts on Sono Bello. Despite these challenges, the overall sentiment leans towards positive due to the strong financial performance and investment strategies.Company Guidance
In the Q3 2024 earnings call for Alaris, significant metrics were discussed regarding the company's financial performance and future outlook. The net book value per unit increased by $0.78 to $22.80, reflecting a 9-month increase of $1.68 per unit and a year-to-date return on book value, including dividends, of $2.70. Partner distribution and transaction fee revenue reached $65.9 million, surpassing previous guidance of $38.7 million and significantly higher than Q3 2023's $47.2 million, driven by an upsurge in common dividends. The net distributable cash flow for Q3 2024 saw a 63% increase to $31.8 million, resulting in a payout ratio of 53%. Alaris invested an additional USD 35 million in convertible preferred equity into Ohana, and subsequent to the quarter, fulfilled a USD 10 million obligation to Cresa LLC. The portfolio maintains a weighted average ECR of 1.5x, with an anticipated Q4 revenue of $38.9 million and a 12-month run rate revenue of $171 million. The company remains focused on deploying capital into creative structures, enhancing its ability to generate higher returns across its diversified investment portfolio.Record Net Book Value
Net book value increased by $0.78 per unit to $22.80, marking a record for Alaris, with a 9-month increase of $1.68 per unit and a year-to-date return on book value of $2.70.
Significant Increase in Partner Distribution Revenue
Partner distribution and transaction fee revenue of $65.9 million exceeded guidance and the previous year's Q3 revenue of $47.2 million, driven by higher common dividends.
Strong Increase in Net Distributable Cash Flow
Net distributable cash flow for Q3 2024 increased by over 63% to $31.8 million, resulting in an actual payout ratio of 53%.
Successful Additional Investments
Alaris invested an additional USD 35 million into convertible preferred equity into Ohana and fulfilled a USD 10 million obligation to Cresa LLC, with total investments year-to-date of approximately $139 million.
Positive Portfolio Performance
Performance and fair value increases in partners such as Amur, Fleet, and Shipyard contributed positively to the portfolio.
TSE:AD.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:AD.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | C$20.16 | C$18.60 | -7.74% |
Mar 10, 2025 | C$18.56 | C$18.28 | -1.51% |
Nov 05, 2024 | C$17.71 | C$18.36 | +3.67% |
Aug 01, 2024 | C$15.36 | C$15.20 | -1.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alaris Royalty (TSE:AD.UN) report earnings?
Alaris Royalty (TSE:AD.UN) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Alaris Royalty (TSE:AD.UN) earnings time?
Alaris Royalty (TSE:AD.UN) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AD.UN EPS forecast?
TSE:AD.UN EPS forecast for the fiscal quarter 2025 (Q2) is 0.41.