SIR Royalty Income Fund
SIRZF
Other OTC11.49
USD
- -
- -
ISIN
CA8296361097
CUSIP
829636109
Return %
Stock
S&P500
1Y
8.29
15.01
3Y
4.45
82.56
5Y
55.90
79.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Peter Fowler
- Full Time Employees
- 3,900
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Address
- 5360 South Service Road Burlington ON Canada L7L 5L1
- IPO Date
- Oct 15, 2010
- Website
- sircorp.com
- Similar Companies
- Business
- SIR Royalty Income Fund; SIR Royalty Income Fund engages in owning and managing a diversified pool of restaurant royalties, distributing income derived from royalty streams and related financing arrangements to unitholders; the Fund earns distributions from the SIR Partnership and interest income from the SIR Loan; it operates a royalty pool that includes Jack Astor’s and Scaddabush branded restaurants and related hospitality assets; the Fund's primary business activity is to invest in a portfolio of restaurant brand royalties and related financing arrangements to generate stable distributions for investors. Main products and services: - Royalty investments: six percent of revenue from restaurants in the royalty pool, providing ongoing distribution income to the Fund. - SIR Loan income: interest income associated with financing arrangements tied to restaurant assets. - Distribution management: regular remittance of income to unitholders, including quarterly or periodic distributions aligned with royalty and loan cash flows. - Restaurant portfolio management: ongoing oversight of royalty-generating assets, including monitoring revenue performance, contract terms, and pool composition. - Strategic asset management: coordination of restaurant renovations, new openings, and brand expansions funded through the Fund’s capital and credit facilities. Latest major company changes: - Adjustments to the royalty pool composition in 2025/2026, including the addition of new restaurants and the removal of others from the pool, affecting future distribution streams and royalties. - Ongoing updates to the trust’s pool mechanics and incremental adjustments anticipated for 2026 and 2027 reflecting changes in the underlying restaurant portfolio, with corresponding effects on distributions and yield. - Public disclosure of quarterly financial results in 2026, highlighting performance of the royalty-based income and related financing activities, impacting investor expectations and strategy. - Strategic updates to capital structure and credit facilities, including amendments to revolving facilities to enhance funding certainty for growth initiatives such as renovations and openings. Additional context: - Industry and segments: consumer-discretionary/restaurant sector with a focus on franchised and branded casual dining concepts. - Target markets: primarily Canada and select North American regions where SIR-operated brands (notably Jack Astor’s and Scaddabush) maintain a presence. - Geographic operations: Canada (headquartered and primary operations linked to SIR Corp), with restaurant footprint across multiple provinces; the Fund itself is structured to receive royalties linked to a portfolio of Canadian restaurant locations. - Founding year and headquarters: SIR Corp traces its heritage to mid-2000s growth in casual dining; headquarters are in Canada (multiple corporate offices, with primary operations centered around Canadian market presence). - Subsidiaries/parent: SIR Royalty Income Fund is affiliated with SIR Corp and operates within the broader SIR corporate group; the Fund’s royalty pool comprises restaurants associated with SIR Corp brands under a partnership framework. Notes: - The Fund’s core revenue derives from a 6% royalty on eligible restaurant revenues within the Royalty Pool, plus interest income from the SIR Loan, forming the basis for distributions to unitholders; ongoing portfolio support and capital initiatives are funded through the Fund’s credit facilities and related arrangements. - Recent pool adjustments may influence the timing and magnitude of distributions, including the addition of new outlets and the removal of closed locations, with explicit calculations and yield implications disclosed in regulatory and investor communications.