Alaris Equity Partners Income Trust releases positive financial results for Q3 2024.

From GlobeNewswire: 2024-11-05 18:56:00

Alaris Equity Partners Income Trust announced its results for the three and nine months ended September 30, 2024. Highlights include generating $0.78 per unit of additional book value and earning $65.9 million in revenue for the quarter. Net distributable cash flow for the nine months ended September 30, 2024, increased by 28% to $88.0 million. Adjusted EBITDA per unit increased by 12.5% for the quarter. The Trust expects total revenue from its Partners in Q4 2024 to be approximately $38.9 million.

Partner related changes in net gain on Corporate Investments per unit increased by 13.7% for the three months ended September 30, 2024, compared to the same period in 2023. Adjusted EBITDA per unit increased by 12.5% for the quarter and 6.5% for the nine months ended September 30, 2024. Alaris net distributable cash flow per unit increased by 63.6% for the quarter and 59.5% for the nine months ended September 30, 2024. Adjusted earnings per unit increased by 4.6% for the quarter and 9.3% for the nine months ended September 30, 2024.

The Trust’s Run Rate Revenue for the next twelve months is expected to be approximately $171 million. The Run Rate Cash Flow is projected to be $35,300 with a Run Rate Payout Ratio between 65% and 70%. Alaris’ financial statements and MD&A are available on SEDAR and the company’s website. A conference call to discuss the financial results and outlook will be held on November 6, 2024. Participants must register in advance to receive access details.

Forward-looking statements in the news release outline expectations for the Trust’s financial and operating performance, including revenue, Distributions from Partners, and the impact of new and follow-on investments. Assumptions about the economy, global health crises, and currency exchange rates are considered in these statements. Actual results could differ due to various risk factors, including changes in Partner operations and inability to collect deferred Distributions.



Read more at GlobeNewswire:: Alaris Equity Partners Income Trust Releases 2024 Third