Why do AW.un and AD.un NOT show up in your REITsceener?

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Why do AW.un and AD.un NOT show up in your REITsceener?

OK, they are not REITs per se, but as income trusts, don’t they have the same structure, financial characteristics, and follow very similar rules?

btw, nice, helpful addition to the service, thank you.

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Asked on January 24, 2022 5:56 am
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No problem!

These companies would not be very useful in the REIT screener, particularly A&W. A&W is simply a royalty trust. So, it takes 3% of revenue, subtracts expenses, and then pays the rest out as a dividend. So, price to earnings would be an accurate way to value A&W as its net income is simply the end result of its royalty generation.

Alaris really doesn't have the same structure either. This is a company that typically takes non-controlling positions in North American companies. It has its own unique calculation of payout ratios that it calls the Run Rate Cash Flow.

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Posted by Dan Kent
Answered on January 24, 2022 7:33 pm