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Diversified Royalty Corp. Announces Second Quarter 2025 Results and Strongest Adjusted Revenue(1) Quarter in its History
VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX:&#x...
About this update from Diversified Royalty Corp.
[{"type":"text","content":"Diversified Royalty Corp. Announces Second Quarter 2025 Results and Strongest Adjusted Revenue(1) Quarter in its History\n\n\n\n VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for three months ended June 30, 2025 (“Q2 2025”) and six months ended June 30, 2025.\n \n\n\n Highlights\n \n\n\n\n The weighted average organic royalty growth\n \n 1\n \n of DIV’s diversified royalty portfolio was 5.5% in Q2 2025 and 4.6% for the six months ended June 30, 2025, compared to 4.2% for the three months ended June 30, 2024 (“Q2 2024”) and 4.7% for the six months ended June 30, 2024. The weighted average organic royalty growth\n \n 1\n \n on a consistent currency basis was 4.7% in Q2 2025 and 4.1% for the six months ended June 30, 2025, compared to 3.9% in Q2 2024 and 4.6% for the six months ended June 30, 2024.\n \n\n Revenue was $17.8 million in Q2 2025 and $33.5 million for the six months ended June 30, 2025, up 6.4% and 5.1%, respectively, compared to the same periods in 2024.\n \n\n Adjusted revenue\n \n 1\n \n was $19.2 million in Q2 2025 and $36.1 million for the six months ended June 30, 2025, up 6.0% and 4.9%, respectively, compared to the same periods in 2024.\n \n\n Distributable cash\n \n 1\n \n was $12.7 million in Q2 2025 and $23.8 million for the six months ended June 30, 2025, up 9.3% and 12.5%, respectively, compared to the same periods in 2024.\n \n\n Payout ratio\n \n 1\n \n was 83.0% in Q2 2025 based on dividends of $0.0625 per share for the quarter ($0.2500 per share annualized), compared to 88.6% in Q2 2024 based on dividends of $0.0625 per share for the comparable quarter ($0.2500 per share annualized), and 88.0% for the six months ended June 30, 2025 based on dividends of $0.1250 per share for the period ($0.2500 per share annualized), compared to 92.5% based on dividends of $0.1237 per share for the comparable period ($0.2474 per share annualized).\n \n\n Effective May 1, 2025, 5 net new locations were added to the Mr. Lube + Tires royalty pool.\n \n\n On June 17, 2025, DIV closed a trademark acquisition and royalty agreement with Cheba Hut Franchising, Inc. (“Cheba Hut”) of Fort Collins, Colorado, add...