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Freehold Royalties Ltd. (FRU) Q1 2025 Earnings Call
Freehold Royalties Ltd. (TSX: FRU) Q1 2025 earnings conference call, held 2025-05-14. Replay captured from the company's public earnings webcast.
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Featured presenters
David Spiker
President & Chief Executive Officer
Travis Wood
Analyst
Todd McBride
Manager of Investor Relations
Dave Hendry
Chief Financial Officer
Rob King
Chief Operating Officer
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.378 Please continue to stand by. The conference will begin momentarily. 00:00:04.378 -- 00:00:10.644 Once again, please continue to stand by. We thank you for your patience. 00:00:29.917 -- 00:00:35.628 This conference is being recorded. This conference is recorded. 00:00:35.628 -- 00:00:39.196 All participants, please stand by. Your meeting is ready to begin. 00:00:39.196 -- 00:00:43.985 Good morning, ladies and gentlemen. Welcome to the Q1 results conference, Carl. 00:00:43.985 -- 00:00:45.989 I would now like to turn the meeting over to Mr. 00:00:45.989 -- 00:00:48.875 David Spiker. Please go ahead. 00:00:48.875 -- 00:00:52.006 Good morning, everyone, and thank you for joining us today. 00:00:52.006 -- 00:00:57.211 On the call from Freehold are Rob King, our COO, Dave Hendry, 00:00:57.211 -- 00:01:02.074 our CFO, and Todd McBride, our manager of IR. 00:01:02.637 -- 00:01:06.640 Before we jump into our Q1 results, I just wanted to highlight some of the structural 00:01:06.640 -- 00:01:09.964 improvements that we've been working on at Freehold. 00:01:09.964 -- 00:01:14.508 First off, most of you would have seen our end of April news release highlighting that 00:01:14.508 -- 00:01:19.313 Freehold and Rife have mutually agreed to terminate the management agreement. 00:01:19.313 -- 00:01:24.313 This management agreement has been in place since Freehold's inception in 1996, 00:01:24.313 -- 00:01:30.800 and for a long time, it was mutually beneficial to all the companies involved. 00:01:30.883 -- 00:01:36.992 Today, Freehold is a much larger company with a broader North American mandate. 00:01:36.992 -- 00:01:41.800 We no longer have working interest assets that benefited from Rice expertise, 00:01:41.800 -- 00:01:45.686 and we've been ver...