Welcome to our dedicated page for Re Royalties news (Ticker: RROYF), a resource for investors and traders seeking the latest updates and insights on Re Royalties stock.
RE Royalties Ltd. (RROYF) pioneers royalty-based financing solutions for renewable energy projects across solar, wind, and emerging technologies. This news hub provides investors and industry stakeholders with timely updates on the company's strategic developments and financial performance.
Access authoritative information about RROYF's secured transactions, royalty agreements, and portfolio expansion efforts. Our curated collection features official press releases covering project financing milestones, operational updates, and partnership announcements in North American and international markets.
Key content categories include earnings reports, new royalty acquisitions, energy storage initiatives, and regulatory developments impacting renewable financing. Bookmark this page to monitor RROYF's progress in creating sustainable revenue streams through non-dilutive capital solutions.
For comprehensive insights into renewable energy financing models and RROYF's market position, visit regularly for verified updates directly from corporate communications and trusted financial analysis sources.
RE Royalties (TSXV:RE, OTCQX:RROYF) announced a cash distribution of $0.01 per issued and outstanding common share for the second quarter ending June 30, 2024. The dividend is payable on August 21, 2024, to shareholders of record on July 31, 2024. The cumulative dividends declared for the 2024 fiscal year total $0.02 per common share. CEO Bernard Tan expressed the company's commitment to providing dividends and confidence in its growth outlook. RE Royalties specializes in acquiring revenue-based royalties in renewable energy, owning over 100 royalties in various projects across North America, Mexico, and Europe.
RE Royalties announced its Q1 2024 financial results, showing significant growth. Quarterly revenue increased by 45% to $2.637 million, thanks to more investments over the past year. Gross profit also rose by 45% to $2.538 million, and EBITDA increased by 34% to $1.797 million. Net income after tax reached $659,000, up 18% from the previous year. Cash and cash equivalents stood at $14.614 million.
Key business highlights include a $1.7 million loan to Clean Communities for a 4MW solar project in Alberta and a loan and royalty agreement with Revolve Renewable Power Corp for hydro and wind projects totaling 23 MW. RE Royalties also secured a $415,000 loan for a rooftop solar project in Mexico and received an early repayment of a $5.6 million loan from Nomad Transportable Power Systems.
CEO Bernard Tan highlighted the company's stable cash flows and robust portfolio, despite challenging market conditions.
RE Royalties will be presenting at the 2024 Canadian Climate Investor Conference (CCIC) on June 25, 2024, at the MaRS Discovery District in Toronto, Ontario.
The event will showcase RE Royalties' leadership in renewable energy royalty-based financing.
For more details and registration, visit the CCIC website.
RE Royalties announces its fiscal 2023 year-end results, showcasing significant revenue and income growth, increased gross profit, positive EBITDA, and a net loss post-income tax. The company highlights key business achievements, including new investments, loan agreements, acquisitions of royalties, and the completion of Series-3 Green Bonds offering. Despite a provision for expected credit losses affecting net income, the company's investment portfolio remains stable. RE Royalties aims to capitalize on near-term opportunities and continue its financial growth in the upcoming quarters.
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