Re Royalties Stock Price, News & Analysis

RE Royalties Ltd. (OTCQX:RROYF) announced a non-brokered private placement of Green Bonds, aiming to raise up to C$8,000,000 in Canadian dollars and US$5,000,000 in U.S. dollars. The offering follows a previous news release regarding a public offering and has a maximum total target of C$23,000,000. These bonds have a five-year term and a 9% annual interest rate, secured against the company’s royalty and loan investments. Proceeds will enhance financing for renewable energy companies. The offering complies with Green Bond Principles and securities will be subject to a four-month hold period.

RE Royalties Ltd (TSXV:RE)(OTCQX:RROYF) has declared a cash dividend of $0.01 per common share for Q4 2022, payable on February 22, 2023, to shareholders recorded by February 1, 2023. The total dividend for the 2022 fiscal year is $0.04 per share. CEO Bernard Tan highlighted over $20 million in investments made in fiscal 2022, indicating ongoing revenue growth. The company continues to explore new transactions, aiming for sustained growth in upcoming quarters.

RE Royalties Ltd (TSXV:RE, OTCQX:RROYF) reported financial results for Q3 2022, showcasing a 156% year-over-year increase in quarterly revenue, reaching $1.3 million. Gross profit also surged by 177% to $1.24 million. Year-to-date revenue and income totaled $3.15 million, a 130% increase, with gross profit at $2.91 million, up 154%. The company expanded its portfolio with loans to Switch Power and ReVolve, enhancing recurring revenue streams. Cash and cash equivalents stood at $8.35 million as of the quarter-end.

RE Royalties Ltd (RROYF) announced a USD 3.9 million loan and royalty agreement with Delta Energy Partners to finance energy efficiency projects in Puerto Rico. The loan, with a 5-year term at a 12.15% interest rate, will support energy efficiency installations for government and commercial clients over a 10-year period. A 4% royalty on invested capital will commence 30 months post-closing. This marks the second collaboration with Franklin Park Investments, enhancing RE Royalties' position in renewable energy financing.

RE Royalties Ltd. announced a cash dividend of $0.01 per common share for the quarter ending September 30, 2022, payable on November 23, 2022. Shareholders of record by November 2, 2022 will be eligible for this distribution, contributing to a total of $0.03 dividends declared in the 2022 fiscal year. The company highlights a strong pipeline of financing opportunities in the renewable energy sector, ensuring continued yield growth for investors.

RE Royalties Ltd has announced a $1.86 million loan to Revolve Renewable Power Corp for battery and inverter equipment related to three energy storage projects in Cancun, Mexico, with a total capacity of 3.2 MWh. The loan, secured against project assets and carrying 12% interest, is part of a growing partnership, following a previous $1.6 million loan for a solar project. Revenue from these projects will incur a 5% gross revenue royalty for RE Royalties, with the financing set to bolster renewable energy deployment in North America.

RE Royalties Ltd. (TSXV:RE, OTCQX:RROYF) announced its annual general meeting (AGM) set for September 29, 2022. The meeting will be held at the company's Vancouver offices. The firm has also amended its proxy and voting instruction form to align resolutions with the AGM's notice. Additionally, RE Royalties has engaged Water Tower Research for investor relations, at a cost of USD$8,000 monthly for a year. This firm will aid in communication and relationship-building with stakeholders. The company focuses on renewable energy royalty financing and holds over 100 revenue-based royalties.

RE Royalties Ltd (TSXV:RE)(OTCQX:RROYF) has secured a $1.3 million loan with Switch Power Ontario Solar Operating Corporation to finance a 428 kWDC rooftop solar project in Vaughan, Ontario. The loan has a 6-month term at a 10% interest rate, extendable for another 6 months. In return, RE Royalties will receive a 1.0% gross revenue royalty on the project, increasing to 2.0% if extended. This marks their fourth transaction with Switch Power, emphasizing a strong ongoing partnership in the renewable energy sector.

RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) reported strong Q2 2022 financial results, showcasing a revenue increase of 185% to $1,188,000 compared to the previous year. Gross profit surged by 208% to $1,136,000. Year-to-date revenues reached $1,843,000, marking a 115% rise, while year-to-date gross profit was $1,673,000, up by 139%. The company completed a public offering, raising $8.07 million, and provided loans totaling $7.2 million to Nomad and ReVolve. Despite a net loss of $324,000 for the year-to-date, leadership expresses optimism for continued growth and cash flow stability.