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RE Royalties Ltd (RROYF) is a global leader in renewable energy royalty-based financing. The company acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to companies in the renewable energy sector. With over 100 royalties on solar, wind, battery storage, energy efficiency, and renewable natural gas projects in Canada, United States, Mexico, and Chile, RE Royalties aims to provide shareholders with a strong growing yield, robust capital protection, high growth rate through re-investment, and a sustainable investment focus.
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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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RE Royalties announces the publication of its 2024 Green Bond Framework assessed as Dark Green, along with the 2023 Green Bond Report, showcasing the company's commitment to renewable energy investments. The Framework's alignment with low-carbon climate resilient future standards has been endorsed by S&P Global Ratings. The Report details the utilization of proceeds from Green Bonds in renewable energy projects, highlighting positive environmental impacts. Additionally, RE Royalties will host an Investor Appreciation Day on May 2, 2024, in Vancouver, B.C., Canada.
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RE Royalties declares a $0.01 per share dividend for the first quarter of 2024, continuing to deliver on its business plan with investments in Revolve Renewable Power and Clean Communities Corp. The company aims to expand its portfolio and grow revenues, income, and cash flows for the future.
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RE Royalties announces the early repayment of a USD $5.6 million loan to NOMAD Transportable Power Systems Inc. and a new $415,000 loan to Revolve Renewable Power Corp. The Company continues to receive a gross revenue royalty from NOMAD's units and has engaged Velocity Trade Capital for market-making services.
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RE Royalties Ltd. announces Revolve Renewable Power Corp.'s completion of WindRiver Power Corporation acquisition, supported by a CAD $4.0 million secured loan. The Acquisition includes minority and majority ownership in various renewable energy projects in British Columbia and Alberta.
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RE Royalties Ltd. has entered into an agreement with Clean Communities Corporation to provide a CAD $1.7 Million secured loan to support the construction of a 4MW solar project in Cardston, Alberta. The loan will have a 60-month term and an interest rate of 13% per annum. RE Royalties will receive a gross revenue royalty of 5.0% on the Project for 20 years after reaching commercial operations. This marks the company's first transaction with an Indigenous-led enterprise in the renewable energy space.
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RE Royalties Ltd (RROYF) to participate in The Microcap Conference on January 30, 31, and February 1, 2024 at Caesars Atlantic City Hotel & Casino. Bryce Anderson, Vice President Investments, to present on January 31 & February 1. Interested parties can register to attend and schedule one-on-one meetings with the management team.
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RE Royalties Ltd. declares a cash distribution of $0.01 per common share for the fourth quarter of 2023, totaling $0.04 per common share for the fiscal year. The distribution is payable on February 21, 2024, to shareholders of record on January 31, 2024. CEO Bernard Tan expresses confidence in the company's growth and business model.
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RE Royalties Ltd. (RE) announced its Q3 2023 financial results, showing significant growth in revenue and income, gross profit, and EBITDA. The company entered into loan and royalty agreements with CleanLight and Revolve Renewable Power Corp. for renewable energy projects. Despite a negative EBITDA for the quarter, the company remains stable and expects growth in financial performance.
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RE Royalties Ltd. declares cash distribution of $0.01 per share for Q3 2023.
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FAQ
What is the current stock price of RE ROYALTIES (RROYF)?
The current stock price of RE ROYALTIES (RROYF) is $0.34 as of November 15, 2024.
What is the market cap of RE ROYALTIES (RROYF)?
The market cap of RE ROYALTIES (RROYF) is approximately 14.7M.
What does RE Royalties Ltd do?
RE Royalties Ltd acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to companies in the renewable energy sector.
Where does RE Royalties Ltd have projects?
RE Royalties Ltd currently owns over 100 royalties on solar, wind, battery storage, energy efficiency, and renewable natural gas projects in Canada, United States, Mexico, and Chile.
What are the business objectives of RE Royalties Ltd?
The business objectives of RE Royalties Ltd are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment, and a sustainable investment focus.
How does RE Royalties Ltd generate revenue?
RE Royalties Ltd generates revenue through acquiring revenue-based royalties over renewable energy facilities and technologies and providing financing solutions to companies in the renewable energy sector.
What sets RE Royalties Ltd apart in the market?
RE Royalties Ltd is the first to apply the proven business model of acquiring revenue-based royalties to the renewable energy sector, positioning itself as a global leader in renewable energy royalty-based financing.
What is the current financial condition of RE Royalties Ltd?
RE Royalties Ltd continues to demonstrate strong year-over-year growth in revenue and income, despite challenges in the capital market. The company's investment portfolio generates stable, recurring cash flows, ensuring financial resilience.
How does RE Royalties Ltd ensure capital protection?
RE Royalties Ltd focuses on robust capital protection through its innovative financing solutions and strong, collateral-backed investments in renewable energy projects.
What is the growth strategy of RE Royalties Ltd?
RE Royalties Ltd aims to achieve high growth rates through re-investment in its portfolio of renewable energy royalties, targeting sustainable and impactful investments in the sector.
Can investors benefit from investing in RE Royalties Ltd?
Investors in RE Royalties Ltd can benefit from a strong growing yield, robust capital protection, and high rate of growth through re-investment, aligning with the company's sustainable investment focus.
How can interested parties get more information about RE Royalties Ltd?
For further information about RE Royalties Ltd, investors and stakeholders can contact Talia Beckett, VP of Communications, at (778) 374-2000 or via email at taliabeckett@reroyalties.com.
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