Alaris Equity Partners Income Trust (OTCPK:ADLRF)

Q2 2026 Alaris Equity Partners Income Trust Earnings Call Transcript

Aug 7, 2026 / 03:00 PM GMT

Release Date Price: $18.56 (+2.26%)

Transcript

Key Points

Positve

Total partner revenue of $50.6 million came in 5.6% ahead of guidance, with total revenue and operating income up 25% year-over-year.
Net distributable cash flow increased 42% in Q2 and 21% year-to-date, with the payout ratio improving to 58% from 65%.
Net book value per unit reached a record $25.83, driven by $10.8 million in unrealized fair value gains, including strong performance from Fleet and Quebec.
The portfolio expanded to a record 25 partners with $126 million deployed in 2026, including investments in Cubic and Tesco, and the run-rate revenue estimate increased to $208 million.
The weighted average earnings coverage ratio remains strong at 1.5x, with 84% of preferred distributions from partners with coverage above 1.2x, and 16 of 25 partners have senior debt at or below 1x EBITDA.

Negative

Common distributions were below the prior year in Q2, though this was attributed to timing, as Q2 is typically the lightest quarter for such distributions.
GWM is expected to have 'off and on' payments through the rest of the year due to tight bank covenants, with potential for continued deferrals.
Some portfolio companies, particularly in the Boston region, are experiencing softer demand due to political factors affecting construction-related activities.
The fair value of McCoy decreased due to a quieter storm season in the first half of the year.
The payout ratio is sensitive to foreign exchange rates, and the company remains conservative on dividend hikes, preferring to wait for significant deployment events.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AD_u.TO - Alaris Equity Partners Income Trust
Q2 2026 Alaris Equity Partners Income Trust Earnings Call
Aug 07, 2026 / 03:00PM GMT

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Presentation
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Come to the second quarter 2026 earnings relief office card.

At this time, all participants on the listen-only mode.

After the speaker's presentation, there'll be a question-and-answer session to ask a question during the session, you will need to press 11 on your telephone, you will then hear an automated message advising your hand is raised.

Please be advised that today's conference is being recorded.

I would now like to end the conference over to your first speaker today, Amanda Fraser, Chief Financial Officer, please go ahead.

Thank you, Olivia.

Good morning and thank you for joining us today to discuss our second quarter 2026 financial

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