CEO Bernard Tan recently joined WTR CEO & Co-Founder Shawn Severson for a fireside chat. Mr. Tan discussed the company’s history, development, major landmarks over the last few years, and future opportunities. This report contains a transcript of the conversation, which can be accessed on demand. A link is accessible in our full report. RER is one of the first movers to leverage the royalty financing model and apply it to the renewable energy sector. Royalty financing allows renewable energy pro...
RE Royalties reported its 4Q23 results. During the conference call hosted by management, the company said it continues to see substantial new quality investment opportunities, including solar projects in Asia. The company also mentioned a potential “tidal wave” in EV battery charging and storage opportunities in North America. The company reported 4Q23 revenue of C$2.6 million, up 64.7% Y/Y. Finance income was the key driver, up C$1.1 million Y/Y to C$2.4 million during the quarter due to invest...
RE Royalties reported 2Q23 revenue of C$3.4 million, up 291.0% Y/Y from C$0.9 million in 2Q22. The company bought back the royalty from Teichos Energy and the loan repaid in the current quarter, driving a gain of $1.5 million in revenue. The company’s finance income has seen a decrease as a result of the repayment of the Teichos loan in May 2023 and no additional loan was advanced during the quarter. The company reported a gross profit of C$3.4 million, compared with C$0.8 million in 2Q22, prim...
In case you missed it, we recently hosted RE Royalties VP, Investments, Bryce Anderson for our Water Tower Hour podcast, covering several interesting topics, including: A general overview of Re Royalties covering the unique aspects of the business and strategy. A review of the economic and financial model and how the royalty model creates shareholder value. A look at a case study in the business model and how a project is identified and invested in. A review of the strategy for growth through 20...
RE Royalties reported 1Q23 revenue of C$1.8 million, up 229.1% Y/Y from C$0.6 million in 1Q22. The company’s finance income has seen an increase as a result of various secured loans advanced during the quarter. In addition, the company’s finance income now includes revenue from FC OCEP Invest LLC, beginning in 4Q22, which was earlier accounted for under the equity method. The company reported a gross profit of C$1.8 million, compared with C$0.5 million in 1Q22, primarily driven by higher finance...
RROYF recently completed a green bond raise, which is a unique investment instrument aligned with sustainable goals set by the United Nations. The company has raised a five-year senior secured C$18 million bond at a 9% coupon with quarterly interest payments, its third and largest raise so far, taking the YTD raise to C$40 million. RROYF benefits from an "ESG discount" that reduces its cost of capital and provides a great yield for bond investors. Capital raised through green bonds is used to fu...
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