Boston Pizza Royalties Income Fund

TSX:BPF.UN Stock Report

Market Cap: CA$597.8m

Boston Pizza Royalties Income Fund Past Earnings Performance

Past criteria checks 3/6

Boston Pizza Royalties Income Fund's earnings have been declining at an average annual rate of -0.2%, while the Hospitality industry saw earnings growing at 6.5% annually. Revenues have been growing at an average rate of 9.3% per year. Boston Pizza Royalties Income Fund's return on equity is 16.6%, and it has net margins of 91.8%.

Key information

-0.20%

Earnings growth rate

0.12%

EPS growth rate

Hospitality Industry Growth5.96%
Revenue growth rate9.25%
Return on equity16.55%
Net Margin91.82%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article • Oct 13

Boston Pizza Royalties Income Fund (TSE:BPF.UN) Has Affirmed Its Dividend Of CA$0.107

The board of Boston Pizza Royalties Income Fund ( TSE:BPF.UN ) has announced that it will pay a dividend of CA$0.107...
Analysis Article • Aug 11

Boston Pizza Royalties Income Fund's (TSE:BPF.UN) Dividend Will Be CA$0.107

Boston Pizza Royalties Income Fund's ( TSE:BPF.UN ) investors are due to receive a payment of CA$0.107 per share on...

Revenue & Expenses Breakdown

How Boston Pizza Royalties Income Fund makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:BPF.UN Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26524820
31 Dec 25524220
30 Sep 25513820
30 Jun 25513720
31 Mar 25503020
31 Dec 24503220
30 Sep 24493120
30 Jun 24492620
31 Mar 24493120
31 Dec 23493010
30 Sep 23493120
30 Jun 23493510
31 Mar 23482410
31 Dec 22453110
30 Sep 22433710
30 Jun 22423310
31 Mar 22383910
31 Dec 21353710
30 Sep 21334410
30 Jun 21323810
31 Mar 21303810
31 Dec 20331010
30 Sep 2036-1510
30 Jun 2038-710
31 Mar 2044-610
31 Dec 19452310
30 Sep 19452610
30 Jun 19462010
31 Mar 19461710
31 Dec 1846910
30 Sep 18451710
30 Jun 18452110
31 Mar 18452310
31 Dec 17452710
30 Sep 17442910
30 Jun 17443410
31 Mar 17443610
31 Dec 16443810
30 Sep 16443810
30 Jun 16442410
31 Mar 16432410
31 Dec 15411910
30 Sep 15381310
30 Jun 15342110

Quality Earnings: BPF.UN has a large one-off gain of CA$21.9M impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: BPF.UN's current net profit margins (91.8%) are higher than last year (59.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BPF.UN's earnings have declined by 0.2% per year over the past 5 years.

Accelerating Growth: BPF.UN's earnings growth over the past year (61.4%) exceeds its 5-year average (-0.2% per year).

Earnings vs Industry: BPF.UN earnings growth over the past year (61.4%) exceeded the Hospitality industry 48.8%.

Return on Equity

High ROE: BPF.UN's Return on Equity (16.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 11:39
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Boston Pizza Royalties Income Fund is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nick CorcoranAcumen Capital Finance Partners Limited
Tal WoolleyRBC Capital Markets
Turan QuettawalaScotiabank Global Banking and Market