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TSE:BPF.UN

Boston Pizza Royalties (BPF.UN.TO)

24.36
+0.30 (1.25%)
as of Jun 12, 2026, 8:00:00 pm Market Open.
111 watching
0
Investor Insights
star iconJun 12, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Boston Pizza Royalties (BPF.UN) is identified as a small company, contrasting with larger, more established entities like Fortis (FTS). Despite its size, the company recently increased its distribution, indicating positive management actions and a commitment to returning value to shareholders. BPF.UN currently offers an attractive yield of 6.57%, making it a potentially good investment for those focused on income generation. However, investors are advised to limit their positions size due to the inherent risks associated with smaller firms. Overall, it appears to be a viable option for diversifying an income-oriented portfolio, especially for those willing to embrace a modest investment in a smaller stock.

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Consensus
Positive
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Valuation
Undervalued
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Similar
Pizza Pizza, PZA
DON'T BUY
Management are selling some shares. They will be faced with taxes in 2011 at 26-30%.
HOLD
Likely to cut payout by 30%-35% when they convert to a corporation. Expect they have had shrinkage but are still earning their distributions. Still likes the underlying business.
HOLD
Very solid management team. Names like this are going to be under some pressure as it is not high-end or low like McDonald's. Decent balance sheet.
DON'T BUY
The problem with this and a lot of other restaurant royalty/income trust is the moving towards conversion time. They basically have 24 months to resolve how they are going to restructure. His fear is that until that is done, these are dead money.
DON'T BUY
Casual dining. Will have to change their structure in 2011. Some new stores are cannibalizing some of the older ones. Prefers others such as Pizza Pizza (PZA.UN-T).
BUY
Restaurant sector in North America has been hurting. Same-store sales growth in this company continues to be positive. Has shrunk for now and will probably stay on the low level until the economy starts to pick up. Great franchise.
TOP PICK
A trust that never recovered from the government's taxation on income trusts. The best restaurant income trust. They have the best same-store sales growth. In a sweet spot that when customers feel good about themselves they trade up from fast food but when the economy starts to slow, they trade down from fancier restaurants. Almost 12% distribution.
COMMENT
Good trust for current economic conditions. Doesn't know what their strategy is, i.e. converting to a corporate structure or leaving it in the current format. If they convert, will their cash flow increase sufficiently that the increase between now and 2011 will more than offset the tax implementations.
BUY
Very capable management team. Market is worried if the growth pattern is sustainable in the present economic environment. Excellent royalty trust if you want to be in the restaurant space, but you may see some weakness in same-store sales growth. 11.5% distribution should be safe and continue after 2011 changes in trusts.
BUY
He’s quite positive at these levels. Has a concentration in western Canada.
DON'T BUY
Has always been one of the highest value names because it is recognized as an almost pure Western Canada play. Have enjoyed some of the highest same-store sales growth because of the Western economy. However, a lot of that has already been reflected in the price.
BUY
Resturant royalty trusts are a beautiful thing. You won't find a better more stable cash flow anywhere. He will buy at $15.10 He thinks they are fairly valued but will be rock solid during the coming turbulence.
DON'T BUY
Royalty trust where they earn royalties on sales on the underlying restaurant. One of the fastest-growing franchise restaurant brands in Canada. Expects this will continue, but same-store sales growth has been slowing. Expensive relative to their peers. Cautious on what the tax impact is going to be going out to 2011.
BUY
Very solid management team. Tremendous amount of restaurants across Canada. Growth pattern is going to continue to be very good.
BUY
A spectacularly successful company that is in a growth mode. Very well-run.
Showing 31 to 45 of 64 entries