04:48 PM EDT, 03/10/2025 (MT Newswires) -- Alaris Equity Partners Income Trust (AD-UN.TO), after trade Monday, said its fourth-quarter profit fell by more than half compared to a year earlier, primarily due to the timing of net gains from Partner investments, but it beat its outlook on revenue for the period and said it is "well positioned to withstand the anticipated economic impact of the US and Canadian tariffs."

For Q4, the company earned C$0.36 per share, down from C$0.95 per share.

In Q4, the Trust together with its wholly-owned subsidiaries earned C$46.9 million of revenue from Partners, C$46.3 million in Partner Distributions net of foreign exchange and C$0.6 million of third party transaction and management fee revenue, coming ahead of previous outlook of C$38.9 million.

The company added that it expects total revenue from its Partners in Q1 2025 of about $42.5 million.

"We believe that we are well positioned to withstand the anticipated economic impact of the US and Canadian tariffs. 90% of our investments are in American companies doing business strictly in the US. They are also service companies that do not rely on importing or exporting any products. Having 90% of our revenue and assets in US dollars also puts us in a good position if the Canadian dollar continues to weaken," Alaris President said.

Alaris closed down $0.28 or 1.5% at $18.61.