05:34 PM EDT, 05/09/2024 (MT Newswires) -- SIR Royalty Income Fund (SRV-UN.TO) Thursday reported first-quarter financial results.

For the first quarter: Pooled Revenue totaled $60.5 million compared to $61.4 million for the three months ended March 31, 2023; Royalty income in the SIR Royalty Limited Partnership was $3.6 million, compared to $3.7 million in Q1 2023.

Equity income from the Partnership, which represents the Fund's pro rata share of the residual distributions of the Partnership, was $2.5 million, compared to $2.5 million in Q1 2023.

"We further enhanced our restaurant portfolio during the quarter, completing renovations to two Jack Astor's restaurants, opening a new Scaddabush in Toronto's Don Mills neighbourhood and developing the new Edna + Vita fine dining Italian restaurant in downtown Toronto, which is an exciting new brand for us.," said Peter Fowler, chief executive of SIR Corp, in a statement. "We also strengthened the Royalty Pool during the quarter with the addition of our Scaddabush location in Whitby, Ont. in January."