06:05 AM EDT, 06/20/2024 (MT Newswires) -- SIR Royalty Income Fund's (SRV-UN.TO) operating entity, SIR Corp., reported lower fiscal third-quarter adjusted net earnings due to higher cost of corporate restaurant operations.

SIR Corp. booked fiscal third-quarter adjusted net earnings of $0.7 million, down from $4.7 million.

Fiscal third-quarter net income and comprehensive income came in at $33 million, up from a net loss and comprehensive loss of $2 million.

Food and beverage revenue from corporate restaurant operations was $62.0 million, a slight decrease from $62.1 million.

SIR Royalty Income Fund's share price fell 1.2% to $12.75 on Wednesday.