Alaris Equity Partners Income Trust reports after the market closes on November 4. Two analysts expect EPS of C$0.63 for the quarter ended September 30. The trust has beaten estimates in three of its last four reported quarters, though last year’s unusually strong results make this year’s comparison steep.
Alaris Equity Partners Income Trust (TSX: AD-UN), also known as AD-UN.TO, is scheduled to report its fiscal third-quarter results after the market closes on November 4, 2026. The consensus estimate is C$0.63 in EPS and C$61.4 million in revenue, based on two analysts. The EPS estimate has risen from C$0.55 over the past 30 days, with both tracked revisions moving higher. Even so, it implies a 64.2% year-over-year decline, while revenue is expected to grow 7%.
Recent earnings trend
Alaris Equity Partners Income Trust
AD-UN.TO
AD-UN.TO
Alaris Equity Partners Income Trust
WealthAwesomeMarket cap
$1.17B
P/E
7.0x
Div. yield
6.29%
Div. / share
$1.46
52W high
$25.87
52W low
$17.60
1W change
-0.90%
Beta
1.41
Analyst Price Targets
Based on analyst covering AD-UN · as of Oct 26, 2026
Wall Street analysts forecast AD-UN stock price to rise 28.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$29.71
+28.7% Upside
Previously C$29.79 on Sep 30, 2026
Current Price
C$23.08
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AD-UN's historical volatility
30-Day Vol
9.4%
Annualized
90-Day Vol
16.1%
Annualized
Trend (90d)
-27.6%
Annualized drift
90d Mean
C$21.06
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$22.49 | C$21.77 – C$23.23 |
| 60 trading days | C$21.76 | C$20.79 – C$22.78 |
| 90 trading days | C$21.06 | C$19.91 – C$22.27 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | — | 0.7900 | — |
| 2026-06-30 | 2026-08-06 | 0.6900 | 0.4100 | +68.3% |
| 2026-03-31 | 2026-05-06 | 0.6900 | 0.4700 | +46.8% |
| 2025-12-31 | 2026-03-09 | -0.1200 | 0.4200 | -128.6% |
| 2025-09-30 | 2025-11-05 | 1.7600 | 0.6600 | +166.7% |
| 2025-06-30 | 2025-08-07 | 0.5900 | -0.1500 | +493.3% |
Investor takeaway: The report will show whether Alaris can maintain recent earnings momentum despite a tough year-over-year comparison. The trust beat estimates in three of its last four quarters, including EPS of C$0.69 versus estimates of C$0.41 and C$0.47 in its two most recent reports. But the current consensus comes from just two analysts, and last year’s EPS of C$1.76 makes the expected decline harder to interpret. Investors may also want to consider how recent investment and financing activity affects results, rather than judging the trust’s ability to support its distribution by an EPS surprise alone.
C$0.63 EPS consensus
Two analysts expect EPS of C$0.63 for the September quarter, up from C$0.55 a month ago. That estimate is still 64.2% below the year-ago result of C$1.76, making the comparison base an important part of the story.
Bull case
Alaris’s recent results offer some reason for optimism. The trust reported EPS of C$0.69 in each of the first two quarters of 2026, well above estimates. In its August Q2 release, Alaris also reported that net distributable cash flow rose 41.8% year over year, net book value reached a record C$25.83 per unit, and its year-to-date payout ratio was 58%.
Alaris also announced a US$95 million investment in Nexus Enterprises, raised C$115 million through a bought deal and increased its quarterly distribution to C$0.39. If the new investment performs as expected and the financing proceeds help reduce debt, the results could show that the trust can continue to support distributions and growth.
Bear case
The consensus points to a sharp EPS decline from a year ago. Alaris has also had a significant miss: for the quarter ended December 2025, it reported a loss of C$0.12 per unit against an estimate of C$0.42.
The recent unit offering increased the number of units outstanding, and Alaris said it would use some of the proceeds to repay credit-facility debt. Investors will want to see how the new capital, debt repayment and investment returns affect results per unit. With only two analysts contributing to the consensus, coverage is limited, even if the estimate itself looks precise.
Analysis
For the quarter ended September 30, analysts expect EPS of C$0.63 and revenue of C$61.4 million. The EPS estimate is up from C$0.55 a month ago, following two upward revisions and no downward revisions. Revenue consensus implies 7% growth, while EPS is expected to fall 64.2% year over year. That decline reflects a tough comparison: Alaris reported EPS of C$1.76 in the year-ago quarter. The reported results, not the percentage change alone, will help show whether earnings and cash generation remain on track. For company background and market data, see the Alaris Equity Partners stock page.
Analysis
Alaris has beaten estimates in three of its last four reported quarters. In its two most recent reports, it posted EPS of C$0.69 against estimates of C$0.41 and C$0.47. The recent earnings trend table summarizes that record, but the year-over-year comparison remains a challenge.
In its August Q2 release, Alaris reported that net distributable cash flow rose 41.8% year over year, net book value reached a record C$25.83 per unit, and estimated run-rate revenue was C$208.4 million. Its year-to-date payout ratio was 58%. Since then, the trust has announced a US$95 million investment in Nexus Enterprises and completed a C$115 million bought deal. Some of the proceeds are intended to repay credit-facility debt. In the new report, investors can look at results per unit, cash flow and the effects of this financing activity.
Analysis
Alaris declared a quarterly distribution of C$0.39 per unit, or C$1.56 annualized. Based on the supplied last close of C$23.08, the stated yield is 6.29%. Distributions are not guaranteed, so investors should assess coverage using reported cash-flow figures.
The unit price was below its 50-day and 200-day moving averages in the supplied data. Analyst targets and statistical forecasts offer different perspectives, but neither guarantees future earnings. The analyst ratings and price targets show an average target of C$29.71. The Wealth Awesome price forecast is based on a statistical model and is not financial advice. The upcoming report may help investors judge whether recent operating momentum and new investments support cash generation per unit.
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