What was the per unit cash distribution paid by Aplus on May 22, 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
0 | 75 % | 25 % | | Thereafter | Above $0.656250 | 50 % | 50 % |
Cash Distributions
Our Partnership Agreement sets forth the calculation used to determine the amount and priority of cash distributions that the common unitholders receive.
Cash distributions paid or to be paid were as follows:
| Payment Date | Per Unit Distribution | Total Cash | Distribution to IDR | |
|---|---|---|---|---|
| Distribution | Holders | |||
| February 19, 2021 | $ 0.8255 | $ 69 | $ 18 | |
| May 19, 2021 | 0.8255 | 69 | 18 | |
| August 19, 2021 | 0.8255 | 69 | 18 | |
| November 19, 2021 | 0.8255 | 69 | 18 | |
| February 18, 2022 | 0.8255 | 69 | 18 | |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the per unit distribution paid on May 22, 2023 was $0.8420. The total cash distribution for that period was $71, with $19 distributed to IDR (Incentive Distribution Rights) holders. This information is part of a table detailing the cash distributions made by Aplus over several quarters.
These distributions are part of Aplus's overall financial strategy, as further detailed in the FDD. For instance, the cash distribution to unitholders, including incentive distributions, was $(371) for the year ended December 31, 2023. This figure is part of a broader overview of the company's balance sheet, which shows a balance of $978 at the end of 2023.
The cash distributions are determined according to the Partnership Agreement, which sets forth the calculation used to determine the amount and priority of cash distributions that the common unitholders receive. The minimum quarterly distribution target amount is $0.4375 per common unit, with 100% going to unitholders. Understanding these distributions is crucial for prospective franchisees as it reflects the potential return on investment and the financial health of Aplus.