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Restaurant Brands International QSR RH — Property revenues

Other segment segments

TH
$146M+6.6%
BK
$56M+7.7%
PLK
$3M-25.0%
FHS
$0
INTL
$0-100%

Similar metrics at other companies

Yum! Brands logo
YUMProperty Revenues — Revenue
$25M+4.2%
EAT
EATRental income
$300K0.0%
Dine Brands Global logo
DINRental revenues
$26.8M-0.7%
Dine Brands Global logo
DINRental Segment — Revenue
$26.8M-0.7%
Dine Brands Global logo
DINRental income
$26.2M-0.4%
Yum! Brands logo
YUMFranchise and property revenues — Revenue
$856M+9.0%

Other financials

Income statement

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Revenue$2.3B+7.3%
Gross profit$1.1B+8.9%
Operating income$606.0M+39.3%
Net income$445.0M+101%
EPS (diluted)$0.97+98.0%

Balance sheet

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Cash & equivalents$1.0B+12.6%
Total debt$15.6B-1.5%
Total equity$3.7B+20.1%
Total assets$24.9B0.0%

Cash flow

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Operating cash flow$227.0M+92.4%
CapEx$58.0M-9.4%
Free cash flow$169.0M+213%

Valuation

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Market cap$25.79B+20.2%
Enterprise value$40.43B+11.2%
P/E19.9×+2.0×
P/S2.7×+0.3×

Profitability

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Gross margin65.3%+0.9pp
Operating margin24.7%-1.6pp
Net margin13.5%-1.7pp
FCF margin16.3%+2.2pp

Returns & leverage

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Return on equity37.9%-6.1pp
Debt / equity4.2×-0.9×
Current ratio0.0×

Where this comes from

Reported directly by Restaurant Brands International in its filing.

Tagged under the XBRL concept us-gaap:LeaseIncome.

The official record: Restaurant Brands International’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Restaurant Brands International's RH — property revenues?
Restaurant Brands International (QSR) reported RH — property revenues of $0 in Q1 2026.
What does RH — property revenues mean?
This metric represents the income generated from leasing or subleasing restaurant properties to franchisees within a specific business segment. It reflects the company's ability to monetize its real estate portfolio as a landlord to its operating partners. This is a key component of the franchise business model where the franchisor controls the underlying real estate assets.