2019 Performance Review
QSR Share Price Performance Since Inception
QSR's share price including dividends increased 26% in 2019 and
decreased 3% year-to-date in 20201
$80
$70
QSR share price performance from 6/19/2012 to 2/4/2020
1/23/19: QSR announces leadership
transition, elevating Daniel Schwartz to
Executive Chairman and Jose Cil to CEO
Share price
$60
$50
$40
$30
$20
T
$10
Jun-2012
8/24/14: QSR
announces acquisition
of Tim Hortons
Jul-2013
Aug-2014
2/1/17: QSR announces
acquisition of Popeyes
Sep-2015
Oct-2016
Nov-2017
$62
10/23/19 1/2/20: Pershing
Square purchases additional
~1 mm equity forwards
Jan-2019
Note: The performance of QSR's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds.
*Average cost since it merged with Justice Holdings. Please see the additional disclaimers and notes to performance results at the end of the presentation.
(1) As of 2/4/2020
43
$16*
Feb-2020View entire presentation