Tricon Residential Inc. (TCN)
| Market Cap | 2.48B |
| Revenue (ttm) | 819.08M |
| Net Income (ttm) | 207.62M |
| Shares Out | 272.99M |
| EPS (ttm) | 0.53 |
| PE Ratio | 17.17 |
| Forward PE | 32.18 |
| Dividend | $0.23 (2.55%) |
| Ex-Dividend Date | Dec 28, 2023 |
| Volume | 907,665 |
| Open | 9.14 |
| Previous Close | 9.21 |
| Day's Range | 9.09 - 9.18 |
| 52-Week Range | 6.53 - 9.56 |
| Beta | 1.41 |
| Analysts | Buy |
| Price Target | 9.65 (+6.04%) |
| Earnings Date | Nov 7, 2023 |
About TCN
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our developmen... [Read more]
Financial Performance
In 2022, TCN's revenue was $805.67 million, an increase of 62.24% compared to the previous year's $496.61 million. Earnings were $808.94 million, an increase of 81.68%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for TCN stock is "Buy." The 12-month stock price forecast is $9.65, which is an increase of 6.04% from the latest price.
News
KBRA Assigns Preliminary Ratings to Tricon Residential 2023-SFR2
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to four classes of Tricon Residential 2023-SFR2 (TCN 2023-SFR2) single-family rental pass-through certificates. TCN 2023-SFR2 is a s...
Tricon Reports Q3 2023 Results as Strong Property Fundamentals Continue
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
Tricon Announces Date for Third Quarter 2023 Results Conference Call
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
Tricon Reports Q2 2023 Results Driven by Strong Housing Fundamentals
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
Tricon Announces Date for Second Quarter 2023 Results Conference Call
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
Affordability strains in housing are benefiting single-family REITs, says Mizuho's Haendel St. Juste
Haendel St. Juste, senior REIT analyst at Mizuho Securities, joins 'The Exchange' to discuss areas of opportunity in the REIT sector, top names in gaming REITs, and more.
Tricon Prices $416 Million Securitization at Weighted Average Yield of 5.86%, Further Reducing Floating Rate Debt
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
KBRA Assigns Preliminary Ratings to Tricon Residential 2023-SFR1
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to five classes of Tricon Residential 2023-SFR1 (TCN 2023-SFR1) single-family rental pass-through certificates. TCN 2023-SFR1 is a s...
Tricon Announces Voting Results from Annual Meeting of Shareholders
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) , an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental a...
Large Investors Slowed Home Purchases by Late 2022
Large investors, who were buying homes and pricing out home buyers, are no longer investing in the housing market at a frenetic pace. Here's why and what it means for homebuyers.
Tricon Delivers Solid Q1 2023 Results and Reiterates Full-Year Guidance
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi- family rental a...
Tricon Announces Date for First Quarter 2023 Results Conference Call
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN; TSX: TCN), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
Tricon Residential Releases 2022 ESG Annual Report
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
Tricon Completes a Year of Record Growth and Delivers Strong Operational Results in Q4 2022
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental ap...
Tricon Announces Date for Fourth Quarter 2022 Results Conference Call
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of a growing portfolio of single-family rental homes in the U.S. Sun Belt and...
Strong SFR Fundamentals Drive Tricon's Q3 2022 Results
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...
Tricon Announces 2022 GRESB Results, Showcasing Leadership in Sustainability Initiatives
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...
Tricon Announces Resident Bill of Rights, a New Standard for Single-Family Rental Housing
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...
Tricon Completes the Sale of its Interest in U.S. Multi-family Portfolio for $315 Million of Proceeds
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...
Tricon Announces Normal Course Issuer Bid
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. ("Tricon" or the "Company") (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...
Tricon Announces Sale of its Interest in U.S. Multi-family Portfolio, Generating $315 Million of Proceeds to Reduce Debt and Fund Future Growth
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...
Tricon Announces Date for Third Quarter 2022 Results Conference Call
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...
3 Companies Growing Earnings Fast
The S&P 500 saw the earnings per share of its member companies increase by an average of 14.55% every year over the past five years ending in the first quarter of 2022. The index, which stood at 3,790...
Tricon Residential - Give Me Shelter
Tricon Residential Inc. ( TSX:TCN , Financial) ( TCN , Financial) is a fast growing single-family rental (SFR) operator owning over 33,000 homes located primarily in the U.S. sunbelt. Tricon also oper...
Tricon Reports Solid Q2 2022 Results Driven by Strong SFR Fundamentals and Fee Income
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes and multi-family rental apartments in the Unite...