Tricon Residential Inc. (TSX: TCN)

Canada flag Canada · Delayed Price · Currency is CAD
15.34
-0.12 (-0.78%)
May 2, 2024, 4:00 PM EDT
43.10%
Market Cap 4.18B
Revenue (ttm) 1.17B
Net Income (ttm) 160.60M
Shares Out 296.79M
EPS (ttm) 0.41
PE Ratio 27.39
Forward PE 14.58
Dividend 0.17 (1.13%)
Ex-Dividend Date Dec 28, 2023
Volume n/a
Open 15.41
Previous Close 15.46
Day's Range 15.34 - 15.57
52-Week Range 9.03 - 15.57
Beta 1.47
Analysts n/a
Price Target 12.00 (-21.77%)
Earnings Date May 7, 2024

About Tricon Residential

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Toronto, 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 in Toronto, Canada through our technology-enabled operating platform and dedicated on-the-ground... [Read more]

Sector Real Estate
Founded 1988
Country Canada
Stock Exchange Toronto Stock Exchange
Ticker Symbol TCN
Full Company Profile

Financial Performance

In 2023, TCN's revenue was $849.78 million, an increase of 5.47% compared to the previous year's $805.67 million. Earnings were $121.82 million, a decrease of -85.04%.

Financial numbers in USD Financial Statements

News

Blackstone Real Estate Completes Privatization of Tricon

NEW YORK & TORONTO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced the closing of the previously-announced statuto...

22 days ago - Business Wire

Tricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real Estate

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced receipt of Investment Canada Act approval in connection with the previously announce...

4 weeks ago - Business Wire

Tricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real Estate

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real Estate.

6 weeks ago - Business Wire

Tricon Shareholders Approve Proposed Take Private by Blackstone Real Estate

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) is pleased to announce that at its special meeting (“Meeting”) of shareholders of the Company (“Comp...

2 months ago - Business Wire

Tricon Residential Releases 2023 Annual Sustainability Report

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the “Company”), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-famil...

2 months ago - Business Wire

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Tricon Shareholders Vote FOR the Arrangement Resolution Approving Transaction with Blackstone Real Estate

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Servi...

2 months ago - Business Wire

Tricon Reports Strong Q4 2023 Results

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-famil...

3 months ago - Business Wire

TRICON RESIDENTIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tricon Residential Inc. - TCN

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tricon Residenti...

3 months ago - Business Wire

Tricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special Meeting

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that on February 15, 2024, the Ontario Superior Court of Justice (Commercial List) (...

3 months ago - Business Wire

Tricon Announces Date for Fourth Quarter 2023 Earnings Release

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-famil...

3 months ago - Business Wire

TRICON RESIDENTIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tricon Residential Inc. - TCN

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tricon Residenti...

3 months ago - Business Wire

Home rental REITs advance after Blackstone-Tricon deal

Blackstone's acquisition of Tricon Residential boosts rental housing REITs, with shares surging and analysts giving a buy recommendation.

4 months ago - Seeking Alpha

Why TransCode Therapeutics Shares Are Trading Lower By Over 24%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of TransCode Therapeutics, Inc. (NASDAQ: RNAZ) fell sharply during Friday’s session. TransCode Therapeutics priced a 5,942,623 share common stock offering at $1.22 per share. TransCode Therape...

4 months ago - Benzinga

Blackstone's Real Estate Power Move: Takes Tricon Residential Private

Blackstone's acquisition of Tricon Residential at $11.25 per ... Full story available on Benzinga.com

4 months ago - Benzinga

Dow Jumps 150 Points; US Consumer Sentiment Surges In January

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 150 points on Friday. The Dow traded up 0.41% to 37,621.27 while the NASDAQ rose 0.66% to 15,154.43. The S&P 5...

4 months ago - Benzinga

Tricon Residential, Paramount Group, Ucommune International in real estate movers

Blackstone's acquisition of Tricon Residential boosts the stock by 28%, while Real Brokerage and Paramount Group also gain 6%.

4 months ago - Seeking Alpha

Tricon's stock rallies 28% on $3.5 billion buyout deal by Blackstone

Tricon Residential Inc.'s stock jumped 28% on Friday after Blackstone Inc. said it would buy the Canadian real-estate-investment company and take it private for $3.5 billion.

4 months ago - Market Watch

World Acceptance Posts Upbeat Earnings, Joins Kaman, Spirit Airlines And Other Big Stocks Moving Higher On Friday

U.S. stocks traded higher, with the Dow Jones index gaining around 50 points on Friday. Shares of World Acceptance Corporation (NASDAQ: WRLD) rose sharply during Friday’s session following upbeat qua...

4 months ago - Benzinga

Financials Company Blackstone Announces Acquisition of Tricon Residential

Blackstone (NYSE: BX) has announced an acquisition of Tricon Residential (TSX: TCN) that is expected to be completed in Q2 of 2024. Under the terms of the agreement, Blackstone has agreed to give Tr...

4 months ago - Benzinga