Tricon Residential Inc. (TCN)

NYSE: TCN · IEX Real-Time Price · USD
8.96
+0.31 (3.58%)
At close: Oct 3, 2022 4:00 PM
9.26
+0.30 (3.35%)
After-hours: Oct 3, 2022 7:49 PM EDT
3.58%
Market Cap 2.47B
Revenue (ttm) 590.72M
Net Income (ttm) 904.15M
Shares Out 275.83M
EPS (ttm) 2.86
PE Ratio 3.13
Forward PE 25.91
Dividend $0.54 (6.03%)
Ex-Dividend Date Sep 29, 2022
Volume 1,098,087
Open 8.75
Previous Close 8.65
Day's Range 8.70 - 9.05
52-Week Range 8.44 - 17.23
Beta 1.34
Analysts Buy
Price Target 14.29 (+59.5%)
Earnings Date Nov 7, 2022

About TCN

Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. Tricon owns and operates approximately 31,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform. More information about Tricon is available at www.triconresidential.com. [Read more...]

Industry Real Estate Services
IPO Date Oct 7, 2021
Employees 968
Stock Exchange NYSE
Ticker Symbol TCN
Full Company Profile

Financial Performance

In 2021, TCN's revenue was $492.44 million, an increase of 22.78% compared to the previous year's $401.07 million. Earnings were $445.26 million, an increase of 292.91%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for TCN stock is "Buy." The 12-month stock price forecast is 14.29, which is an increase of 59.49% from the latest price.

Price Target
$14.29
(59.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 operat...

4 days ago - GuruFocus

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 United ...

1 month ago - Business Wire

Tricon Announces Date for Second 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 United ...

2 months ago - Business Wire

Tricon Announces Voting Results from Annual and Special Meeting of Shareholders

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 United ...

3 months ago - Business Wire

Tricon Launches Market-Leading Down Payment Assistance Program, Expands Environmental Sustainability Initiatives and ...

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 United ...

3 months ago - Business Wire

7 Cheap Stocks to Buy for June 2022

Stocks are still getting cheaper, but the fact is there are some cheap stocks out there that are doing well and are still bargains. The post 7 Cheap Stocks to Buy for June 2022 appeared first on Investo...

Other symbols: CPGCPSSGTEPANLTGA
4 months ago - InvestorPlace

Tricon Reports Strong Q1 2022 Results and Updates 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 and multi-family rental apartments in the United ...

4 months ago - Business Wire

Tricon Announces Date for First 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 United ...

5 months ago - Business Wire

Tricon to Present at the Citi 2022 Global Property CEO Conference

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 United ...

7 months ago - Business Wire

Tricon Completes Breakout Year with Strong Q4 2021 Financial Results and Operating Metrics

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 United ...

7 months ago - Business Wire

Johnson Development Announces Promotion of Michael J. Smith to President and Chief Executive Officer

HOUSTON--(BUSINESS WIRE)--Johnson Development Corp., a leading residential and commercial land development company, has appointed Michael J. Smith President and CEO.

7 months ago - Business Wire

Tricon Announces Date for Year-End 2021 Results Conference Call

TORONTO, Jan. 31, 2022 /PRNewswire/ - 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 i...

8 months ago - PRNewsWire

Tricon Residential Launches Tricon Vantage Program to Help Residents Enhance their Financial Wellbeing

TORONTO, Jan. 26, 2022 /PRNewswire/ - 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 i...

8 months ago - PRNewsWire

Tricon Announces Plans to Deliver Over 3,000 New Build-to-Rent Homes Across 23 Communities to Satisfy Growing Demand ...

TORONTO, Nov. 23, 2021 /PRNewswire/ - Tricon Residential Inc. (TSX: TCN) (NYSE: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes and multi-family rental apartments i...

10 months ago - PRNewsWire