Tricon Residential Inc. (TCN)
| Market Cap | 3.06B |
| Revenue (ttm) | 849.78M |
| Net Income (ttm) | 114.19M |
| Shares Out | 272.36M |
| EPS (ttm) | 0.41 |
| PE Ratio | 27.44 |
| Forward PE | 38.41 |
| Dividend | $0.17 (1.55%) |
| Ex-Dividend Date | Dec 28, 2023 |
| Volume | 36,621,820 |
| Open | 11.23 |
| Previous Close | 11.23 |
| Day's Range | 11.23 - 11.25 |
| 52-Week Range | 6.53 - 11.25 |
| Beta | 1.47 |
| Analysts | Hold |
| Price Target | 10.50 (-6.67%) |
| Earnings Date | May 10, 2024 |
About TCN
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]
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 $114.19 million, a decrease of -85.88%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for TCN stock is "Hold." The 12-month stock price forecast is $10.5, which is a decrease of -6.67% from the latest price.
News
KBRA Assigns Ratings to Tricon Residential 2024-SFR3
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns ratings to four classes of Tricon Residential 2024-SFR3 (TCN 2024-SFR3) single-family rental pass-through certificates. TCN 2024-SFR3 is a...
KBRA Assigns Preliminary Ratings to Tricon Residential 2024-SFR3
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of Tricon Residential 2024-SFR3 (TCN 2024-SFR3) single-family rental pass-through certificates. TCN 20...
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...
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...
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.
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...
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...
Why I Stopped Buying Real Estate (And Why You Should, Too)
I come from a lifelong real estate background. But I have completely stopped buying real estate. I explain why and present a better alternative for investors.
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...
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...
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...
Why I Stopped Buying Rental Properties To Buy REITs Instead Part 2
REITs are better investments than rental properties in most cases. REITs offer higher returns. Lower risk. More freedom. But there are important exceptions.
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) (...
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...
Billionaire Investor Is Buying REITs (And You Should Too)
Billionaire Stephen A. Schwarzman, CEO/co-founder of Blackstone, is bullish on REITs. He has been pouring 10s of billions into REITs via Blackstone. They just closed another buyout and I expect many m...
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.
Blackstone to spend $3.5 billion on buying a real estate company
Tricon Residential Inc (TSE: TCN) opened sharply up on Friday after Blackstone Inc (NYSE: BX) said it will buy the real estate company for about $3.5 billion. Details of Tricon-Blackstone agreement Th...
Blackstone to take Tricon Residential private for $3.5 billion
Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday.
Blackstone Real Estate to Take Tricon Residential Private
NEW YORK & TORONTO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that they have entered into an arrangement agre...
2 Of My Favorite Stocks For 2024
I don't invest just in REITs. I also invest in non-REIT stocks to diversify my portfolio. Here are 2 of my favorite stocks for 2024.
Canadian REITs Are Getting Interesting
Canadian REITs have not participated in the recent REIT rally, potentially leading to potential opportunistic cheapness. Canadian REITs are significantly cheaper than U.S. REITs, with lower cashflow m...
Tricon Residential: Attractive Set-Up Going Into 2024
Tricon Residential is primarily an owner/operator of single-family rental homes in the US Sun Belt. It has underperformed its peers due to its higher leverage, exposure to variable rate debt, and high...
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 Residential Inc. (TCN) Q3 2023 Earnings Call Transcript
Tricon Residential Inc. (NYSE:TCN) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET Company Participants Wojtek Nowak - Managing Director-Capital Markets Gary Berman - President and CEO W...