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Tricon Residential Inc

Tricon Residential Inc (TCN)

11.23
0.01
(0.09%)
Closed April 28 4:00PM
11.23
0.00
(0.00%)
After Hours: 4:48PM

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Key stats and details

Current Price
11.23
Bid
-
Ask
-
Volume
23,953,230
11.22 Day's Range 11.24
6.525 52 Week Range 11.24
Market Cap
Previous Close
11.22
Open
11.22
Last Trade
10
@
11.2499
Last Trade Time
Financial Volume
$ 269,041,769
VWAP
11.232
Average Volume (3m)
6,159,439
Shares Outstanding
293,946,205
Dividend Yield
2.07%
PE Ratio
39.54
Earnings Per Share (EPS)
0.39
Revenue
1.06B
Net Profit
114.19M

About Tricon Residential Inc

Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 29000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform... Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 29000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform. Show more

Sector
Investment Advice
Industry
Investment Advice
Headquarters
Toronto, Ontario, Can
Founded
1970
Tricon Residential Inc is listed in the Investment Advice sector of the New York Stock Exchange with ticker TCN. The last closing price for Tricon Residential was $11.22. Over the last year, Tricon Residential shares have traded in a share price range of $ 6.525 to $ 11.24.

Tricon Residential currently has 293,946,205 shares outstanding. The market capitalization of Tricon Residential is $4.52 billion. Tricon Residential has a price to earnings ratio (PE ratio) of 39.54.

TCN Latest News

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

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

Suspension de la négociation par l'Organisme canadien de réglementation des investissements - TCN

Suspension de la négociation par l'Organisme canadien de réglementation des investissements - TCN Canada NewsWire TORONTO, le 12 avril 2024 TORONTO, le 12 avril 2024 /CNW/...

Canadian Investment Regulatory Organization Trading Halt - TCN

Canadian Investment Regulatory Organization Trading Halt - TCN Canada NewsWire TORONTO, April 12, 2024 TORONTO, April 12, 2024 /CNW/ - The following issues have been halted by CIRO: Company:...

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

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that the Ontario Superior Court of Justice (Commercial List) has granted a final order approving its...

Tricon Shareholders Approve Proposed Take Private by Blackstone Real Estate

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 (“Company Shareholders”...

Tricon Residential Releases 2023 Annual Sustainability Report

Annual Sustainability Report Underscores Tricon’s Commitment to Resident Satisfaction, Employee Wellbeing and Environmental Stewardship Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or...

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

• Company Shareholders are reminded to submit their proxies before the proxy voting deadline on Tuesday, March 26, 2024 at 10:00 am (Toronto time). • The Board of Directors of Tricon recommends...

Tricon Reports Strong Q4 2023 Results

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-family rental apartments...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.151.3537906137211.0811.2411.011006663611.16993773CS
40.080.71748878923811.1511.249.45942276611.09154926CS
120.21.8132366273811.0311.249.45615943911.09357118CS
264.566.86478454686.7311.246.525534036310.71892292CS
523.4444.15917843397.7911.246.525309333710.33354058CS
156-1.27-10.1612.517.236.525172067110.4328252CS
260-1.27-10.1612.517.236.525172067110.4328252CS

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TCN Discussion

View Posts
crudeoil24 crudeoil24 2 months ago
Nice! I originally saw 60 Minutes interview. We're going higher!
👍️0
PennyPusher786 PennyPusher786 2 months ago
Check this out...

https://www.instagram.com/reel/C2pyrU4OJgh/?igsh=NDduZGhjYTVpb3hj
👍️0
crudeoil24 crudeoil24 2 years ago
Price target raised to C$22.50/Share from C$20.00 by BMO Capital Markets
👍️0
crudeoil24 crudeoil24 2 years ago
In @ 16.61 > LET'S GO TCN!
👍️0
crudeoil24 crudeoil24 2 years ago
Positive trends continued into the new year, with same home rent growth of 8.3% in January 2022, including 19.1% growth on new leases and 6.3% growth on renewals, while the same home occupancy increased to 97.9%. The steady pace of acquisitions is expected to continue into 2022, with management forecasting approximately 1,800 to 2,000 home acquisitions in Q1 2022.
👍️0
crudeoil24 crudeoil24 2 years ago
Same home Net Operating Income ("NOI") for the single-family rental business grew by 10.3% year-over-year and same home NOI margin increased by 0.8% to 68.3%. Same home occupancy increased by 0.3% year-over-year to 97.6%, and blended rent growth was 8.8% (comprised of new lease rent growth of 19.1% and renewal rent growth of 5.7%). In addition, Tricon's continued focus on resident retention led to a record-low annualized same home turnover rate of 16.3%;1
👍️0
crudeoil24 crudeoil24 2 years ago
According to CEO Berman, in order to satisfy the “insatiable demand” currently seen in the housing market, Tricon Residential is going to focus on doubling its single-family rental holdings.

“Right now, we own about 25,000 single family homes throughout the Sun Belt. We want to double that to 50,000 homes over the next three years,” he said. “And really, at the end of the day, there's so much demand for what we're doing. It's a high-class problem.”
👍️0
crudeoil24 crudeoil24 2 years ago
TRICON was on CBS > 60 Minutes:

Would-be home buyers may be forced to rent the American dream, rather than buy it - 60 Minutes - CBS News

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.cbsnews.com/news/rising-rent-prices-60-minutes-2022-03-20/&ved=2ahUKEwjD3tqJh9b2AhVEYjUKHZ3-CpcQFnoECAcQAQ&usg=AOvVaw2fqIJB0iTbFj_oKohVrlr2
👍️0
UpTickMeA$AP UpTickMeA$AP 2 years ago
Tricon Residential is a Canadian real estate company. The company invests in single-family rental and multi-family rental homes, and owns about 31,000 properties across the United States and Canada. As of February 2021, the company had about $8.2 billion of assets under management.


https://seekingalpha.com/article/4496261-zillows-hottest-housing-markets-2022-tricon-residential-is-on-target


https://www.businesswire.com/news/home/20220302005927/en/Tricon-Completes-Breakout-Year-with-Strong-Q4-2021-Financial-Results-and-Operating-Metrics


https://finance.yahoo.com/news/tricon-american-homes-2017-sfr2-133607058.html
👍️0

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