Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
Company Contact | |
Address: | 7 ST. THOMAS STREET, SUITE 801 TORONTO ON M5S 2B7 |
Tel: | N/A |
Website: | https://www.triconresidential.com |
IR: | See website |
Key People | ||
David Berman Executive Chairman of the Board, Co-Founder | Thomas Walsh General Counsel, Property Operations | Gary Berman President, Chief Executive Officer, Director |
Geoff Matus Co-Founder, Non-Independent Director | Wissam Francis Chief Financial Officer, Executive Vice President | Kevin Baldridge Chief Operating Officer, Executive Vice President |
Sherrie Suski Chief People Officer, Executive Vice President | David Veneziano Executive Vice President, Chief Legal Officer | Sandra Pereira Senior Vice President, Head of Tax Services | Gina McMullan Chief Accounting Officer |
Business Overview |
Tricon Residential Inc. is an owner, operator, and developer of a portfolio of approximately 38,000 single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. The Company provides rental housing options for families across the United States and Canada through its technology-enabled operating platform and on-the-ground operating teams. The Company's segments include Single-Family Rental, Adjacent Businesses, and Strategic Capital. The Single-Family Rental business includes owning and operating single-family rental homes primarily within major cities in the United States Sun Belt. Its Adjacent Businesses include multi-family rental and residential development. Its multi-family rental business segment includes one Class A high-rise property in downtown Toronto known as The Selby. Through its Strategic Capital business, the Company provides asset management, property management and development management services. |
Financial Overview |
For the fiscal year ended 31 December 2023, Tricon Residential Inc revenues increased 5% to $849.8M. Net income before extraordinary items decreased 85% to $114.2M. Revenues reflect Single-Family Rental segment increase of 23% to $795.3M. Net income was offset by Fair value gain on rental properties decrease of 75% to $210.9M (income). Dividend per share remained flat at $0.23. |
Employees: | 978 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $12,111M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,153M as of Dec 31, 2023 |
EBITDA (TTM): | $368.00M as of Dec 31, 2023 |
Net annual income (TTM): | $154.92M as of Dec 31, 2023 |
Free cash flow (TTM): | -$5.93M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $7,963M as of Dec 31, 2023 |
Shares outstanding: | 273,550,977 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |