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Tricon Capital Group Inc. (T:TCN)

Business Focus: Residential Real Estate Services

Sector:  Financials Industry:  Real Estate Services
See Regulatory Filings on SEDAR
Company Contact
Address: 7 Saint Thomas St Suite 801
Tel: N/A
IR: See website
Key People
David Berman
Executive Chairman and Co-Founder
Gary Berman
Director, President, Chief Executive Officer
Wissam Francis
Executive Vice President and Chief Financial Officer
David Veneziano
Executive Vice President, General Counsel & Corporate Secretary
Sandra Pereira
Senior Vice President, Head of Tax Services
Douglas P. Quesnel
Chief Accounting Officer
Andrew Carmody
Managing Director
Evelyne Dube
Managing Director, Private Funds
Jonathan Ellenzweig
Managing Director
Business Overview
Tricon Capital Group Inc. is a Canada-based company, which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Lifestyle Rentals (TLR). In Private Funds and Advisory, the Company manages, on behalf of private investors, commingled funds, sidecars and separate investment accounts that invest in the development of real estate in North America. Tricon's investment activities are carried on through Tricon Housing Partners (land and homebuilding), Tricon American Homes (single-family rental), Tricon Lifestyle Communities (manufactured housing communities) and Tricon Lifestyle Rentals (purpose-built multi-family apartments). It manages capital on behalf of third-party institutional and high net-worth accredited investors.
Financial Overview
For the three months ended 31 March 2020, Tricon Capital Group Inc revenues increased from $7.5M to $123.3M. Net loss totaled $41M vs. income of $23.9M. Revenues reflect Performance fees increase of 55% to $314K. Net loss reflects (Loss) income from investments in for-sa decrease from $2.2M (income) to $79.6M (expense), Investment income Tricon American Homes decrease from $43.6M (income) to $0K.
Employees: 92 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $2,403M as of Mar 31, 2020
Annual revenue (TTM): $210.84M as of Mar 31, 2020
EBITDA (TTM): $76.29M as of Mar 31, 2020
Net annual income (TTM): $63.17M as of Mar 31, 2020
Free cash flow (TTM): -$5.30M as of Mar 31, 2020
Net Debt Last Fiscal Year: $5,674M as of Mar 31, 2020
Shares outstanding: 192,838,430 as of May 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization