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Tricon Residential Inc. (T:TCN)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEDAR
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
Gary Berman
President, Chief Executive Officer, Director
Wissam Francis
Executive Vice President and Chief Financial Officer
Kevin Baldridge
Chief Operating Officer
Sherrie Suski
Chief People Officer
Jonathan Ellenzweig
Chief Investment Officer
David Veneziano
Chief Legal Officer and Corporate Secretary
   
Business Overview
Tricon Residential Inc. (Tricon) is a Canada-based rental housing company. The Company caters to the middle-market demographic throughout the United States and Canada. Tricon owns and manages approximately 31,000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform. Tricon is comprised of four operating segments: Single-Family Rental, Multi-Family Rental, Residential Development and Private Funds and Advisory. Single-Family Rental business includes owning and operating single-family rental homes primarily within major cities in the United States (U.S.). Multi-Family Rental business includes owning and operating garden-style multi-family rental properties primarily in the U.S. Residential Development business includes designing and developing multi-family rental properties in Toronto. Private Funds and Advisory business include providing asset management, property management and development management services.
Financial Overview
For the six months ended 30 June 2021, TriconResidential Inc revenues increased 16% to $226.4M. Netincome before extraordinary items totaled $186.9M vs. lossof $17.2M. Revenues reflect Single-Family Rental segmentincrease of 14% to $204.4M. Net Income reflects NetOperating Income - Single-Family increase from $49.2M to$105.7M, Fair value gain on rental properties increase from$53.5M to $366.6M (income).
Employees: 639 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $10,354M as of Jun 30, 2021
Annual revenue (TTM): $605.10M as of Jun 30, 2021
EBITDA (TTM): $291.55M as of Jun 30, 2021
Net annual income (TTM): $400.86M as of Jun 30, 2021
Free cash flow (TTM): $8.63M as of Jun 30, 2021
Net Debt Last Fiscal Year: $4,501M as of Jun 30, 2021
Shares outstanding: 272,371,621 as of Oct 12, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization