Tricon Residential Inc. (T:TCN)
Business Focus: Residential Real Estate Rental & Development
Mixed as of September 01, 2023
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Insider Filings
Latest 10 SEDI filings for TCN within the last 6 months
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Company News
Aug 08, 2023 17:01 ET
Tricon Reports Q2 2023 Results Driven by Strong Housing Fundamentals
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today its consolidated financial results for the six months ended June 30, 2023.
Jul 11, 2023 17:01 ET
Tricon Announces Date for Second Quarter 2023 Results Conference Call
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, invites you to participate in its live conference call with senior management to discuss the Company’s financial results for the second quarter of 2023. The call will take place on Wednesday, August 9th at 11 a.m. ET.
Valuation Ratios
Industry
Sector
Beta
1.33
--
--
Price to Sales - TTM
2.28
3.57
3.32
Price to Book - most recent quarter
0.53
0.63
1.15
Price to Cash Flow per share - TTM
6.20
8.04
11.23
Price to Free Cash Flow per share - TTM
32.21
20.29
20.50
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 2,247,142 | -79,025 |
| Aug 31, 2023 | 2,326,167 | 13,894 |
| Aug 15, 2023 | 2,312,273 | 526,748 |
Business Summary
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
Tricon Residential Inc. is a rental housing company. The Company is an owner and operator of single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. Its segments include Single-Family Rental, Adjacent Businesses (which includes multi-family rental properties and residential developments), 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 Sun Belt. Adjacent Businesses includes owning, designing, developing and operating premier multi-family rental properties in Toronto. This segment also includes Tricon's investments in United States residential developments. Private Funds and Advisory business include providing asset management, property management and development management services. The Company's asset management services are provided to investment vehicles that own the single-family rental homes and residential developments.
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