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Tricon Residential Inc

Tricon Residential Inc (TCN)

11.25
0.00
(0.00%)
Closed November 16 4:00PM
0.00
0.00
(0.00%)

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crudeoil24 crudeoil24 9 months ago
Nice! I originally saw 60 Minutes interview. We're going higher!
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PennyPusher786 PennyPusher786 9 months ago
Check this out...

https://www.instagram.com/reel/C2pyrU4OJgh/?igsh=NDduZGhjYTVpb3hj
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crudeoil24 crudeoil24 3 years ago
Price target raised to C$22.50/Share from C$20.00 by BMO Capital Markets
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crudeoil24 crudeoil24 3 years ago
In @ 16.61 > LET'S GO TCN!
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crudeoil24 crudeoil24 3 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.
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crudeoil24 crudeoil24 3 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
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crudeoil24 crudeoil24 3 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.”
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crudeoil24 crudeoil24 3 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
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UpTickMeA$AP UpTickMeA$AP 3 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
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