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Tricon Residential Inc T.TCN

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.


TSX:TCN - Post by User

Tricon Residential Inc
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Post by retiredcfon Sep 10, 2022 5:17pm
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Post# 34954533

Questions on Two Companies

Questions on Two CompaniesSince ECN announced a bought deal, the share price has steadily declined. But I see that the CEO is loading up on shares (he purchased over 1M this week).  Also can you provide your thoughts on TCN? It seems to me that rentals should go up in this environment.  

ECN has sold a division, but not shares. The stock has had a bad few weeks, but remains slightly better than the TSX return this year. We like management and the insider buying shows confidence. Keep in mind the company is still transitioning after asset sales and its very large special dividend. TCN has bounced off its low, but while it should benefit from US rental demand it is also subject to sentiment weakness on higher interest rates. It is very very cheap,and we like its prospects. We would be comfortable slowy buying both companies. (5iResearch)
 
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