Bullboard - Stock Discussion Forum 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... see more

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Tricon Residential Inc > Another Earnings Assessment

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Post by retiredcf on May 16, 2022 7:33am

Another Earnings Assessment

EPS of 59c beat estimates by 63%. Revenue of $138M beat estimates by 39%. Cash flow per share matched estimates. Rent rates rose 8.6%. 8,000 home acquisitions are still expected in 2022. Guidance was largely maintained, with a small increase in expected home revenue growth. We would consider it a decent quarter for sure and continue to like the stock.

Provided by the team at 5iResearch. GLTA

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