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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

TSX:TCN - Post Discussion

Tricon Residential Inc > Blackstone
View:
Post by retiredcf on Jun 26, 2022 2:29pm

Blackstone

In May of 2020, Blackstone bought a position in Tricon Residential and paid book value for the shares. The stock is now trading at 87% of the book value. It would not surprise me if Blackstone are looking to buy out the company. In any event, the stock seems undervalued. 

We would agree. For a long term player (ie. those who can look forward to the 'next' cycle) the stock is quite cheap. (5iResearch)

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