TSX:TCN - Post Discussion
Post by
retiredcf on Sep 26, 2022 7:58am
Assessment
Where do you see Tricon Residential falling on the value vs growth spectrum? Would you consider its real estate holdings to have significant inflation protection benefits?
At 5X earnings, with substantial real estate holdings, TCN is more value than growth now. Analysts do expect lower earnings in 2023. Its holding 'should' have some inherent protection. Rental properties can do well as home-buyers get shut out of the market with higher rates. Jobs are important, but so far the US economy has plenty of jobs available. This could change, and certainly sentiment could change before reality, but we continue to view TCN as quite attractive overall. (5iResearch)
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