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.

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Tricon Residential Inc

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Post by retiredcfon May 01, 2020 6:25am

195 Views

Post# 30974865

Analyst Recommendation

Second stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/andrew-moffs-past-picks~1950044

TRICON CAPITAL GROUP (TCN TSX)

Then: $11.30
Now: $8.08
Return: -29%
Total return: -28%

PAST TOP PICK

Tricon Capital Group (TCN-T)

April 30, 2020

(A Top Pick Mar 05/20, Down 28%) They are primarily in the single family home rental sector. He thinks this is a highly defensive sector. They also own some multi-family in the sun belt. They have very affordable rents and that is the key. It sold off because the market thinks their leverage is too high. It is a talented management team.

Andrew Moffs

Price

$8.230

Owned

Yes

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