Tricon Residential Inc T.TCN.DB

Primary Symbol: 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 > Struggling Sectors

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Comment by Moogulon May 18, 2020 2:34pm

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Post# 31042842

RE:Struggling Sectors

I think there is a huge disconnect within the REIT sector. Industrial and residential/multi-family rental have a massive tail wind and strong secular growth themes while commercial is getting slammed and rightfully soo. I think multi family has been dragged down with the latter and it's created an incredible opportunity. Rates are rediculously low and will remain low for our life time imho. Rent collection has been pretty much 99% of pre covid through April and May. CAR-UN, KMP-UN, and TCN are all table pounding buys.

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