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.

TSX:TCN - Post by User

Tricon Residential Inc > Andrew Moffs BNN comments

<< Previous

Bullboard Posts

Next >>

Post by FairPlayBillon Nov 29, 2022 2:40pm

226 Views

Post# 35137434

Andrew Moffs BNN comments

Tricon Residential (TCN-T)

28/11/2022 at 08:00pm

Home ownership is much higher now than a year ago given rates. The demo of 35-44 which rents single-family homes will double its population growth over the next 5 years vs. the rest of the population (in the U.S.). Tricon, which holds single-family homes, also benefits because is operates in the US sunbelt to where people are migrating (Dallas, Houston, Phoenix). TCN trades at a 40% discount to NAV, so it's a great opportunity now. High growth, and lease growth of 8-10%.