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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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.


TSX:TCN - Post by User

Tricon Residential Inc
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Post by retiredcfon Feb 14, 2023 6:36am
398 Views
Post# 35284557

Stockchase Insights

Stockchase InsightsIn response to a question about their debt. GLTA

BUY
Tricon Residential (TCN-T)
13/02/2023
 
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
TCN has $5.6B in debt, certainly an amount that can be considered high vs cash flow.
But TCN has managed its debt well and $3.8B of its debt is fixed rate. 
It has collars and caps on its floating rate debt, and its effective interest rate last year was 3.36%. 
This will increase somewhat but because of its hedging, it is less vulnerable to rates than others.  
Property Mngmnt / Investment
 
Stockchase Insights
$12.050
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