In 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