Tricon Residential

Tricon Residential, Inc. is a residential real estate investment company. It owns and operates single family rental homes and multi-family rental apartments in the United States and Canada. It operates through the five reportable segments: Single Family Rental Business,Multi Family Rental Business, Residential Development Business, Private Funds and Advisory Business and Corporate Activities. The Single Family Rental Business segment owns and operates single family rental homes primarily within major cities in the United States Sun Belt. The Multi Family Rental Business segment owns and operates garden style multi family rental properties primarily in the United States Sun Belt and condominium quality rental apartments in downtown Toronto. The Residential Development Business segment designs and develops premier multi family rental properties in Toronto. The Private Funds and Advisory Business segment provides asset management, property management and development management services. The Corporate Activities segment provides support functions in the areas of accounting, treasury, credit management, information technology, legal, and human resources. The company was founded by Geoffrey Matus and David Berman on June 3, 1988 and is headquartered in Toronto, Canada.

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Tricon Residential, Inc. is a residential real estate investment company, which engages in renting homes and apartments. It operates through the following business segments: Single-Family Rental, Adjacent Businesses, Private Funds and Advisory and Corporate. The Single-Family Rental Business segment owns and operates single family rental homes. The Private Funds and Advisory segment provide asset management, property management, and development management services. The Corporate segment includes providing support functions in the areas of accounting, treasury, credit management, information technology, legal, and human resources. The company was founded by Geoffrey Matus and David Berman on June 3, 1988 and is headquartered in Toronto, Canada.

Tricon Residential, with its ownership of 37,000 single-family rental homes, offers outsized exposure to the space relative to dollars invested. The discount at which Tricon trades compared to its net asset value is clear, presenting an opportunity for investors. Tricon's potential pathways for realizing value include the realization of performance bonus revenue and a potential buyout by a private equity firm like Pretium.

Tricon Residential's Performance Revenue Is Not Priced Into The Stock

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Tricon Residential Inc. (NYSE:TCN ) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Wojtek Nowak – Managing Director-Capital Markets Gary Berman – President and Chief Executive Officer Wissam Francis – Chief Financial Officer Kevin Baldridge – Chief Operating Officer Conference Call Participants Eric Wolfe – Citi Handel St. Juste – Mizuho Brad Heffern – RBC Capital Markets Adam Kramer – Morgan Stanley Keegan Carl – Wolfe Research Jason Sabshon – KBW Jonathan Kelcher – TD Securities Operator Good morning. My name is Sara, and I will be your conference operator today.

Tricon Residential Inc. (TCN) Q2 2023 Earnings Call Transcript

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today its consolidated financial results for the six months ended June 30, 2023. All financial information is presented in U.S. dollars unless otherwise indicated. The Company reported strong operational and financial results in the second quarter, including the follow.

Tricon Reports Q2 2023 Results Driven by Strong Housing Fundamentals

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TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, invites you to participate in its live conference call with senior management to discuss the Company's financial results for the second quarter of 2023. The call will take place on Wednesday, August 9th at 11 a.m. ET. Tricon's financial statements and management's discussion and.

Tricon Announces Date for Second Quarter 2023 Results Conference Call

The continued supply-demand imbalance in the housing market is expected to drive healthy rent growth for the next few quarters. Tricon has managed to keep a check on its debt with considerably lower maturities in the coming years. The vast market opportunity has been recognized by Tricon and its differentiated strategy of catering to middle-market households has helped immensely.

Tricon Residential Offers A Lot Of Value At Current Prices

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today that it has priced its 2023-SFR1 securitization transaction. The transaction, involving the issuance and sale of 5 offered classes of fixed-rate certificates with a total face amount of $416.4 million, was priced at a weighted average yield of approximately 5.86%.

Tricon Prices $416 Million Securitization at Weighted Average Yield of 5.86%, Further Reducing Floating Rate Debt

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to five classes of Tricon Residential 2023-SFR1 (TCN 2023-SFR1) single-family rental pass-through certificates. TCN 2023-SFR1 is a single-borrower, single-family rental (SFR) securitization that will be collateralized by a $452.6 million loan secured by first priority mortgages on 2,116 income-producing single-family homes. The fixed-rate loan requires interest payments only over its five-year term. The subject transaction will be the.

KBRA Assigns Preliminary Ratings to Tricon Residential 2023-SFR1

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) , an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, is pleased to announce that it has received shareholder approval for all resolutions voted upon at its annual meeting of shareholders held virtually on June 21, 2023 (the “Meeting”). In particular, all nominees listed in the Company's information circular dated May 9, 2023 (the.

Tricon Announces Voting Results from Annual Meeting of Shareholders

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Over the past year, Tricon (-35.00%) has trailed both the general market (SPY: +4.33%) and the NASDAQ US Benchmark Residential REITS Index (-17.27%). This reflects the inverse convexity between interest rate hikes and residential property values and subsequent investor anxieties about Tricon.

Tricon Residential: Expected Growth Consistent With Housing Recovery Theme And Scale Expansion

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Tricon Residential Inc. (NYSE:TCN ) Q1 2023 Results Conference Call May 10, 2023 11:00 AM ET Company Participants Wojtek Nowak - Managing Director, Capital Markets Gary Berman - President and Chief Executive Officer Wissam Francis - Executive Vice President and Chief Financial Officer Kevin Baldridge - Chief Operating Officer Jonathan Ellenzweig - Chief Investment Officer Andy Carmody - Senior Managing Director Investments and Head of Sustainability Andrew Joyner - Managing Director Conference Call Participants Mario Saric - Scotia Bank Brad Heffern - RBC Capital Markets Handel St. Juste - Mizuho Eric Wolfe - Citi Keegan Carl - Wolfe Research Adam Kramer - Morgan Stanley Stephen MacLeod - BMO Capital Markets Jason Sabshon - KBW Operator Good morning. My name is Brent, and I will be your conference operator today.

Tricon Residential Inc. (TCN) Q1 2023 Earnings Call Transcript

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi- family rental apartments in Canada, announced today its consolidated financial results for the three months ended March 31, 2023. All financial information is presented in U.S. dollars unless otherwise indicated. The Company reported strong operational and financial results in the first quarter, including the fol.

Tricon Delivers Solid Q1 2023 Results and Reiterates Full-Year Guidance

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN; TSX: TCN), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, invites you to participate in its live conference call with senior management to discuss the Company's financial results for the first quarter of 2023. The call will take place on Wednesday, May 10th at 11 a.m. ET.

Tricon Announces Date for First Quarter 2023 Results Conference Call

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TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, today released its annual Environmental, Social and Corporate Governance (“ESG”) report. The report is a comprehensive review of the Company's progress towards its ESG commitments in five areas of focus: Our People, Our Residents, Our Impact, Our Governance, and Our Innovation.

Tricon Residential Releases 2022 ESG Annual Report

Tricon Residential Inc. (NYSE:TCN ) Q4 2022 Earnings Conference Call March 2, 2023 11:00 AM ET Company Participants Wojtek Nowak - Managing Director, Capital Markets Gary Berman - President and Chief Executive Officer Wissam Francis - Executive Vice President and Chief Financial Officer Kevin Baldridge - Chief Operating Officer Jonathan Ellenzweig - Chief Investment Officer Andrew Joyner - ND, Investments Conference Call Participants Chandni Luthra - Goldman Sachs Nick Joseph - Citi Mario Saric - Scotiabank Brad Heffern - RBC Capital Markets Adam Kramer - Morgan Stanley Jade Rahmani - KBW Tal Woolley - National Bank Financial Dean Wilkinson - CIBC Jonathan Kelcher - TD Cowen Operator Good morning, my name is Rob, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Tricon Residential Fourth Quarter 2022 Earnings Conference Call.

Tricon Residential Inc. (TCN) Q4 2022 Earnings Call Transcript

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today its consolidated financial results for the fourth quarter and the year ended December 31, 2022. All financial information is presented in U.S. dollars unless otherwise indicated.

Tricon Completes a Year of Record Growth and Delivers Strong Operational Results in Q4 2022

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Tricon Residential Is Cheap Relative To Its Growth

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of a growing portfolio of single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada, invites you to participate in its live conference call with senior management to discuss the Company's financial results for the fourth quarter of 2022. The call will take place on Thursday, March 2nd at 11 a.m. ET.

Tricon Announces Date for Fourth Quarter 2022 Results Conference Call

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