Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. Tricon owns and operates approximately 31,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform. More information about Tricon is available at www.triconresidential.com.
IPO Year: 2021
Exchange: NYSE
Website: triconresidential.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/1/2024 | Outperform → Peer Perform | Wolfe Research | |
1/22/2024 | Outperform → Market Perform | BMO Capital Markets | |
8/10/2023 | Outperform → Sector Perform | National Bank Financial | |
3/22/2023 | $9.00 | Buy | Mizuho |
3/14/2023 | $9.25 | Peer Perform → Outperform | Wolfe Research |
12/15/2022 | $12.20 | Outperform → Mkt Perform | Keefe Bruyette |
12/8/2022 | $11.00 → $9.50 | Buy → Neutral | Goldman |
11/30/2022 | Peer Perform | Wolfe Research | |
9/19/2022 | $12.50 | Neutral → Buy | Citigroup |
8/25/2022 | $11.75 → $12.75 | Equal-Weight | Morgan Stanley |
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 "Circular") were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting for each of the nominees as follows: Nominee Votes For Votes Withheld Number %
Tricon Residential Inc. ("Tricon" or the "Company") (NYSE:TCN, TSX:TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, is pleased to announce that it has received shareholder approval for all resolutions voted upon at its annual and special meeting of shareholders held virtually on June 22, 2022 (the "Meeting"). In particular, all nominees listed in the Company's information circular dated May 10, 2022 (the "Circular") were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting for each of the nominees as follows: Nominee Votes For Votes Withheld Number %
25-NSE - Tricon Residential Inc. (0001584425) (Subject)
S-8 POS - Tricon Residential Inc. (0001584425) (Filer)
SC 13E3/A - Tricon Residential Inc. (0001584425) (Subject)
6-K - Tricon Residential Inc. (0001584425) (Filer)
6-K - Tricon Residential Inc. (0001584425) (Filer)
6-K - Tricon Residential Inc. (0001584425) (Filer)
6-K - Tricon Residential Inc. (0001584425) (Filer)
6-K - Tricon Residential Inc. (0001584425) (Filer)
6-K - Tricon Residential Inc. (0001584425) (Filer)
6-K - Tricon Residential Inc. (0001584425) (Filer)
SC 13G - Tricon Residential Inc. (0001584425) (Subject)
SC 13G/A - Tricon Residential Inc. (0001584425) (Subject)
SC 13G - Tricon Residential Inc. (0001584425) (Subject)
SC 13G/A - Tricon Residential Inc. (0001584425) (Subject)
SC 13G - Tricon Residential Inc. (0001584425) (Subject)
SC 13G - Tricon Residential Inc. (0001584425) (Subject)
SC 13G - Tricon Residential Inc. (0001584425) (Subject)
SC 13G/A - Tricon Residential Inc. (0001584425) (Subject)
SC 13G/A - Tricon Residential Inc. (0001584425) (Subject)
SC 13G/A - Tricon Residential Inc. (0001584425) (Subject)
Blackstone Remains Committed to Tricon's Development Platform, including $1 Billion Pipeline of New Single-Family Homes in the U.S. and $2.5 Billion Pipeline of New Apartments in Canada; Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects All financial and share price-related information is presented in U.S. dollars unless otherwise indicated. Blackstone (NYSE:BX) and Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced the closing of the previously-announced statutory plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Blackstone Real Estate Partners X ("BRE
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced receipt of Investment Canada Act approval in connection with the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement") pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc., will acquire all of the outstanding common shares of Tricon ("Common Shares") for US$11.25 per Common Share in cash (the "Transaction"). The Transaction previously received clearance under the Competition Act (Canada) and shareholder approval, and the parties have received a final order from the Ontario Superior Cou
TORONTO, April 12, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Tricon Residential Inc. TSX Symbol: TCN All Issues: No Reason: Single Stock Circuit Breaker Halt Time (ET): 2:37:33 PM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions View original content: http://www.newswire.ca/en/releases/archive/Ap
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced that the Ontario Superior Court of Justice (Commercial List) has granted a final order approving its previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement") pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. will acquire all of the outstanding common shares of the Tricon ("Common Shares") for US$11.25 per Common Share in cash (the "Transaction"). Completion of the Transaction remains subject to the satisfaction or waiver of certain customary closing conditions, including the receipt of
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") is pleased to announce that at its special meeting ("Meeting") of shareholders of the Company ("Company Shareholders") held earlier today, Company Shareholders voted to approve the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement") pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. (and together with their respective affiliates, "Blackstone") will acquire all of the outstanding common shares of Tricon ("Common Shares") for US$11.25 per Common Share in cash (the "Transaction"). The Arrangement req
Annual Sustainability Report Underscores Tricon's Commitment to Resident Satisfaction, Employee Wellbeing and Environmental Stewardship Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company"), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, released its annual sustainability report today. The report is a comprehensive review of the Company's progress toward its five strategic sustainability priorities: Our People, Our Residents, Our Impact, Our Governance and Our Innovation. The Company also announced that it exceeded its sustainability targets for 2020 – 2022 and introduced its next set of t
• Company Shareholders are reminded to submit their proxies before the proxy voting deadline on Tuesday, March 26, 2024 at 10:00 am (Toronto time). • The Board of Directors of Tricon recommends that Company Shareholders vote FOR the Arrangement Resolution. Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis") have each recommended that shareholders of Tricon ("Company Shareholders") vote "FOR" the resolution (the "Arrangement Resolution") approving the statutory plan of arrangement under the Business Corporations Act
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company"), an owner, operator and developer 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 and twelve months ended December 31, 2023. All financial information is presented in U.S. dollars unless otherwise indicated. The Company's operational and financial highlights of the quarter include: Net loss from continuing operations was $35.5 million in Q4 2023; basic and diluted loss per share from continuing operations were both $0.14; Core funds from operations ("Core FFO") was $45.7 million and Core FFO per s
Visit Tricon's Investor Relations website at www.triconresidential.com to access materials and information related to the upcoming Special Meeting. Company Shareholders who have questions or need assistance with voting their Common Shares should contact Tricon's proxy solicitation agent and shareholder communications advisor Laurel Hill Advisory Group by telephone at 1-877-452-7184 or by email at [email protected]. All financial and share price-related information is presented in U.S. dollars unless otherwise indicated. Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced that on February 15, 2024, the Ontario Superior Court of Justice
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company"), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today that it intends to release its financial results for the fourth quarter of 2023 after markets close on February 27th, 2024. The company will not be holding a conference call following the release. Tricon's financial statements and management's discussion and analysis for the fourth quarter and year ended December 31, 2023 will be made available on the Company's website, on the U.S. Securities and Exchange Commission website at www.sec.gov and on the Canadian Securities Admi
Wolfe Research downgraded Tricon Residential from Outperform to Peer Perform
BMO Capital Markets downgraded Tricon Residential from Outperform to Market Perform
National Bank Financial downgraded Tricon Residential from Outperform to Sector Perform
Mizuho initiated coverage of Tricon Residential with a rating of Buy and set a new price target of $9.00
Wolfe Research upgraded Tricon Residential from Peer Perform to Outperform and set a new price target of $9.25
Keefe Bruyette downgraded Tricon Residential from Outperform to Mkt Perform and set a new price target of $12.20
Goldman downgraded Tricon Residential from Buy to Neutral and set a new price target of $9.50 from $11.00 previously
Wolfe Research initiated coverage of Tricon Residential with a rating of Peer Perform
Citigroup upgraded Tricon Residential from Neutral to Buy and set a new price target of $12.50
Morgan Stanley resumed coverage of Tricon Residential with a rating of Equal-Weight and set a new price target of $12.75 from $11.75 previously
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company"), an owner, operator and developer 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 and twelve months ended December 31, 2023. All financial information is presented in U.S. dollars unless otherwise indicated. The Company's operational and financial highlights of the quarter include: Net loss from continuing operations was $35.5 million in Q4 2023; basic and diluted loss per share from continuing operations were both $0.14; Core funds from operations ("Core FFO") was $45.7 million and Core FFO per s
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company"), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today that it intends to release its financial results for the fourth quarter of 2023 after markets close on February 27th, 2024. The company will not be holding a conference call following the release. Tricon's financial statements and management's discussion and analysis for the fourth quarter and year ended December 31, 2023 will be made available on the Company's website, on the U.S. Securities and Exchange Commission website at www.sec.gov and on the Canadian Securities Admi
Blackstone Remains Committed to Tricon's Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in Canada Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects All financial and share price-related information is presented in U.S. dollars unless otherwise indicated. Blackstone (NYSE:BX) and Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced that they have entered into an arrangement agreement (the "Arrangement Agreement") under which Blackstone Real Estate Partners X together with Blackstone
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 and nine months ended September 30, 2023. All financial information is presented in U.S. dollars unless otherwise indicated. The Company's operational and financial highlights of the quarter include: Net income from continuing operations decreased by $97.7 million year-over-year from the $178.8 million earned in Q3 2022 (which included $99.9 million of performance fees earned from the sale of Tricon's remaining 20% equity interest
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 third quarter of 2023. The call will take place on Wednesday, November 8th at 11 a.m. ET. Tricon's financial statements and management's discussion and analysis for the third quarter of 2023 will be released prior to the call and will be made available on the Company's website, on the U.S. Securities and Exchange Commission website at www.sec.gov and on the Canadian Securit
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 following highlights: Net income from continuing operations was $46.8 million in Q2 2023; basic and diluted earnings per share from continuing operations were $0.17 and $0.16, respectively; Core funds from operations ("Core
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 analysis for the second quarter of 2023 will be released prior to the call and will be made available on the Company's website, on the U.S. Securities and Exchange Commission website at www.sec.gov and on the Canadian Securit
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 following highlights: Net income from continuing operations was $29.4 million in Q1 2023; basic and diluted earnings per share from continuing operations were $0.10 and $0.08, respectively; Core funds from operations ("C
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's financial statements and management's discussion and analysis for the first quarter of 2023 will be released prior to the call and will be made available on the Company's website, on the Canadian Securities Administrators' website at www.sedar.com and on the U.S. Securities and Ex
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. The Company reported strong operational and financial results in the fourth quarter and for the full year, including the following highlights: Net income from continuing operations was $55.9 million in Q4 2022; basic and diluted earnings per share from continuing operations were $0.19 and $0.11, respectivel
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced receipt of Investment Canada Act approval in connection with the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement") pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc., will acquire all of the outstanding common shares of Tricon ("Common Shares") for US$11.25 per Common Share in cash (the "Transaction").The Transaction previously received clearance under the Competition Act (Canada) and shareholder approval, and the parties have received a final order from the Ontario Superior Court o
Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced that the Ontario Superior Court of Justice (Commercial List) has granted a final order approving its previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement") pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. will acquire all of the outstanding common shares of the Tricon ("Common Shares") for US$11.25 per Common Share in cash (the "Transaction").Completion of the Transaction remains subject to the satisfaction or waiver of certain customary closing conditions, including the receipt of reg
Tricon Residential (NYSE:TCN) reported quarterly Core FFO of $0.15 per share which beat the analyst consensus estimate of $0.14 by 7.14 percent. This is a 51.61 percent decrease over Core FFO of $0.31 per share from the same period last year. The company reported quarterly Revenue from single-family rental properties of $206.80 million which beat the analyst consensus estimate of $117.4 million. This is a 14.32 percent increase over sales of $180.89 million the same period last year.
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Wolfe Research analyst Keegan Carl downgrades Tricon Residential (NYSE:TCN) from Outperform to Peer Perform.
Keefe, Bruyette & Woods analyst Jade Rahmani maintains Tricon Residential (NYSE:TCN) with a Market Perform and raises the price target from $9.5 to $11.25.
Citigroup analyst Michael Bilerman downgrades Tricon Residential (NYSE:TCN) from Buy to Neutral and raises the price target from $10.5 to $11.25.
Raymond James analyst Brad Sturges downgrades Tricon Residential (NYSE:TCN) from Strong Buy to Market Perform.