Tricon Residential (TSX:TCN) - Stock Price, News & Analysis

TCN Stock Overview

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. More details

TCN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	1/6
Financial Health	0/6
Dividends	4/6

Rewards

Earnings are forecast to grow 4.69% per year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Large one-off items impacting financial results

Profit margins (12.9%) are lower than last year (92.4%)

+ 2 more risks

Tricon Residential Inc. Competitors

Mainstreet Equity

TSX:MEQ

CA$1.9b

Morguard

TSX:MRC

CA$1.3b

Halmont Properties

TSXV:HMT

CA$105.3m

Urbanfund

TSXV:UFC

CA$46.1m

Price History & Performance

Summary of all time highs, changes and price drops for Tricon Residential
Historical stock prices
Current Share Price	CA$15.46
52 Week High	CA$15.49
52 Week Low	CA$9.03
Beta	1.47
11 Month Change	1.84%
3 Month Change	4.67%
1 Year Change	44.35%
33 Year Change	15.72%
5 Year Change	42.75%
Change since IPO	153.44%

Recent updates

Tricon Residential Inc. (TSE:TCN) Shares Could Be 22% Below Their Intrinsic Value Estimate

Jul 25

Is Tricon Residential (TSE:TCN) A Risky Investment?

Jun 04

Is It Too Late To Consider Buying Tricon Residential Inc. (TSE:TCN)?

Apr 06

With EPS Growth And More, Tricon Residential (TSE:TCN) Makes An Interesting Case

Mar 07

At CA$13.75, Is Tricon Residential Inc. (TSE:TCN) Worth Looking At Closely?

Jul 25

I Ran A Stock Scan For Earnings Growth And Tricon Residential (TSE:TCN) Passed With Ease

Jun 11

Are Investors Undervaluing Tricon Residential Inc. (TSE:TCN) By 22%?

May 30

Is Tricon Residential (TSE:TCN) Using Too Much Debt?

May 18

Is Now An Opportune Moment To Examine Tricon Residential Inc. (TSE:TCN)?

Apr 07

Shareholder Returns

	TCN	CA Real Estate	CA Market
7D	2.5%	-2.6%	0.2%
1Y	44.4%	27.9%	21.0%

Return vs Industry: TCN exceeded the Canadian Real Estate industry which returned 6.9% over the past year.

Return vs Market: TCN exceeded the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is TCN's price volatile compared to industry and market?
TCN volatility
TCN Average Weekly Movement	0.9%
Real Estate Industry Average Movement	5.1%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.5%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: TCN has not had significant price volatility in the past 3 months.

Volatility Over Time: TCN's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	978	Gary Berman	www.triconresidential.com

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Toronto, Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy.

Tricon Residential Inc. Fundamentals Summary

How do Tricon Residential's earnings and revenue compare to its market cap?
TCN fundamental statistics
Market cap	CA$4.57b
Earnings (TTM)	CA$157.11m
Revenue (TTM)	CA$1.22b

29.1x

P/E Ratio

3.8x

P/S Ratio

Is TCN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TCN income statement (TTM)
Revenue	US$884.73m
Cost of Revenue	US$261.94m
Gross Profit	US$622.79m
Other Expenses	US$508.60m
Earnings	US$114.19m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.39
Gross Margin	70.39%
Net Profit Margin	12.91%
Debt/Equity Ratio	156.1%

How did TCN perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

56%

Payout Ratio

TCN Stock Overview

Rewards

Risk Analysis

Tricon Residential Inc. Competitors

TSX:MEQ

CA$1.9b

TSX:MRC

CA$1.3b

TSXV:HMT

CA$105.3m

TSXV:UFC

CA$46.1m

Price History & Performance

Recent News & Updates

Tricon Residential Files Form 15

Common Shares of Tricon Residential to be De-Listed from the New York Stock Exchange and Toronto Stock Exchange on May 2, 2024

Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Capped Composite Index

Tricon Residential's Common Shares to be Delisted from the New York Stock Exchange and the Toronto Stock Exchange

Tricon Residential's Common Shares to be Delisted from the New York Stock Exchange and the Toronto Stock Exchange

New minor risk - Insider selling

Recent updates

Tricon Residential Files Form 15

Common Shares of Tricon Residential to be De-Listed from the New York Stock Exchange and Toronto Stock Exchange on May 2, 2024

Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Capped Composite Index

Tricon Residential's Common Shares to be Delisted from the New York Stock Exchange and the Toronto Stock Exchange

Tricon Residential's Common Shares to be Delisted from the New York Stock Exchange and the Toronto Stock Exchange

New minor risk - Insider selling

Independent Director recently sold CA$5.3m worth of stock

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Tricon Residential Inc. to Report Q4, 2023 Results on Feb 27, 2024

Blackstone Real Estate Partners X L.P., a fund managed by Blackstone Real Estate Advisors L.P. entered into an arrangement agreement to acquire remaining 89% stake in Tricon Residential Inc. (TSX:TCN) for $2.7 billion.

Blackstone Real Estate Partners X L.P., a fund managed by Blackstone Real Estate Advisors L.P. entered into an arrangement agreement to acquire remaining 89% stake in Tricon Residential Inc. (TSX:TCN) for $2.7 billion.

Blackstone Real Estate Income Trust, Inc. and Blackstone Real Estate Partners X L.P., a fund managed by Blackstone Real Estate Advisors L.P. entered into an arrangement agreement to acquire Tricon Residential Inc. (TSX:TCN) for $3.5 billion.

New major risk - Revenue and earnings growth

Tricon Residential (TSE:TCN) Takes On Some Risk With Its Use Of Debt

President exercised options to buy CA$2.1m worth of stock.

President recently bought CA$509k worth of stock

Upcoming dividend of US$0.058 per share at 2.6% yield

When Should You Buy Tricon Residential Inc. (TSE:TCN)?

Consensus EPS estimates increase by 45%

Consensus revenue estimates increase by 12%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Tricon Residential Inc. Declares Quarterly Dividend, Payable on or After January 15, 2024

Tricon Residential Inc. to Report Q3, 2023 Results on Nov 08, 2023

Is Tricon Residential (TSE:TCN) A Risky Investment?

Insufficient new directors

Upcoming dividend of US$0.058 per share at 2.9% yield

Consensus EPS estimates increase by 16%

Is Now The Time To Look At Buying Tricon Residential Inc. (TSE:TCN)?

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.17 (vs US$1.47 in 2Q 2022)

Tricon Residential Inc. Declares Dividend, Payable on or After October 15, 2023

Tricon Residential Inc. (TSE:TCN) Shares Could Be 22% Below Their Intrinsic Value Estimate

Tricon Residential Inc. to Report Q2, 2023 Results on Aug 09, 2023

Upcoming dividend of US$0.058 per share at 2.7% yield

Is Tricon Residential (TSE:TCN) A Risky Investment?

First quarter 2023 earnings released: EPS: US$0.098 (vs US$0.59 in 1Q 2022)

Tricon Residential Inc. Declares Dividend, Payable on or After July 15, 2023

Price target decreased by 7.3% to CA$12.81

Is It Too Late To Consider Buying Tricon Residential Inc. (TSE:TCN)?

Upcoming dividend of US$0.058 per share at 3.1% yield

Consensus EPS estimates fall by 12%

With EPS Growth And More, Tricon Residential (TSE:TCN) Makes An Interesting Case

Price target decreased by 7.1% to CA$13.01

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Tricon Residential Inc. to Report Q4, 2022 Results on Mar 02, 2023

Price target decreased by 8.7% to CA$14.93

Executive VP & CFO recently bought CA$50k worth of stock

Upcoming dividend of US$0.058 per share

Consensus EPS estimates increase by 11%

Executive VP & CFO recently bought CA$201k worth of stock

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Tricon Residential Inc. Declares Dividend, Payable on or After January 15, 2023

Price target decreased to CA$16.26

Price target decreased to CA$17.24

A vertically integrated residential real estate investment and property management company completed the acquisition of 20% stake in Portfolio of 23 Sun Belt Apartment Buildings.

A vertically integrated residential real estate investment and property management company completed the acquisition of 20% stake in Portfolio of 23 Sun Belt Apartment Buildings.

A vertically integrated residential real estate investment and property management company entered into an agreement to acquire 20% stake in portfolio of 23 Sun Belt apartment buildings from Tricon Residential Inc. (TSX:TCN) for approximately CAD 320 million.

Tricon Residential Inc. to Report Q3, 2022 Results on Nov 09, 2022

Upcoming dividend of US$0.058 per share