Tricon Residential Inc.

TSX:TCN Stock Report

Market Cap: CA$4.6b

Tricon Residential Management

Management criteria checks 2/4

Tricon Residential's CEO is Gary Berman, appointed in Mar 2015, has a tenure of 9.17 years. total yearly compensation is $19.81M, comprised of 4.1% salary and 95.9% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth CA$19.97M. The average tenure of the management team and the board of directors is 8 years and 9.5 years respectively.

Key information

Gary Berman

Chief executive officer

US$19.8m

Total compensation

CEO salary percentage4.1%
CEO tenure9.2yrs
CEO ownership0.4%
Management average tenure8yrs
Board average tenure9.5yrs

Recent management updates

Recent updates

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

Jan 13
Tricon Residential (TSE:TCN) Takes On Some Risk With Its Use Of Debt

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

Dec 14
When Should You Buy Tricon Residential Inc. (TSE:TCN)?

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

Oct 10
Is Tricon Residential (TSE:TCN) A Risky Investment?

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

Aug 31
Is Now The Time To Look At Buying Tricon Residential Inc. (TSE:TCN)?

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

Jul 25
Tricon Residential Inc. (TSE:TCN) Shares Could Be 22% Below Their Intrinsic Value Estimate

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

Jun 04
Is Tricon Residential (TSE:TCN) A Risky Investment?

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

Apr 06
Is It Too Late To Consider Buying Tricon Residential Inc. (TSE:TCN)?

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

Mar 07
With EPS Growth And More, Tricon Residential (TSE:TCN) Makes An Interesting Case

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

Jul 25
At CA$13.75, Is Tricon Residential Inc. (TSE:TCN) Worth Looking At Closely?

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

Jun 11
I Ran A Stock Scan For Earnings Growth And Tricon Residential (TSE:TCN) Passed With Ease

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

May 30
Are Investors Undervaluing Tricon Residential Inc. (TSE:TCN) By 22%?

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

May 18
Is Tricon Residential (TSE:TCN) Using Too Much Debt?

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

Apr 07
Is Now An Opportune Moment To Examine Tricon Residential Inc. (TSE:TCN)?

CEO Compensation Analysis

How has Gary Berman's remuneration changed compared to Tricon Residential's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$114m

Sep 30 2023n/an/a

US$206m

Jun 30 2023n/an/a

US$293m

Mar 31 2023n/an/a

US$652m

Dec 31 2022US$20mUS$808k

US$774m

Sep 30 2022n/an/a

US$829m

Jun 30 2022n/an/a

US$835m

Mar 31 2022n/an/a

US$563m

Dec 31 2021US$8mUS$838k

US$455m

Sep 30 2021n/an/a

US$421m

Jun 30 2021n/an/a

US$300m

Mar 31 2021n/an/a

US$198m

Dec 31 2020US$4mUS$671k

US$110m

Sep 30 2020n/an/a

US$80m

Jun 30 2020n/an/a

US$59m

Mar 31 2020n/an/a

US$41m

Dec 31 2019US$5mUS$622k

US$112m

Sep 30 2019n/an/a

US$111m

Jun 30 2019n/an/a

US$113m

Mar 31 2019n/an/a

US$121m

Dec 31 2018US$3mUS$618k

US$193m

Sep 30 2018n/an/a

US$174m

Jun 30 2018n/an/a

US$196m

Mar 31 2018n/an/a

US$153m

Dec 31 2017US$4mUS$540k

US$63m

Compensation vs Market: Gary's total compensation ($USD19.81M) is above average for companies of similar size in the Canadian market ($USD3.47M).

Compensation vs Earnings: Gary's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Gary Berman (48 yo)

9.2yrs

Tenure

Mr. Gary Berman has been the Chief Executive Officer and President of Tricon Residential Inc. (Formerly, Tricon Capital Group Inc.) since March 10, 2015. He is involved in overseeing all aspects of Tricon'...

Leadership Team

NamePositionTenureCompensationOwnership
David Berman
Co-Founder & Executive Chairman14.3yrsno data1.44%
CA$ 65.8m
Gary Berman
President9.2yrsno data0.44%
CA$ 20.0m
Geoffrey Matus
Co-Founder & Non Independent Director36.3yrsno data0.27%
CA$ 12.4m
Wissam Francis
Executive VP & CFO8.8yrsno data0.016%
CA$ 736.2k
Kevin Baldridge
Executive VP & COO4yrsno data0.035%
CA$ 1.6m
Jonathan Ellenzweig
Executive VP & Chief Investment Officer4yrsno data0.049%
CA$ 2.2m
David Veneziano
Executive VP9.5yrsno data0.0030%
CA$ 137.9k
Sherrie Suski
Executive VP & Chief People Officer4yrsno data0.0033%
CA$ 151.6k
Andrew Joyner
MD & Head of Multi-Family Investments4.4yrsno data0.0022%
CA$ 99.1k
Andrew Carmody
Senior MD of Investments & Chief Sustainability Officer7.3yrsno data0%
CA$ 0
Gina McMullan
Chief Accounting Officerno datano data0%
CA$ 0
Reshma Block
Chief Technology Officerno datano datano data

8.0yrs

Average Tenure

61yo

Average Age

Experienced Management: TCN's management team is seasoned and experienced (8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Berman
Co-Founder & Executive Chairman14.3yrsno data1.44%
CA$ 65.8m
Gary Berman
President10yrsno data0.44%
CA$ 20.0m
Geoffrey Matus
Co-Founder & Non Independent Director14.3yrsno data0.27%
CA$ 12.4m
Frank Cohen
Independent Director3.7yrsUS$138.00kno data
Peter Sacks
Lead Independent Director10yrsno data0.022%
CA$ 1.0m
J. Knowlton
Independent Director13yrsUS$160.00k0.0076%
CA$ 349.4k
Ira Gluskin
Independent Director7.5yrsno data0.0034%
CA$ 153.0k
Sian Matthews
Independent Director9yrsno data0.0025%
CA$ 115.5k
Camille Douglas
Independent Director5.8yrsno data0.012%
CA$ 563.5k
Renee Glover
Independent Director2.8yrsUS$144.00k0.0075%
CA$ 340.2k

9.5yrs

Average Tenure

72.5yo

Average Age

Experienced Board: TCN's board of directors are considered experienced (9.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/05/01 21:17
End of Day Share Price 2024/05/01 00:00
Earnings2023/12/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tricon Residential Inc. is covered by 18 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wojtek NowakATB Capital Markets
Stephen MacLeodBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity