Tricon Residential Past Earnings Performance
Past criteria checks 1/6
Tricon Residential has been growing earnings at an average annual rate of 30.9%, while the Real Estate industry saw earnings growing at 14% annually. Revenues have been growing at an average rate of 39.3% per year. Tricon Residential's return on equity is 3.1%, and it has net margins of 12.9%.
Key information
30.9%
Earnings growth rate
19.8%
EPS growth rate
| Real Estate Industry Growth | 20.4% |
| Revenue growth rate | 39.3% |
| Return on equity | 3.1% |
| Net Margin | 12.9% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Tricon Residential (TSE:TCN) Takes On Some Risk With Its Use Of Debt
Jan 13
When Should You Buy Tricon Residential Inc. (TSE:TCN)?
Dec 14Is Tricon Residential (TSE:TCN) A Risky Investment?
Oct 10Is Now The Time To Look At Buying Tricon Residential Inc. (TSE:TCN)?
Aug 31Tricon Residential Inc. (TSE:TCN) Shares Could Be 22% Below Their Intrinsic Value Estimate
Jul 25Is Tricon Residential (TSE:TCN) A Risky Investment?
Jun 04Is It Too Late To Consider Buying Tricon Residential Inc. (TSE:TCN)?
Apr 06With EPS Growth And More, Tricon Residential (TSE:TCN) Makes An Interesting Case
Mar 07At CA$13.75, Is Tricon Residential Inc. (TSE:TCN) Worth Looking At Closely?
Jul 25I Ran A Stock Scan For Earnings Growth And Tricon Residential (TSE:TCN) Passed With Ease
Jun 11Are Investors Undervaluing Tricon Residential Inc. (TSE:TCN) By 22%?
May 30Is Tricon Residential (TSE:TCN) Using Too Much Debt?
May 18Is Now An Opportune Moment To Examine Tricon Residential Inc. (TSE:TCN)?
Apr 07Revenue & Expenses Breakdown
How Tricon Residential makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 885 | 114 | 178 | 0 |
| 30 Sep 23 | 856 | 206 | 168 | 0 |
| 30 Jun 23 | 926 | 293 | 169 | 0 |
| 31 Mar 23 | 890 | 652 | 176 | 0 |
| 31 Dec 22 | 838 | 774 | 194 | 0 |
| 30 Sep 22 | 793 | 829 | 241 | 0 |
| 30 Jun 22 | 631 | 835 | 223 | 0 |
| 31 Mar 22 | 581 | 563 | 201 | 0 |
| 31 Dec 21 | 540 | 455 | 174 | 0 |
| 30 Sep 21 | 501 | 421 | 109 | 0 |
| 30 Jun 21 | 476 | 300 | 102 | 0 |
| 31 Mar 21 | 450 | 198 | 93 | 0 |
| 31 Dec 20 | 356 | 110 | 87 | 0 |
| 30 Sep 20 | 245 | 80 | 73 | 0 |
| 30 Jun 20 | 151 | 59 | 65 | 0 |
| 31 Mar 20 | 61 | 41 | 58 | 0 |
| 31 Dec 19 | 50 | 112 | 49 | 0 |
| 30 Sep 19 | 95 | 111 | 48 | 0 |
| 30 Jun 19 | 149 | 113 | 47 | 0 |
| 31 Mar 19 | 171 | 121 | 46 | 0 |
| 31 Dec 18 | 276 | 193 | 47 | 0 |
| 30 Sep 18 | 276 | 174 | 42 | 0 |
| 30 Jun 18 | 280 | 196 | 42 | 0 |
| 31 Mar 18 | 251 | 153 | 41 | 0 |
| 31 Dec 17 | 169 | 63 | 36 | 0 |
| 30 Sep 17 | 131 | 47 | 37 | 0 |
| 30 Jun 17 | 97 | 15 | 35 | 0 |
| 31 Mar 17 | 111 | 52 | 30 | 0 |
| 31 Dec 16 | 111 | 59 | 29 | 0 |
| 30 Sep 16 | 116 | 80 | 32 | 0 |
| 30 Jun 16 | 108 | 89 | 29 | 0 |
| 31 Mar 16 | 100 | 82 | 27 | 0 |
| 31 Dec 15 | 102 | 58 | 28 | 0 |
| 30 Sep 15 | 152 | 73 | 29 | 0 |
| 30 Jun 15 | 174 | 79 | 30 | 0 |
| 31 Mar 15 | 159 | 60 | 29 | 0 |
| 31 Dec 14 | 169 | 99 | 31 | 0 |
| 30 Sep 14 | 131 | 70 | 24 | 0 |
| 30 Jun 14 | 101 | 30 | 25 | 0 |
| 31 Mar 14 | 112 | 53 | 23 | 0 |
| 31 Dec 13 | 86 | 34 | 19 | 0 |
| 30 Sep 13 | 54 | 17 | 18 | 0 |
| 30 Jun 13 | 38 | 15 | 12 | 0 |
Quality Earnings: TCN has a large one-off gain of $50.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: TCN's current net profit margins (12.9%) are lower than last year (92.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TCN's earnings have grown significantly by 30.9% per year over the past 5 years.
Accelerating Growth: TCN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TCN had negative earnings growth (-85.2%) over the past year, making it difficult to compare to the Real Estate industry average (-29.5%).
Return on Equity
High ROE: TCN's Return on Equity (3.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/01 03:48 |
| End of Day Share Price | 2024/05/01 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
| Analyst | Institution |
|---|---|
| Wojtek Nowak | ATB Capital Markets |
| Stephen MacLeod | BMO Capital Markets Equity Research |
| Mark Rothschild | Canaccord Genuity |