Tricon Residential Inc.

DB:331 Stock Report

Market Cap: €3.1b

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 2.8% 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-2.1%
Revenue growth rate39.3%
Return on equity3.1%
Net Margin12.9%
Last Earnings Update31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Tricon Residential makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:331 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 238851141780
30 Sep 238562061680
30 Jun 239262931690
31 Mar 238906521760
31 Dec 228387741940
30 Sep 227938292410
30 Jun 226318352230
31 Mar 225815632010
31 Dec 215404551740
30 Sep 215014211090
30 Jun 214763001020
31 Mar 21450198930
31 Dec 20356110870
30 Sep 2024580730
30 Jun 2015159650
31 Mar 206141580
31 Dec 1950112490
30 Sep 1995111480
30 Jun 19149113470
31 Mar 19171121460
31 Dec 18276193470
30 Sep 18276174420
30 Jun 18280196420
31 Mar 18251153410
31 Dec 1716963360
30 Sep 1713147370
30 Jun 179715350
31 Mar 1711152300
31 Dec 1611159290
30 Sep 1611680320
30 Jun 1610889290
31 Mar 1610082270
31 Dec 1510258280
30 Sep 1515273290
30 Jun 1517479300
31 Mar 1515960290
31 Dec 1416999310
30 Sep 1413170240
30 Jun 1410130250
31 Mar 1411253230
31 Dec 138634190
30 Sep 135417180
30 Jun 133815120

Quality Earnings: 331 has a large one-off gain of $50.5M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: 331'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: 331's earnings have grown significantly by 30.9% per year over the past 5 years.

Accelerating Growth: 331's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 331 had negative earnings growth (-85.2%) over the past year, making it difficult to compare to the Real Estate industry average (-15.7%).

Return on Equity

High ROE: 331's Return on Equity (3.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/05/01 14:57
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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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