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
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 0/6 |
| Dividends | 4/6 |
My Notes
Capture your thoughts, links and company narrative
Tricon Residential Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$11.25 |
| 52 Week High | CA$11.25 |
| 52 Week Low | CA$6.53 |
| Beta | 1.47 |
| 1 Month Change | 0.81% |
| 3 Month Change | 1.99% |
| 1 Year Change | 43.31% |
| 3 Year Change | 3.27% |
| 5 Year Change | 39.32% |
| Change since IPO | 52.05% |
Recent News & Updates
Recent updates
Tricon Residential: Blackstone's Accretive Acquisition
Jan 24Tricon Residential: Attractive Set-Up Going Into 2024
Nov 14Tricon Residential's Performance Revenue Is Not Priced Into The Stock
Sep 20Tricon Residential Offers A Lot Of Value At Current Prices
Jul 05Tricon Residential: Expected Growth Consistent With Housing Recovery Theme And Scale Expansion
May 25Tricon Residential Is Cheap Relative To Its Growth
Feb 16Tricon Residential: Between A Rock And A Hard Place
Nov 11Tricon Residential to sell 20% equity interest in Sun Belt apartment portfolio
Oct 12Tricon Capital goes ex-dividend tomorrow
Sep 28Tricon Residential stock gains after nabbing Strong Buy from Raymond James
Aug 02Tricon Residential: Opportunity Follows Fear
Jun 23Zillow's Hottest Housing Markets 2022: Tricon Residential Is On Target
Mar 17Tricon Residential CEO Gary Berman - Single Family Rentals An Exciting Asset Class (Video)
Oct 11Shareholder Returns
| TCN | US Real Estate | US Market | |
|---|---|---|---|
| 7D | 2.1% | -5.5% | -2.4% |
| 1Y | 43.3% | 7.4% | 23.4% |
Return vs Industry: TCN exceeded the US Real Estate industry which returned 12.6% over the past year.
Return vs Market: TCN exceeded the US Market which returned 22.3% over the past year.
Price Volatility
| TCN volatility | |
|---|---|
| TCN Average Weekly Movement | 0.8% |
| Real Estate Industry Average Movement | 7.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
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
| TCN fundamental statistics | |
|---|---|
| Market cap | US$3.32b |
| Earnings (TTM) | US$114.19m |
| Revenue (TTM) | US$884.73m |
29.1x
P/E Ratio3.8x
P/S RatioIs TCN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 comparisonDividends
2.1%
Current Dividend Yield56%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/01 10:02 |
| 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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
| Analyst | Institution |
|---|---|
| Wojtek Nowak | ATB Capital Markets |
| Stephen MacLeod | BMO Capital Markets Equity Research |
| Mark Rothschild | Canaccord Genuity |