TCN News and Press, Tricon Residential Inc. From 01/11/23

Summary The United States has a severe housing shortage. Even after the strong rally in home prices over the last few years, homebuilders aren't significantly ramping up construction. And yet, there is a huge cohort of Millennials entering their prime single-family home years over t...

Summary There was a fair degree of commonality amongst the three single-family rental (SFR) REITs this past reporting season. Higher operating expenses impacted the SFR industry in similar ways as the line item affected the broader rental housing sub-sectors. Public SFRs should reap...

Summary Single-Family Rental REITs have uncharacteristically lagged this year- dipping by more than 30% - swept up by stiff headwinds across the housing industry from the historic surge in mortgage rates. While residential rent growth has moderated significantly over the past quarter fr...

Summary U.S. equity markets posted their best weekly gains since June as cooler-than-expected inflation data, election results suggesting "fiscal gridlock" in DC, and limited China re-openings raised hopes of peaking inflation. Climbing back out of "bear market" territory, the S&a...

Summary The company was a major beneficiary of the macro trends that unfolded during the peak Covid years of 2020-21. High demand for its single-family rental homes and very low-interest rates supported the company’s aggressive expansion program. Rising interest rates, ...

Summary Nearly 200 REITs and a dozen homebuilders have reported third-quarter earnings results over the past three weeks, providing critical information on the state of the U.S. real estate industry. REIT earnings season was surprisingly strong across nearly all property sectors. ...

Tricon Residential Inc. (TCN) Q3 2022 Results Conference Call November 09, 2022 11:00 AM ET Company Participants Wojtek Nowak - MD, Capital Markets Gary Berman - President, CEO Wissam Francis - CFO Jonathan Ellenzweig - CIO Kevin Baldridge - COO Andre...

Tricon Residential press release ( NYSE: TCN ): Q3 FFO of $0.15 in-line. Revenue of $105.04M (+22.2% Y/Y). Sees FY 2022 core FFO per share of $0.75 to $0.77 vs. prior outlook of $0.60 to $0.64. The consensus FFO estimate is $0.65. For further details see: ...

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, announced today its consolidated financial results for the three and nine months ended Septe...

Summary U.S. equity markets slumped this week after the Federal Reserve approved another "jumbo" rate hike while lukewarm employment data pushed back the timeline for a potential "pivot" towards less-aggressive tightening. Retreating following its best week since November 2020, th...