Tricon Residential

Tricon Residential, Inc. is a residential real estate investment company. It owns and operates single family rental homes and multi-family rental apartments in the United States and Canada. It operates through the five reportable segments: Single Family Rental Business,Multi Family Rental Business, Residential Development Business, Private Funds and Advisory Business and Corporate Activities. The Single Family Rental Business segment owns and operates single family rental homes primarily within major cities in the United States Sun Belt. The Multi Family Rental Business segment owns and operates garden style multi family rental properties primarily in the United States Sun Belt and condominium quality rental apartments in downtown Toronto. The Residential Development Business segment designs and develops premier multi family rental properties in Toronto. The Private Funds and Advisory Business segment provides asset management, property management and development management services. The Corporate Activities segment provides support functions in the areas of accounting, treasury, credit management, information technology, legal, and human resources. The company was founded by Geoffrey Matus and David Berman on June 3, 1988 and is headquartered in Toronto, Canada.

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q4 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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TWe are a rental housing company dedicated to providing an exceptional rental experience to every resident who makes one of our houses or apartments their home. We believe that quality rental housing can unlock life’s potential, and this drives our thinking and our actions every day. Founded in 1988 and listed on the Toronto Stock Exchange (TSX: TCN), Tricon owns over 30,000 single-family and multi-family rental homes across the United States and Canada, which we manage using an integrated technology-enabled operating platform. We are headquartered in Toronto, Ontario and have significant operations in Orange County, California, as well as approximately 20 other markets with a primary focus in the U.S. Sun Belt. We strive to be North America’s premier rental housing company. Our business philosophy involves taking care of our team first – empowering them to provide our residents with exceptional service and to positively impact the local communities where we operate. By providing an enhanced living experience, our residents rent for longer periods of time, treat our properties like their own, and share their experience with friends and family. This is how we continue to grow, and it is an approach that has proven to generate positive returns for our investors and shareholders.

LEANDER, Texas & TOMBALL, Texas--(BUSINESS WIRE)--Tricon Residential, a Blackstone Real Estate portfolio company, along with its residents, partners and local leaders, celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-based Highland Homes, these communities will expand housing supply in the Austin and Houston metropolitan areas by adding 303 n.

Tricon Residential Opens Two New Communities in Texas, Expanding Housing Supply

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns ratings to four classes of Tricon Residential 2024-SFR3 (TCN 2024-SFR3) single-family rental pass-through certificates. TCN 2024-SFR3 is a single-borrower, single-family rental (SFR) securitization that will be collateralized by a $550.5 million loan secured by first priority mortgages on 2,223 income-producing single-family homes. The fixed-rate loan requires interest payments only over its five-year term. The subject transaction will be the 12th KBRA-ra.

KBRA Assigns Ratings to Tricon Residential 2024-SFR3

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of Tricon Residential 2024-SFR3 (TCN 2024-SFR3) single-family rental pass-through certificates. TCN 2024-SFR3 is a single-borrower, single-family rental (SFR) securitization that will be collateralized by a $550.5 million loan secured by first priority mortgages on 2,223 income-producing single-family homes. The fixed-rate loan requires interest payments only over its five-year term. The subject transaction will be the.

KBRA Assigns Preliminary Ratings to Tricon Residential 2024-SFR3

Blackstone Group

NEW YORK & TORONTO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced the closing of the previously-announced statutory plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Blackstone Real Estate Partners X (“BREP X”), together with Blackstone Real Estate Income Trust, Inc. (“BREIT”), acquired all of the outstanding common shares of Tricon (“Common Shares”) for $11.25 per Common Sha.

Blackstone Real Estate Completes Privatization of Tricon

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced receipt of Investment Canada Act approval in connection with the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc., will acquire all of the outstanding common shares of Tricon (“Common Shares”) for US$11.25.

Tricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real Estate

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TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real Estate.

Tricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real Estate

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) is pleased to announce that at its special meeting (“Meeting”) of shareholders of the Company (“Company Shareholders”) held earlier today, Company Shareholders voted to approve the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trus.

Tricon Shareholders Approve Proposed Take Private by Blackstone Real Estate

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the “Company”), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, released its annual sustainability report today. The report is a comprehensive review of the Company's progress toward its five strategic sustainability priorities: Our People, Our Residents, Our Impact, Our Governance and Our Innovation. The Company also announced th.

Tricon Residential Releases 2023 Annual Sustainability Report

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TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have each recommended that shareholders of Tricon (“Company Shareholders”) vote “FOR” the resolution (the “Arrangement Resolution”) approving the statutory plan of arrangement under the Business Corporations Act (Ontario), pursuant to which.

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Tricon Shareholders Vote FOR the Arrangement Resolution Approving Transaction with Blackstone Real Estate

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today its consolidated financial results for the three and twelve months ended December 31, 2023. All financial information is presented in U.S. dollars unless otherwise indicated. The Company's operational and financial highlights of the quarter include: Ne.

Tricon Reports Strong Q4 2023 Results

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tricon Residential Inc. (NYSE: TCN) to Blackstone Inc. (NYSE: BX). Under the terms of the proposed transaction, shareholders of Tricon will receive $11.25 in cash for each common share of Tricon that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, o.

TRICON RESIDENTIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tricon Residential Inc. - TCN

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TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that on February 15, 2024, the Ontario Superior Court of Justice (Commercial List) (the “Court”) granted an interim order (the “Interim Order”) in connection with the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) pursuant to which Blackstone Real Estate Partners X (“BREP X”), together with Blackstone Real Estat.

Tricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special Meeting

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner, operator and developer of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, announced today that it intends to release its financial results for the fourth quarter of 2023 after markets close on February 27th, 2024. The company will not be holding a conference call following the release. Tricon's financial statements and management's discussi.

Tricon Announces Date for Fourth Quarter 2023 Earnings Release

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Tricon Residential Inc. (TCN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Tricon Residential Inc. (TCN) Soars 28.3%: Is Further Upside Left in the Stock?

One of the most impressive movers in today's market has to be Tricon Residential (NYSE: TCN ). Shares of TCN stock have rocketed nearly 30% in early afternoon trading on reports that Blackstone (NYSE: BX ) will be taking the company private.

Why Is Tricon Residential (TCN) Stock Up 30% Today?

Tricon Residential Inc.'s stock jumped 28% on Friday after Blackstone Inc. said it would buy the Canadian real-estate-investment company and take it private for $3.5 billion.

Tricon's stock rallies 28% on $3.5 billion buyout deal by Blackstone

Tricon Residential Inc (TSE: TCN) opened sharply up on Friday after Blackstone Inc (NYSE: BX) said it will buy the real estate company for about $3.5 billion. Details of Tricon-Blackstone agreement The all-cash agreement values each share of Tricon Residential at $11.25 (C$15.17).

Blackstone to spend $3.5 billion on buying a real estate company

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Tricon Residential Inc. (NYSE: TCN) to Blackstone for $11.25 per common share in cash is fair to Tricon shareholders. Halper Sadeh encourages Tricon shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Tricon and it.

TCN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Tricon Residential Inc. Is Fair to Shareholders

Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday.

Blackstone to take Tricon Residential private for $3.5 billion

NEW YORK & TORONTO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which Blackstone Real Estate Partners X together with Blackstone Real Estate Income Trust, Inc. (“BREIT”) will acquire all outstanding common shares of Tricon (“Common Shares”) for $11.25 (approximately C$15.17) per Common Share in cash (the “Transaction”).

Blackstone Real Estate to Take Tricon Residential Private

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News for Tricon Residential Stock (TCN)