Welcome to our dedicated page for Tricon Residential news (Ticker: TCN), a resource for investors and traders seeking the latest updates and insights on Tricon Residential stock.
Tricon Residential Inc (TCN) provides investors and stakeholders with timely updates through this comprehensive news hub. Track official announcements, strategic initiatives, and market developments from one of North America's leading residential real estate investors.
This resource consolidates all essential updates including earnings reports, portfolio expansions, and operational milestones. Users gain access to verified information about TCN's single-family rentals, multi-family developments, and asset management activities – critical for informed analysis of the company's performance.
The curated collection features press releases on land acquisitions, housing community management updates, and private fund developments. Stay informed about TCN's dual revenue streams from direct investments and advisory services without needing to track multiple sources.
Bookmark this page for direct access to primary-source updates on Tricon Residential's business operations. Check regularly for new developments in manufactured housing communities, homebuilding projects, and other core aspects of their $1.3 billion asset portfolio.
Tricon Residential Inc. announced shareholder approval for all resolutions during its annual meeting held on June 22, 2022. All proposed directors were elected, with over 98% voting in favor for each nominee. The company also confirmed the appointment of PricewaterhouseCoopers LLP as auditor, receiving 99.90% approval, and a 95.02% vote for the amendment of its shareholder rights plan. Tricon operates approximately 39,000 rental homes and apartments across the U.S. and Canada, focusing on enhancing resident experiences through a technology-driven platform.
Tricon Residential reported impressive Q1 2022 results with a 290% year-over-year increase in net income from continuing operations to $163.5 million. Diluted earnings per share surged 181% to $0.59. Core FFO per share rose 7.7% to $0.14, supported by a 32% increase in net operating income (NOI) from single-family rentals. The company expanded its portfolio by 1,935 homes, achieving a record 98% occupancy rate. Guidance for same home NOI growth was boosted to 7.5% to 9.5% for the year.
Tricon Residential Inc. (NYSE: TCN) will host a conference call on May 11, 2022, at 11 a.m. ET to discuss its financial results for Q1 2022. Financial statements and management analysis will be available prior to the call on the Company’s website and regulatory platforms. Interested parties can join the call by dialing (888) 550-5422 or (646) 960-0676 with Conference ID #3699415. A replay will be accessible from 2 p.m. ET on May 11 until midnight ET on June 11, 2022.
Tricon Residential Inc. (NYSE: TCN) announced that President & CEO Gary Berman will participate in a roundtable discussion at the 2022 Citi Global Property CEO Conference on March 7, 2022, at 3:30 PM Eastern Time. A live audio webcast will be accessible on Tricon's Investor Relations website, and a replay will be available until April 7, 2022. Tricon operates approximately 37,000 rental homes and apartments in the U.S. and Canada, focusing on enriching resident lives and improving the rental experience through technology.
Tricon Residential reported impressive financial results for Q4 2021, with net income from continuing operations rising 67% to $127 million year-over-year. Diluted EPS increased 28% to $0.46. Core FFO grew 10% to $45.6 million, while same home NOI and occupancy rates increased by 10.3% and 0.3%, respectively. The company also expanded its single-family rental portfolio with the acquisition of 2,016 homes and anticipates similar growth in 2022. Furthermore, the Core FFO per share for 2022 is projected to be between $0.60 and $0.64.
Johnson Development Corp. has appointed Michael J. Smith as President and CEO effective February 3, 2022, succeeding the late Larry D. Johnson, who founded the company in 1975. Smith, previously Co-President and COO, brings over two decades of industry experience. His leadership aims to build upon the strong foundation established by Larry Johnson. The company has developed numerous master-planned communities across major U.S. markets, including Houston and Dallas-Fort Worth. This leadership transition is expected to maintain continuity in the company’s vision and growth strategy.
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) will hold a live conference call on March 3, 2022, at 10 a.m. ET, to discuss its financial results for the fourth quarter and year-end of 2021. Financial statements and management discussions will be released prior to the call on its website and other regulatory platforms. Investors can join the call by dialing (888) 550-5422 or (646) 960-0676 (Conference ID #3699415). A replay will be available starting at 1 p.m. ET on the same day until April 2, 2022.
Tricon Residential (NYSE: TCN) has launched Tricon Vantage, a program designed to enhance the financial wellbeing of its U.S. residents. Central to this initiative is voluntary self-governing on renewal rents, capping annual increases below market rates. Key features include financial literacy programs in collaboration with Operation HOPE, a credit builder initiative, and a home purchase program for renters. Additionally, Tricon offers an emergency assistance fund and plans a down payment assistance program for long-term residents, reaffirming its commitment to resident stability and empowerment.
Tricon Residential Inc. (TSX: TCN, NYSE: TCN) announced the expansion of its build-to-rent community pipeline, now exceeding 3,000 units in 23 communities across the U.S. Sun Belt. These developments target the middle market, featuring predominantly 3-4 bedroom single-family homes with modern amenities. With over 600 homes projected for completion by 2022 and full delivery expected by 2024, Tricon aims to address the affordable housing shortage while stimulating local economies. The company leverages technology to enhance resident experiences in its rental communities.
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