Tricon Residential (TCN) Stock
NYSE:TCN | $TCN
TCN Stock Price
TCN Company Profile
Company Description
Tricon Residential is a distinguished single family rental housing company that has been in business over 30+ years (founded in 1988). The company is listed on NYSE and TSX under the ticker TCN, and owns and operates over 35,000 single-family rental homes and over 5,000 multifamily renal apartments in the U.S. Sun Belt and multifamily apartments in Canada. Tricon Residential aims to be North America’s premier rental housing company, serving the middle-market demographic by owning quality properties in attractive markets, couples with strong operations. In January 2024, Blackstone agreed to take the company private for $3.5B.
Company Categories
- Single Family Rental (SFR)
- Single Family Rental (SFR) Investing
- Single Family Rental Property Management
- Largest Single Family Rental Companies
Company Details
Ticker Symbol: TCN
Exchange: NYSE
Website: Investors.TriconResidential.com
TCN Financials
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TCN Stock Analysis
TCN Stock Competitors & Alternatives
TCN Stock News & Activity
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Mackenzie Financial Corp Sells 336,736 Shares of Tricon Residential Inc. (NYSE:TCN) – MarketBeat
on April 23, 2024 at 10:14 am
Mackenzie Financial Corp Sells 336,736 Shares of Tricon Residential Inc. (NYSE:TCN) MarketBeat
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Tricon Residential Inc. (NYSE:TCN) Shares Bought by NewEdge Wealth LLC – Defense World
on April 19, 2024 at 11:41 am
Tricon Residential Inc. (NYSE:TCN) Shares Bought by NewEdge Wealth LLC Defense World
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Tricon Residential (TSE:TCN) Share Price Crosses Above 200-Day Moving Average of $12.59 – Defense World
on April 16, 2024 at 7:08 am
Tricon Residential (TSE:TCN) Share Price Crosses Above 200-Day Moving Average of $12.59 Defense World
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Tricon Residential (NYSE:TCN) Sees Strong Trading Volume – Defense World
on April 14, 2024 at 9:21 am
Tricon Residential (NYSE:TCN) Sees Strong Trading Volume Defense World
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Tricon Residential (NYSE:TCN) Sees Large Volume Increase – MarketBeat
on April 12, 2024 at 8:34 pm
Tricon Residential (NYSE:TCN) Sees Large Volume Increase MarketBeat
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TCN Stock Frequently Asked Questions
What is the Bull Case for Tricon Residential (TCN) Stock?
The bullish case for Tricon Residential (NYSE:TCN) stock can be summarized by the following market conditions:
- Housing Demand: Strong demand for rental homes drives occupancy and growth.
- Strategic Acquisitions: Acquiring properties in high-growth markets enhances portfolio value.
- Operational Efficiency: Innovative property management practices boost profitability and tenant satisfaction.
- Diversified Portfolio: Mix of single-family and multi-family units reduces risk.
- Sustainable Growth: Commitment to ESG principles appeals to investors and residents.
Does TCN Distribute a Dividend?
Yes, Tricon Residential (TCN) distributes a dividend. The company has a history of regularly paying quarterly dividends to its shareholders.
What is the Bear Case for Tricon Residential (TCN) Stock?
The bearish case for Tricon Residential (NYSE:TCN) stock can be summarized by the following market conditions:
- Economic Downturns: Recession risks lowering demand for rental properties.
- Interest Rate Increases: Higher borrowing costs could squeeze margins.
- Market Competition: Intensified rivalry in rental housing markets.
- Operational Challenges: Scaling issues may impact efficiency and costs.
- Regulatory Hurdles: Tighter housing regulations could constrain operations.
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