Review of Tricon Residential

OCT 21, 2021 - Tricon has proved its resiliency throughout the financial crisis of 2008 and transformed its business model into one that is well-diversified and is looking towards the future as it incorporates technology into the real estate industry. We are maintaining our ‘B+’ rating.

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Q: With mortgage rates increasing and housing becoming less affordable would now be a time to buy IIP.UN and TCN.

Read Answer Asked by nick on July 07, 2022

Q: Hi,
I plan to sell my XLRE to raise US$ to add to some of my other US holdings that have been beaten up. For another real estate type holding which do you think is a better choice TCN or FSV? This can be held for 7-10 years till retirement.
Thanks,
Kerri

Read Answer Asked by KERRI on June 28, 2022

Tricon Residential Inc. (TCN)

Q: Blackstone bought a position in May 2020 and paid book value for the shares. The stock is now trading at 87% of the book value. It would not surprise me if they are looking to buy out the company. In any event, the stock seems undervalued.

Read Answer Asked by Murray on June 22, 2022