Review of Tricon Residential
DEC 07, 2023 - TCN's core operations of SFR rental properties have performed well on a year-over-year basis, and we feel that its valuation is at an attractive level for investors. It trades at a price-to-book of less than 1.0X, and its SFR rental revenues continue to expand year-over-year. It is seeing demand from institutional investors, and its joint venture operations help to add revenue diversification. We believe that as interest rates stagnate or decline, investor appetite for real estate exposure will increase once again, and we feel that TCN will benefit from this. Its operations continue to be strong, and we feel that its positioning within the US Sun Belt states positions it well. We are maintaining our rating at a ‘B+’.
Download ReportI HAVE REQUESTED TO HAVE THE BUY OUT BY BLACKSTONE PAID TO ME IN $US AND THEN WILL TRANSFER THEM OUT OF THE TFSA INTO MY NON REGUISTERED ACCOUNT.
QUESTION. IN JAN 2025 I INTEND TO REPLACE THE VALUE OF THE TCN SHARES BACK INTO MY TFSA. WHAT WILL BE THE VALUE THAT I CAN PUT BACK?
What do you think about the US$11.25 per share valuation being offered?
This news only appears on the USD ticker’s page here on 5i (?).
https://ksfcounsel.com/cases/nyse-tcn/