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  5. TCN: Your thoughts on the quater please. [Tricon Residential Inc.]
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Q: Your thoughts on the quater please.

Thanks
Asked by Daniel on May 11, 2023
5i Research Answer:

Cash flow was 14c per share vs 13c estimated; managed homes are now at 36,000 plus. net operating income rose 6.2%. Occupancy is 97.3%. Average rent rose 7.2% and with 16% turnover the outlook for higher rents looks good. Guidance was affirmed and TCN noted a 'high volume of leasing enquiries'. Revenue growth was solid and we like these results.