Tricon Residential Inc (Tricon Residential) is a residential real estate investment company. It invests in residential real estate development and management among others. It owns and manages single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform. Tricon invests and manages permanent capital on behalf of institutional investors, pension funds and sovereign wealth funds. It operates in the US and Canada. Tricon Residential is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
7 St. Thomas Street, Suite 801, Toronto, Ontario, M5S2B7
Website
www.triconresidential.com
Telephone
1 416 3232482
No of Employees
978
Industry
Construction
Ticker Symbol & Exchange
TCN (TSE)
Revenue (2022)
$849.8M
5.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-85.9%
(2022 vs 2021)
Market Cap*
$3.3B
Net Profit Margin (2022)
XYZ
-86.6%
(2022 vs 2021)
* As of and is in US$
Tricon Residential Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Real Estate Investment |
| Rental Housing |
| Residential Real Estate Investment and Development |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Regulatory Approval | In April, the company secured approval from the Ontario Superior Court of Justice to be acquired by Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust, Inc. |
| 2024 | Contracts/Agreements | In January, the company entered into an agreement to be acquired by Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust. |
| 2023 | Contracts/Agreements | In August, the company along with CreateTO and Kilmer Group entered into a partnership with the City of Toronto for the construction of Housing Now development project at 5207 Dundas Street West in Ontario, Canada. |
Competitor Comparison
| Key Parameters | Tricon Residential Inc | Morguard Corp | H&R Real Estate Investment Trust | SmartCentres Real Estate Investment Trust | Urbanfund Corp. |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Toronto | Mississauga | North York | Vaughan | Toronto |
| State/Province | Ontario | Ontario | Ontario | Ontario | Ontario |
| No. of Employees | 978 | 1,000 | 487 | 417 | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Berman | Chairman | Executive Board | 2015 | - |
| Gary Berman | Chief Executive Officer; President; Director | Executive Board | 2002 | - |
| Wissam Francis | Chief Financial Officer; Executive Vice President | Senior Management | 2014 | - |
| Kevin Baldridge | Chief Operating Officer; Executive Vice President | Senior Management | - | - |
| Gina McMullan | Chief Accounting Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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