Tricon Reports Strong Q1 2022 Results and Updates Full-Year Guidance
Tricon Residential Inc. (TCN)
Company Research
Source: Business Wire
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company"), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, announced today its consolidated financial results for the three months ended March 31, 2022.All financial information is presented in U.S. dollars unless otherwise indicated.The Company reported strong operational and financial results in the first quarter, including the following highlights:Net income from continuing operations increased by 290% year-over-year to $163.5 million compared to $41.9 million in Q1 2021; diluted earnings per share from continuing operations increased by 181% year-over-year to $0.59 compared to $0.21 per share in Q1 2021;Core FFO per share increased by 7.7% to $0.14, reflecting overall Core FFO growth of 32% driven by strong operating fundamentals and continued growth in the single-family rental portfolio, as well as higher fees genera
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TCN
Sec Filings
- 4/11/24 - Form 6-K
- 4/5/24 - Form 6-K
- 3/28/24 - Form 6-K
- TCN's page on the SEC website