|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.71 - 12.71|
|52 Week Range||5.49 - 14.23|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||19.38|
|Earnings Date||Nov. 09, 2021 - Nov. 15, 2021|
|Forward Dividend & Yield||0.22 (1.83%)|
|Ex-Dividend Date||Sep. 28, 2021|
|1y Target Est||N/A|
Tricon Residential Inc. ("Tricon" or the "Company") (TSX: TCN) (NYSE: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, today announced the closing of its previously-announced marketed public offering of common shares of Tricon ("Common Shares") in the United States and Canada (the "Offering"), representing Tricon's initial public offering in the United States and listing of the Common Shares on the New York Stock Exchan
Blackstone (NYSE: BX) continues to pour money into single-family rental (SFR) homes. The private equity giant is investing another $45 million into Tricon Residential, an owner and operator of multifamily and SFR properties in the U.S. and Canada. Here's a closer look at Tricon and why Blackstone is pouring even more money into the residential home market.
The housing market continues to be characterized by low inventories and soaring prices, with year-over-year deceleration not expected until January 2022. Within this hot market, Tricon Residential President and CEO Gary Berman believes that the best new asset class may be single-family rental properties.