Tricon Residential Inc. (TSE:TCN) has released an update.
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Tricon Residential Inc. experienced a challenging fourth quarter in 2023, reporting a net loss from continuing operations of $35.5 million and a decrease in Core FFO per share by 51.6% compared to the previous year. Despite the losses, the company saw a 6.2% increase in same home NOI growth year-over-year and acquired 264 homes. Additionally, a significant transaction with Blackstone is set to take place in Q2 2024, involving the acquisition of Tricon’s outstanding common shares, potentially leading to the company’s delisting from stock exchanges.
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