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.
For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.