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Texas Teachers teams up for $5 billion single-family rental venture
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Tricon announces $5B JV to acquire over 18,000 single-family rentals
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Single-Family Rental Market Booms as Home Prices Soar
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Single-Family Rental Market Booms as Home Prices Soar
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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./
TORONTO, May 12, 2021 /CNW/ - Tricon Residential Inc. (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, 2021. The Company also provided an update on recent operating trends. 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 was $41.9 million compared to a net loss of $46.5 million in the prior year; diluted earnings per share from continuing operations was $0.21 compared to a $0.24 loss per share in the prior year;