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Tricon Reports Strong Operational Results in Q1 2021; Launches New Growth Vehicles and Raises $1 Billion of Equity from Third-Party Investors


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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; ....

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