Tricon Residential Inc.TCN

Market cap

P/E ratio

	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Net income	450	814	122
Net income from discontinued operations	-68	35	-
Adjustments for non-cash items	-359	-474	22
Cash paid for AIP, LTIP and performance fees, net of equity contribution	-25	79	23
Advances made to investments	37	26	26
Distributions received from investments	-75	48	29
Addition of interest rate caps derivative	-	-	14
Changes in non-cash working capital items	49	-19	-28
Net cash provided by operating activities from continuing operations	116	267	138
Net cash provided by operating activities from discontinued operations	-3	3	-
Net cash provided by operating activities	114	270	138
Acquisition of rental properties	1,835	2,362	554
Capital additions to rental properties	197	326	177
Disposition of rental properties	35	80	197
Disposition of Bryson MPC Holdings LLC	-	11	-
Additions to fixed assets and other non-current assets	33	36	46
Net cash used in investing activities from continuing operations	-2,030	-2,633	-581
Net cash provided by investing activities from discontinued operations	422	213	-
Net cash used in investing activities	-1,608	-2,421	-581
Lease payments	2	3	6
Repurchase of common shares	700	-5	-9
Proceeds from corporate borrowing	239	300	640
Repayments of corporate borrowing	262	301	470
Proceeds from rental and development properties borrowing	2,228	3,968	1,771
Repayments of rental and development properties borrowing	1,524	2,172	1,903
Dividends paid	40	59	59
Change in restricted cash	-25	6	-4
Contributions from limited partners	479	489	495
Distributions to limited partners	74	37	37
Distributions to non-controlling interests	-	6	9
Net cash provided by financing activities	1,616	2,178	409
Effect of foreign exchange rate difference on cash	0	-0	0
Change in cash during the year	122	27	-34
Income taxes	1	1	15
Interest	146	185	291