Tricon Residential Inc.TCN

Market cap

P/E ratio

	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Rental income from investment property	442	646	795
Direct operating expenses	146	209	262
Net operating income from single-family rental properties	296	436	533
Revenue from rendering of services	51	160	54
Income from equity-accounted investments in multi-family rental properties	75	2	5
Income from equity-accounted investments in Canadian residential developments	8	11	4
Other income	5	11	1
Income from investments in U.S. residential developments	32	17	31
Compensation expense	90	99	89
Performance fees expense	42	36	3
General and administration expense	41	59	87
Gain (loss) on debt modification and extinguishment	-3	-7	1
Transaction costs	13	19	17
Interest expense	148	214	316
Fair value gain on rental properties	991	859	211
Fair value loss on Canadian development properties	10	-0	-
Fair Value Gain (Loss), Derivative Financial Assets (Liabilities)	-220	185	-2
Amortization and depreciation expense	12	16	18
Foreign exchange gain (loss)	-3	0	-14
Net change in fair value of limited partners’ interests in single-family rental business	-186	-297	-145
Total income (expense)	361	338	-438
Income before income taxes from continuing operations	708	935	150
Income tax (expense) recovery - current	-43	-34	2
Income tax expense - deferred	234	189	26
Net income from continuing operations	517	779	122
Profit (Loss) From Discontinued Operations, Before Tax	-77	38	-
Income tax expense - current	47	43	-
Income tax recovery - deferred	-56	-40	-
Net income from discontinued operations	-68	35	-
Net income	450	814	122
Shareholders of Tricon	445	809	114
Non-controlling interest	4	6	8
Net income	450	814	122
Cumulative translation reserve	-	-	21
Comprehensive income for the year	449	798	142
Shareholders of Tricon	445	792	135
Non-controlling interest	4	6	8
Comprehensive income for the year	449	798	142
Continuing operations (in dollars per share)	2.34	2.82	0.42
Discontinued operations (in dollars per share)	-0.31	0.13	-
Basic earnings per share attributable to shareholders of Tricon (in dollars per share)	2.03	2.95	0.42
Continuing operations (in dollars per share)	2.31	1.98	0.41
Discontinued operations (in dollars per share)	-0.31	0.11	-
Diluted earnings per share attributable to shareholders of Tricon (in dollars per share)	2	2.09	0.41