Report
EUR 14.45 For Business Accounts Only

An unfavourable environment weighs on TRICON RESIDENTIAL, which sees a downgrade to Neutral

The independent financial analyst theScreener just requalified the general evaluation of TRICON RESIDENTIAL (CA), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date January 18, 2022, the closing price was CAD 19.16 and its target price was estimated at CAD 16.97.
Underlying
Tricon Residential Inc

Tricon Capital Group is engaged in the provision of asset management services to funds managed by Co. of which the investors are high net worth individuals and institutional investors. Co. manages assets of funds that participate in the development of real estate in North America by providing financing (generally in the form of participating loans which consist of a base rate of interest and/or a share of net cash flow) to developers. Co. focuses specifically on residential land development, single-family homebuilding and multi-family construction as well as retail development done in conjunction with residential projects.

Provider
TheScreener
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