Tricon Residential Inc. (TSX: TCN) owns and operates approximately 30,000 single-family and multi-family rental units in 21 markets, in both Canada and the United States. In the Tricon American Homes business, the single-family portfolio has approximately 96% of its units located in the U.S. Sun Belt. In line with the company’s focus on urban areas that exhibit strong economic fundamentals and population growth, U.S. sunbelt population growth is projected to grow between 10% and 25% over the next decade, depending on the state.
Disclaimer: Palos Funds are shareholders of TCN.
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