Opinions Paul Gardner, CFA
Tricon Capital GroupTCN.TOTOP PICKJan 20, 2015
Paul Gardner, CFAStock price when the opinion was issued
As of May 02, 2024. Market Open.
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The market has punished it too much. It is in the residential rental sector in the U.S., especially in the sun belt. The rentals are affordable and appeal especially to the 35 to 44 year old demographic who want to rent good homes rather than buy. The share price is at a 40% discount to the total value of all its homes. Good opportunities should emerge.
Andrew MoffsBilly Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Likes what they have done to set up the company well. Potential remains good. Likes the management and markets are starting to notice TCN. It is up 50% in the past year. Well positioned in the US market and their asset portfolio looks good. First pick in the Canadian real estate sector. Unlock Premium - Try 5i Free
Stockchase Insights
Bruce Campbell (2)Andrew MoffsBilly Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Good if you are looking for growth. Has seen a good level of growth. Pays a dividend yield of 1.6%. The company is somewhat leveraged. Unlock Premium - Try 5i Free
Stockchase InsightsAndrew MoffsAndrew MoffsAndrew MoffsAndrew MoffsBilly Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Largely exposed to US housing. Partnerships and growth are good and valuation is decent. The stock price has good momentum as well. Unlock Premium - Try 5i Free
Stockchase Insights
Jennifer RadmanAndrew MoffsAndrew Moffs
He wants to own residential or rental in the US. This company has 3 main businesses. 1) Asset management, 2) single-family rental in mostly south west Florida and 3) Arizona. Trades at about 20% discount to its NAV, but 2 things are going to push at higher. 1) All their assets are in US dollars and 2) they are about to get cheaper financing through securitization. Good managers and good assets. This should be trading at around $10. Yield of 2.71%.