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Last C$11.29 CAD
Change Today +0.19 / 1.71%
Volume 409.0K
TCN On Other Exchanges
Symbol
Exchange
OTC US
As of 4:00 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

tricon capital group inc (TCN) Snapshot

Open
C$11.10
Previous Close
C$11.10
Day High
C$11.37
Day Low
C$11.10
52 Week High
03/30/15 - C$11.37
52 Week Low
08/11/14 - C$7.17
Market Cap
1.0B
Average Volume 10 Days
726.4K
EPS TTM
C$1.00
Shares Outstanding
90.3M
EX-Date
03/27/15
P/E TM
11.3x
Dividend
C$0.24
Dividend Yield
2.13%
Current Stock Chart for TRICON CAPITAL GROUP INC (TCN)

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tricon capital group inc (TCN) Details

Tricon Capital Group Inc. is a real estate investment firm specializing in making investments in the residential sector with a focus on for-sale housing and financially distressed investments in primarily entitled land, finished and partially-finished lots, and standing home inventory, largely through the purchase of deeply discounted bank notes, REO, bankruptcy sales and sales from other motivated buyers at significant discounts to peak pricing. The firm seeks to invest in the United States and Canada. It also provides financing to local operators or developers in select markets in the United States and Canada, with a primary focus on for-sale housing in growing markets. Tricon Capital Group Inc. was founded in 1988 and is based in Toronto, Canada.

195 Employees
Last Reported Date: 03/11/15
Founded in 1988

tricon capital group inc (TCN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$425.0K
Executive Chairman, Chairman of Investment Co...
Total Annual Compensation: C$701.0K
Interim Chief Financial Officer and Executive...
Total Annual Compensation: C$246.3K
Managing Director
Total Annual Compensation: C$255.8K
Compensation as of Fiscal Year 2013.

tricon capital group inc (TCN) Key Developments

Tricon Capital Group Inc. Declares Dividend Payable on April 15, 2015

Tricon Capital Group Inc. announced a dividend of six cents per share payable on April 15, 2015 to shareholders of record on March 31, 2015.

Tricon Capital Group Inc. Announces Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Tricon Capital Group Inc. announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of CAD 48,303,000 compared to CAD 16,230,000 a year ago. Diluted earnings per share were CAD 0.50 compared to CAD 0.18 a year ago. Adjusted base revenue was CAD 29,904,000 compared to CAD 17,872,000 a year ago. Adjusted EBITDA was CAD 39,330,000 compared to CAD 28,196,000 a year ago. Adjusted net income was CAD 32,468,000 compared to CAD 11,422,000 a year ago. Adjusted diluted earnings per share were CAD 0.30 compared to CAD 0.10 a year ago. In the fourth quarter, adjusted base revenue increased by CAD 12.0 million or 67% to CAD 29.9 million. These increases were attributable to the fair value increase of investments in Tricon Housing Partners (THP) and growth of the Tricon American Homes (TAH) portfolio. Adjusted EBITDA in the fourth quarter of 2014 increased by CAD 11.1 million or 39%. The increase was the result of increased adjusted base revenue as well as the fair value increase of the TAH portfolio. For the year, the company reported net income of CAD 110,403,000 compared to CAD 36,073,000 a year ago. Diluted earnings per share was CAD 1.05 compared to CAD 0.59 a year ago. Adjusted base revenue was CAD 90,937,000 compared to CAD 46,878,000 a year ago. Adjusted EBITDA was CAD 99,794,000 compared to CAD 68,787,000 a year ago. Adjusted net income was CAD 64,347,000 compared to CAD 34,686,000 a year ago. Adjusted diluted earnings per share was CAD 0.59 compared to CAD 0.45 a year ago. The increase in earnings is primarily driven by the growth in AUM, increase in fees earned, and continued value creation activities from principal investments. Adjusted EBITDA excluded unrealized foreign exchange gains of CAD 59.2 million compared to CAD 68.8 million for 2013.

Tricon Capital Group Inc. Announces Executive Changes

Tricon Capital Group Inc. announced that David Berman, Chief Executive Officer, is retiring as CEO effective March 10, 2015, and that Gary Berman, formerly President and Chief Operating Officer, has been appointed as President and Chief Executive Officer. David Berman will remain on the company's Board of Directors and will assume the role of Executive Chairman. He will also continue to be the Chair of the company's Investment Committee. David Berman co-founded Tricon in 1988 and, as its Chief Executive Officer. Prior to joining Tricon, Gary Berman held various positions in real estate development and finance with the Canderel Group of Companies, the Blackstone Group and Goldman Sachs.

 

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TCN

Industry Average

Valuation TCN Industry Range
Price/Earnings 10.2x
Price/Sales 5.0x
Price/Book 1.7x
Price/Cash Flow 8.0x
TEV/Sales 3.9x
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