Q: What is your analysis of Tricon (TCN)? It seems to be buying a lot of residential properties in the U.S. and in Canada. Just curious. Thanks.

A: Tricon Residential Inc., $19.67, symbol TCN on Toronto (Shares outstanding: 272.2 million; Market cap: $5.4 billion; www.triconresidential.com), owns and operates a portfolio of more than 37,000 single-family rental (SFR) homes and multi-family rental apartments in the U.S. and Canada. It focuses on the U.S…. Read More

Hi Pat: I’ve been looking for an investment related to the U.S. housing situation/recovery. The one stock I seem to be gravitating toward is Tricon Capital Group. As well, is there a U.S. housing ETF? Thanks.

Tricon Capital Group, $7.36, symbol TCN on Toronto (Shares outstanding: 90.5 million; Market cap: $674.3 million; www.triconcapital.com), is focused on North American residential real estate development. It has about $1.9 billion of assets under management.

Tricon manages limited partnerships that provide financing to developers, usually in… Read More