Tricon Residential Q4 Core FFO Per Share $0.15 Beats $0.14 Estimate, Sales $206.80M Beat $117.4M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tricon Residential (NYSE:TCN) reported Q4 Core FFO per share of $0.15, surpassing the $0.14 estimate, and sales of $206.80M, exceeding the $117.4M estimate. This represents a 51.61% decrease in Core FFO per share year-over-year, but a 14.32% increase in sales from the same period last year.

February 27, 2024 | 10:08 pm
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Tricon Residential's Q4 earnings surpassed estimates with Core FFO per share at $0.15 and sales of $206.80M, indicating strong performance despite a year-over-year decrease in Core FFO.
Tricon Residential's performance in Q4, with both Core FFO per share and sales exceeding analyst estimates, suggests a positive short-term impact on its stock price. The significant beat on sales estimates and the year-over-year increase in sales revenue highlight the company's growth trajectory, which is likely to be viewed favorably by investors. However, the decrease in Core FFO per share year-over-year might raise some concerns, but the overall positive earnings report is expected to have a more substantial impact.
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