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Sunday, 03/20/2022 10:18:32 PM

Sunday, March 20, 2022 10:18:32 PM

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Same home Net Operating Income ("NOI") for the single-family rental business grew by 10.3% year-over-year and same home NOI margin increased by 0.8% to 68.3%. Same home occupancy increased by 0.3% year-over-year to 97.6%, and blended rent growth was 8.8% (comprised of new lease rent growth of 19.1% and renewal rent growth of 5.7%). In addition, Tricon's continued focus on resident retention led to a record-low annualized same home turnover rate of 16.3%;1

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