Tricon Residential Inc. (NYSE:TCN) Q4 2022 Earnings Call Transcript

Kevin Baldridge: Yes. Thanks. I agree, this is a market where it’s still — there’s still ongoing moratoriums the residents living in the County, making it really difficult and fortunately for us, most people are responsible and they’re paying their rents. There is a small part of people who are taking advantage of it, and are going to wait it out until the more programs. And so, it makes a little bit more difficult to operate here. And so it’s as Gary mentioned, we’re probably going to hold-off on divesting anymore and going into the future.

Jonathan Kelcher: Okay. So, the 400 homes you’re looking to sell this year, that’d be sprinkled basically across your portfolio?

Gary Berman: No, they largely be Southeast Florida and LA County.

Jonathan Kelcher: Okay. And then lastly, just on the corporate overhead, let’s say you’re looking to have that down $0.03 this year, what is the starting point for that? Does that exclude the $50 million in LTIP from 2022?

Gary Berman: Yes.

Jonathan Kelcher: Okay. Thanks. I’ll turn it back.

Gary Berman: Great. Thanks, Jon.

Operator: And there are no further questions at this time. Mr. Gary Berman, I turn the call back over to you for some final closing comments.

Gary Berman: Thank you, Rob. I’d like to thank all of you on this call, for your participation. We look forward to seeing you at our upcoming Investor Day in April and speaking with you again in May to discuss our Q1 results. Operator This concludes today’s conference call. Thank you for your participation. You may now disconnect.