Douglas Quesnel - Tricon Capital Chief Accounting Officer

TCN Stock  CAD 15.42  0.05  0.33%   

Executive

Mr. Douglas P. Quesnel is Chief Accounting Officer of the Company. Douglas Quesnel is responsible for all aspects of Tricons financial management, including external public reporting, private funds and advisory reporting and investment fund administration. Prior to joining Tricon in 2014, Mr. Quesnel served in senior executive roles with Dream Unlimited, including Chief Accounting Officer and Chief Financial Officer of Dream Global REIT, and Chief Financial Officer of Dream Unlimited Corporationration, where he was responsible for business planning and analysis, investor relations, financial reporting, debt and equity financing and tax planning since 2015.
Tenure 9 years
Professional MarksCPA
Address 7 St. Thomas Street, Toronto, ON, Canada, M5S 2B7
Phone416 925 7228
Webhttps://www.triconresidential.com
Quesnel has a CPA, CA designation and holds a Graduate Diploma in Public Accountancy from McGill University and a Bachelor of Commerce degree from Concordia University.

Tricon Capital Management Efficiency

The company has return on total asset (ROA) of 0.0208 % which means that it generated a profit of $0.0208 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0318 %, meaning that it generated $0.0318 on every $100 dollars invested by stockholders. Tricon Capital's management efficiency ratios could be used to measure how well Tricon Capital manages its routine affairs as well as how well it operates its assets and liabilities. As of the 2nd of May 2024, Return On Capital Employed is likely to grow to 0.03, while Return On Tangible Assets are likely to drop 0. At this time, Tricon Capital's Debt To Assets are very stable compared to the past year.
The company has accumulated 309.12 M in total debt with debt to equity ratio (D/E) of 2.66, implying the company greatly relies on financing operations through barrowing. Tricon Capital Group has a current ratio of 0.23, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Tricon Capital until it has trouble settling it off, either with new capital or with free cash flow. So, Tricon Capital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Tricon Capital Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tricon to invest in growth at high rates of return. When we think about Tricon Capital's use of debt, we should always consider it together with cash and equity.

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Tricon Capital Group Inc. is a principal investor and asset manager primarily focused on rental housing in North America. Tricon Capital Group Inc. was founded in 1988 and is based in Toronto, Canada with an additional office in San Francisco, California. TRICON CAPITAL operates under Real Estate Services classification in Canada and is traded on Toronto Stock Exchange. It employs 92 people. Tricon Capital Group (TCN) is traded on Toronto Exchange in Canada and employs 978 people. Tricon Capital is listed under Real Estate Management & Development category by Fama And French industry classification.

Management Performance

Tricon Capital Group Leadership Team

Elected by the shareholders, the Tricon Capital's board of directors comprises two types of representatives: Tricon Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tricon. The board's role is to monitor Tricon Capital's management team and ensure that shareholders' interests are well served. Tricon Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tricon Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
Camille Douglas, Independent Director
Douglas Quesnel, Chief Accounting Officer
Sandra Pereira, Senior Vice President, Head of Tax Services
Eric Scott, Lead Independent Director
Jonathan Ellenzweig, Chief Investment Officer
Peter Sacks, Lead Independent Director
Kevin Baldridge, President - Tricon American Homes
BComm JD, CoFounder Director
Michael Knowlton, Independent Director
David Mark, Managing Director
Craig Mode, Managing Director
Andrew Carmody, Managing Director
Kent Crandall, Senior Accounting
Geoffrey Matus, Co-Founder and Director
Tracy Sherren, Independent Director
David Veneziano, Executive Vice President, General Counsel, Corporate Secretary, Chief Legal Officer
Alexandra Blum, Chief Marketing Officer
John English, Head Development
Jeremy Scheetz, Director
Gregg Knutson, Senior Technology
Gary Berman, CEO and President and Non Independent Director
Evelyne Dube, Managing Director, Private Funds
Julie Burdick, Director, Investments
Wissam CPA, Executive CFO
Geoff Matus, Director, Co-Founder
Andrew Joyner, Managing Investments
Ira Gluskin, Independent Director
Kim Ciabattoni, VP Counsel
Reshma Block, Head Innovation
Alan OBrien, Head Operations
Sian Matthews, Independent Director
David Berman, Executive Chairman, Chairman of Investment Committee and Member of Executive Committee
Wojtek Nowak, Director - Corporate Finance & Investor Relations
Wissam Francis, Executive Vice President and Chief Financial Officer
Charlotte Kucyi, Senior Relations
Sherrie Suski, Executive Officer
Tara Tucker, VP Communications
Rick Timmins, Director, Investments
J Knowlton, Independent Director

Tricon Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Tricon Capital a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tricon Capital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tricon Capital's short interest history, or implied volatility extrapolated from Tricon Capital options trading.

Currently Active Assets on Macroaxis

When determining whether Tricon Capital Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tricon Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tricon Capital Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tricon Capital Group Stock:
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Please note, there is a significant difference between Tricon Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tricon Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tricon Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.