Mr. Wissam Francis reports

TRICON RESIDENTIAL RELEASES 2023 ANNUAL SUSTAINABILITY REPORT

Tricon Residential Inc. has released its annual sustainability report. The report is a comprehensive review of the company's progress toward its five strategic sustainability priorities: the company's people, its residents, the company's impact, its governance and its innovation. The company exceeded its sustainability targets for 2020 to 2022 and introduced its next set of three-year key performance indicators (KPIs).

"I am incredibly proud to share our annual sustainability report, which highlights our commitment to responsible business practices and showcases how Tricon's best-in-class resident experience is deeply intertwined with our sustainability program," said Gary Berman, chief executive officer and president of Tricon.

Tricon's key accomplishments highlighted in the report include:

• Investing in the company's people:
  • Tricon made over 1,700 courses available to all employees and delivered an average of 38 hours of training per employee in 2023, covering culture and business, wellness, professional development, technical skills, leadership development, and ethics and compliance.
  • Tricon achieved pay equity for 100 per cent of roles analyzed in its annual audit.
• Credit builder program:
  • To improve residents' credit scores, Tricon automatically reports participating residents' rent payments to major credit bureaus without reporting any missed payments. This initiative is part of Tricon Vantage, a market-leading suite of resources to help residents realize their financial goals and enhance their long-term economic stability.
  • The average credit score of the 2,340 participating residents was improved by 55 points.
• Down payment assistance program:
  • Qualified residents are eligible to receive $5,000 toward the down payment of any home they purchase in the United States.
  • In the first full year of the program, one family every month on average has received down payment assistance to purchase its own home.
• Resident home purchase program:
  • Tricon residents have priority access when Tricon decides to sell its homes and have the opportunity to buy them before they are listed for sale.
• Protecting the environment:
  • By installing 72,000 highly efficient, Energy Star rated appliances in its homes over the last four years, Tricon has significantly enhanced the baseline energy efficiency of its homes.
  • Tricon is currently targeting LEED Gold certification across 100 per cent of the Canadian multifamily development pipeline, representing over three million square feet of residential space.

The full 2023 sustainability report, a summary digest version and the company's 2023 sustainability performance scorecard are available on Tricon's website.

About Tricon Residential Inc.

Tricon Residential is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multifamily apartments in Toronto, Canada. The company's commitment to enriching the lives of its employees, residents and local communities underpins Tricon's culture and business philosophy. Tricon provides high-quality rental housing options for families across the United States and Toronto, Canada, through its technology-enabled operating platform and dedicated on-the-ground operating teams. The company's development programs are also delivering thousands of new rental homes and apartments as part of its commitment to help solve the housing supply shortage. At Tricon, the company imagines a world where housing unlocks life's potential.