Latest news with #TribePropertyTechnologiesInc
Cision Canada
2 days ago
- Business
- Cision Canada
Tribe Property Technologies Announces Timing of 2025 Second Quarter Financial Results Video Conference Call
VANCOUVER, BC, Aug. 19, 2025 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (" Tribe" or the " Company"), a leading provider of technology-elevated property management solutions, is pleased to announce the Company will release its second quarter 2025 financial results for the period ended June 30, 2025, on Thursday, August 28, 2025. The Company will hold a conference call and simultaneous webcast to discuss its results on the same day at 2:00 pm ET (11:00 am PT). The call will be hosted by Joseph Nakhla, Chief Executive Officer, and Angelo Bartolini, President & Chief Financial Officer. Related earnings release materials will be available on the Company's SEDAR profile at and Tribe's website at Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required. About Tribe Property Technologies Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit for more information. Tribe Property Technologies Inc. "Joseph Nakhla" Chief Executive Officer Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws, including statements relating to the expected financial results and the Company's goals and strategy. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include changes to applicable laws or the regulatory sphere in which the Company operates, general economic and capital markets conditions, and stock market volatility. Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether because of new information, future events or otherwise. SOURCE Tribe Property Technologies Inc.
The Market Online
22-07-2025
- Business
- The Market Online
A deeply undervalued property management technology leader
While real estate, as an asset class, is as popular as it's ever been, commanding more than US$213 trillion in global market capitalization, home prices have risen in tandem, creating an affordability crisis that affects more than 1.6 billion people and requires 96,000 new homes per day to be remedied, a goal the world is falling woefully short of. This article is disseminated in partnership with Tribe Property Technologies Inc. It is intended to inform investors and should not be taken as a recommendation or financial advice. The logical consequence here is upward pressure on rental market demand, tenancy representing a more affordable option towards safe and dignified accommodations, with the global rental market expected to compound at 7.4 per cent annually, touching US$4 trillion by 2030. Concurrent with real estate's rise in popularity among investors, the industry has, on a whole, neglected to keep up with technology and the leading-edge efficiencies it can bring to the journey from construction to tenancy and property management. Instead, the majority of new projects still rely on legacy systems based on paper documentation, wire transfers, anecdotal expertise, as well as physical cheques and signatures, adding unnecessary time and cost to the process of closing a deal. This dynamic – of higher home prices and stagnating technological adoption – puts a premium on companies with data-driven solutions than can streamline the property life-cycle, access value dormant in these legacy systems and push the real estate industry's leading edge to newfound levels of productivity. An unacknowledged leader in the property management space An under-the-radar player that stands out under our tech-driven thesis is Tribe Property Technologies (TSXV:TRBE) (OTCQB: TRPTF), market capitalization C$13.42 million, a property management company rapidly gaining market share thanks to its wholistic service and technology suite – from construction to management to living – which is using data to add value by decreasing customer acquisition costs and increasing retention. Here's the company's revenue breakdown: Software and service revenue, currently standing at about 80 per cent, stems from management fees across strata/condo, rental, commercial and new construction projects. Transactional revenue, at about 20 per cent, is generated from value-added services such as software licensing, data reporting, banking, parcel delivery systems and lease-up services. Over Tribe's more than 12 years in business, it has built a turnkey offering that currently stands as the third-largest condo management company in Canada – with over 50,000 homes under management, over 100+ developer partnerships and over 120,000+ residents in Tribe communities – guided by the company's self-ascribed goal of offering 'the most comprehensive and innovative solutions in an industry in need of change,' according to its official website. Tribe has delivered on this change since going public in 2021, growing its data set and extracting insights to improve the health of multi-family residential communities, commercial environments and investment properties, all while offering tangible evidence of being on a path to profitability. Despite this promise, the stock has given back more than 90 per cent to date, creating the conditions for a contrarian investment of monumental proportions. What the market is missing The seven brands in Tribe Property's portfolio grant investors a front-row seat to one of the most exciting micro-cap growth stories in the Canadian market, one where a company with a leadership position, poorly reflected in a stock at an almost total loss, continues to justify a re-rating with impressive financial results. Here they are, in brief: Tribe Management: Strata, condo and rental services in British Columbia, Alberta and Ontario. Meritus Group Management: Condo management services in the Greater Toronto Area. DMS Group Management: Ontario-based rental and commercial property services. Ace Agencies: A single-unit rental management provider in British Columbia, Tribe's most recent acquisition, which we'll discuss more in depth later in the article. Home Pro: Software to organize and streamline post-construction workflow. Tribe Home: The company's condo-living platform designed to strengthen accessibility and transparency among community members. Tribe Market: A marketplace with curated offers for residents, including discounts on food delivery, meal prep services and home insurance, among others. Tribe's multi-pronged approach to real estate value creation is based on a proven acquisition strategy, spanning 15 transactions to date, consisting of targeting inefficient operators, optimizing services through technology, consolidating redundancies, cross-selling services and introducing new ones to improve cash flow to fund future acquisitions. Tribe has validated this strategy on its income statements, delivering a five-year revenue compound annual growth rate (CAGR) of 58 per cent from 2020 to 2024, reflecting exponential growth from less than C$4.5 million in 2020 to over C$28 million as of December 2024. This was followed by a strong C$8 million in Q1 2025. Management has achieved this growth in line with profitability, with Tribe's quarterly adjusted EBITDA (side 6) rapidly increasing from a C$2.43 million loss in Q2 2022 to its first two quarters with positive results under the metric in Q4 2024 and Q1 2025, all while lowering total debt over the past four quarters. This high level of operational excellence is especially impressive, given the volatile macroeconomic environment driven by a pandemic and ongoing wars and trade disputes. 'The buildings Tribe manages are notable for their health. They spend less money on insurance and administrative costs and make more money on financial services with our technologies on board, which is why we have tens of thousands of units in our pipeline over the coming years,' Joseph Nakhla, Tribe Property's founder and chief executive officer (CEO), stated in a recent interview with Stockhouse. Tribe's financial trajectory, coupled with its numerous growth initiatives we'll discuss later on, substantiates its high-quality exposure to an ongoing global property management tailwind expected to post a 5.87 per cent CAGR from US$23.03 billion in 2025 to US$38.48 billion in 2034. Let's take a deeper look at Tribe's past two quarters and 2025 outlook to properly set our bearings about the company's near-term future. Q4 2024 Tribe's Q4 2024 included record revenue of C$8.43 million, up by 64.9 per cent year-over-year (YoY) from C$5.11 million, with more than 85 per cent generated from software and services contracts, encouraging stability on the income and balance sheet. The company also ended the quarter with C$730,000 in adjusted EBITDA, up by 169 per cent YoY from a C$1.05 million loss, marking the company's first profitable quarter, driven by accounting and back-end system consolidations across its subsidiaries, reduced cash burn and a 66.5 per cent YoY leap in gross margins to C$3.52 million. The full-year revenue figure added 46 per cent YoY from C$19.39 million to C$28.26 million, thanks to a 73 per cent increase in software and service fees catalyzed by revenue growth, Ontario-based acquisitions and the absence of material impacts from U.S. President Trump's ongoing global tariff regime. Q1 2025 Tribe carried positive momentum from Q4 2024 into Q1 2025, achieving C$8 million in sales, up by 49 per cent from C$5.3 million YoY, with approximately 80 per cent in the recurring category. The company backed up this nearly record-breaking figure with more fuel for its path to profitability, posting: Gross profits of C$3.3 million, up by 77 per cent from C$1.8 million YoY. Gross margin of 44 per cent, up from 39 per cent YoY. Adjusted EBITDA of C$320,000, up by 124 per cent YoY from a loss of C$1.4 million, notching the company's second positive quarter in a row, driven by increasing scale, greater efficiencies between its subsidiaries and value-accretive capital allocation, including C$1.25 million in vendor takeback debt repaid since September 1, 2024. Tribe parlayed its formidable financials into an insider-led, more than C$1 million financing that closed at a premium on March 31, bolstering the company's C$2.81 million cash position. Proceeds will go towards paying down more debt and streamlining payables during what management believes will be a strong year for the company. Tribe Property's 2025 outlook As per the Q1 2025 news release, management is confident that 2025 will be a year of continued improvements in revenue, margins and profitability, thanks to its solutions' ability to reduce costs and economic uncertainty across the real estate supply chain. Strategic goals for 2025 geared towards greater client and shareholder value include: Increasing monthly recurring revenue through new property management, software licensing and digital services agreements. Pursuing strategic acquisitions, with numerous discussions with profitable target companies currently underway and expected to bear fruit in the coming quarters. A constant focus on unleashing untapped efficiency across the business to improve gross margins, EBITDA and ultimately achieve net income profitability. Maintaining its leadership position by innovating within its software and services suite, emphasizing functionality and sophisticated integrations of artificial intelligence, with a focus on identifying trends to future-proof buildings, better serve the customer and unlock new revenue streams. Management has wasted no time delivering on its promise of value-accretive growth, recently closing on its acquisition of Ace Agencies, a profitable residential single-unit rental property management firm based in Abbotsford, British Columbia. Additionally, in July 2025, Tribe closed a C$5.75 million public offering, further strengthening its balance sheet. The company plans to use the proceeds to reduce outstanding debt and to fund future acquisitions, leveraging the additional flexibility to accelerate growth while maintaining a disciplined focus on profitability and operational efficiency. Tribe triples its single-unit rental portfolio The Ace acquisition tripled Tribe's exposure to Canada's high-margin singe-unit rental market, where demand is rising driven by high and stagnating condo prices, which are dissuading buyers and saddling developers with unsold units. Founded in 1969, Ace has earned its trusted name along the Fraser Valley and Lower Mainland thanks to a focus on reliable service and client needs, currently serving about 900 single-family rental homes. The company is profitable, posting positive EBITDA in 2024 at a margin of 10-15 per cent from more than C$1.4 million in unaudited revenue. Ace's financial performance in 2024 values Tribe's consideration of C$1,457,692 in shares at the deep-value price of approximately 1x EBITDA, offering investors exposure to the company's long-standing reputation and deep community roots for free. The acquisition puts Tribe one step closer to becoming a full-service property management solutions provider, supported by operations that Nakhla describes as well-positioned for sustainable growth and long-term value creation. 'We see Tribe achieving a C$50 million annual revenue run-rate within the next 18 months through combined organic and inorganic growth, putting us on a path to profitability aligned with some of the best-performing real estate players on the market,' Nakhla noted. 'We are strengthening our position as a national property management player with a C$13 million market cap, actively competing with the C$10.75-billion market cap FirstService and the US$4-US$6 billion Associa, continually adding new revenue streams while improving margins.' Let's now turn our attention to the leadership team behind Tribe's burgeoning success, and why their track records deserve high conviction in terms of reflecting this success in the stock price. A leadership team of business builders and real estate specialists Tribe's leadership team, heavily aligned with shareholders at 20 per cent insider ownership, boasts decades in the property management space, complemented by proven skill sets in technology, product development and capital markets that reinforce the company's growth initiatives. Management Joseph Nakhla, Tribe's CEO, founded the company in 2011 and has overseen its development since inception. He previously served as chief operating officer of TIO Networks, a former TSX-listed company acquired by Paypal. Nakhla serves on the boards of OctoAI Technologies and Minehub Technologies. Angelo Bartolini, president and chief financial officer (CFO), has built a more than 30-year career as a public company executive, previously serving as CFO of commercial real estate data and technology leader Altus Group for more than 12 years. Before that, he gained in-depth experience in senior financial roles within the Canadian divisions of Home Depot and Canadian Tire. Scott Ullrich, executive vice president (VP), is a property management veteran, guiding Gateway Property Management as CEO for multiple decades before Tribe acquired it in 2021. He currently leads Tribe's acquisitions and overall business operations. Board Mike Willis, Tribe Property's board chair, is the CFO of Group14 Technologies, a manufacturer of nanomaterials to produce low-cost, high-performance lithium-silicon batteries. Willis also served as CFO of Westport Fuel Systems, a TSX and Nasdaq-listed manufacturer of alternative fuel systems, as well as Gevo, a Nasdaq-listed industrial biotechnology company. His early career saw him occupy the roles of operating principle at Virgin Green Fund and investment manager at Virgin Management. Raymond Choy, director, CPA, is a president and board member of Peterson Group, a real estate investment, development and property management company, where he previously held the role of chief investment officer overseeing acquisitions and dispositions, development, lending, partnerships and private equity. Choy is a previous director of the NAIOP Commercial Real Estate Development Association and chair of the NAIOP Education Committee. Charmaine Crooks, director, is a member of the Order of Canada and a five-time Olympian. She has been president and founder of NGU Consultants since 1997, gaining applicable experience in global strategic advisory and corporate development in the technology, sports, e-sports, health and major events industries. Other current roles include vice president of the Global Esports Federation and founding chair of the Canada Esports Association. Andrew Kiguel, director, has co-founded and guided several Web3 companies including Hut 8, Metaverse Group, Hulk Labs and (now Realbotix). He raised more than $5 billion for clients during his 20-year career as an investment banker, including as managing director and head of real estate banking at GMP Securities (now Stifel Canada). Sanjiv Samant, director, is one of Canada's top company advisors and financiers, with more than 20 years creating value in the technology and healthcare sectors. He is founder and managing partner at PROPELR Growth (formerly Round13 Growth) and previously led the technology, media, telecommunications, sustainability and healthcare investment banking groups at a Canadian bank-owned dealer. Alex Yanitsky, director, previously served as General Partner at PROPELR Growth (formerly Round13), where he was an original member of the investment team. He has over 12 years' experience in growth equity, private equity and corporate finance in the Canadian and European markets. Prior to joining PROPELR Growth, Alex was an executive director at Goldman Sachs in the Principal Investment Area, the equity investing arm of Goldman Sachs' Merchant Banking Division, based in London, U.K. Well-versed in the intricacies of the tenant-manager relationship, the public market and the building of long-term business value, Tribe's executive team is customized to guide its rapidly growing operations without losing sight of bottom-line profitability. In the final section, we'll explore why the company's highly encouraging prospects have yet to find favor among investors and what this might mean about picking up shares today. A differentiated company that epitomizes the appeal of micro-cap stocks If we define investing as aligning your hard-earned dollars with the highest probabilities for meaningful returns, Tribe would fall squarely into the category, pairing a leadership position in the Canadian property management industry and a profitable track record with a stock utterly divorced from underlying operations. While this pairing represents a high-conviction opportunity for robust returns, as we've shown in this article, it's no surprise that the broader market has yet to key into it, since micro-cap stocks are inherently at risk of irrational price-value dislocations because of their small size, low liquidity and minimal analyst coverage. Often trading only a few thousand shares per day, with only one known analyst initiating coverage, Tribe is once again a perfect fit, offering investors who recognize the stock's failure to reflect the company's profitable growth an opportunity to build a stake at a massive discount to future potential. Despite its pessimistic stock performance, Tribe is positioned to carry on adding new services and technologies to its platform, leveraging the platform's ability to add value through efficiency – which is attractive regardless of economic environment – as well as a tight 43.41 million share count for future financings, with eyes on further establishing the Tribe brand as synonymous with fruitful long-term partnerships. In this way, Tribe is rapidly accelerating towards critical mass, one community at a time, when the growth of the business and the profits it generates can no longer be ignored by the average investor. 'As a shareholder, if you ask yourself, who is disrupting transportation? You might say Uber. Food delivery? You'll say DoorDash. Hotels and travel? Perhaps aggregators such as Airbnb or Travelocity. But if you ask yourself who is disrupting the multi-trillion-dollar real estate industry,' Nakhla added, 'I think Tribe should come to mind.' Join the discussion: Find out what everybody's saying about this property management technology stock on the Tribe Property Technologies Inc. Bullboard and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Cision Canada
29-05-2025
- Business
- Cision Canada
Tribe Property Technologies Achieves Revenue of $8 million in Q1-2025, and Second Consecutive Quarter of Positive Adjusted EBITDA
Tribe achieved revenue in the first quarter 2025 of $8.0 million; an increase of 49% compared to $5.3 million for the first quarter of 2024. Tribe achieved positive Adjusted EBITDA 1 for the second consecutive quarter. Adjusted EBITDA in the first quarter of 2025 was $0.3 million, an improvement of 124% compared to an Adjusted EBITDA loss of $1.4 million in the first quarter of 2024. VANCOUVER, BC, May 29, 2025 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (" Tribe" or the " Company"), a leading provider of technology-elevated property management solutions, today announces its financial results for the fiscal first quarter ended March 31, 2025. All amounts are stated in Canadian dollars on an as reported basis under IFRS (International Financial Reporting Standards) unless otherwise indicated. Joseph Nakhla, Tribe's CEO commented, " We are extremely pleased with the strong results delivered in Q1-2025, which reflect the successful execution of our growth strategy. Achieving revenue of $8.0 million, a 49% increase over Q1-2024, and generating positive Adjusted EBITDA for the second consecutive quarter are significant milestones for Tribe. Our year-over-year adjusted EBITDA improvement highlights our ability to drive profitability even amidst macroeconomic volatility. Since September 1, 2024 we have been able to repay $1.25 million in vendor takeback debt. The recently announced agreement to acquire Ace Agencies illustrates our desire to strengthen our position in the single unit rental market with its high margins and increasing demand from condo owners. As we continue to innovate and add new services, we are confident that Tribe is well-positioned for sustainable growth and long-term value creation. Our outlook for the full year remains optimistic, and we are excited about the opportunities ahead as we work to deliver sustained value for our shareholders and clients." Angelo Bartolini, Tribe's President and CFO, stated, "T he strong financial performance in Q1-2025, including our second consecutive quarter of positive Adjusted EBITDA, underscores Tribe's ability to generate positive cash flows while maintaining a solid financial foundation. With a 49% increase in revenue and the successful completion of our non-brokered private placement, we are in a strong position to execute on our strategic initiatives. The $1.1 million in proceeds from the private placement, along with our commitment to reducing debt and managing payables, enhances our financial flexibility and provides a solid base for continued growth. As we continue to navigate the challenges of the current economic environment, we remain focused on improving profitability, expanding our service offerings, and improving operational efficiencies." Q1-2025 Financial Highlights: Revenue: Tribe achieved first quarter 2025 revenue of $8.0 million; an increase of 49% compared to $5.3 million for the first quarter of 2024. Revenue growth was driven by acquisitions over the past year and the Company's organic growth. Gross profit 2: Gross profit for the first quarter of 2025 was $3.3 million; an increase of 77% compared to $1.8 million in the first quarter of 2024. Gross margin percentage was 44% in the first quarter of 2025, compared to Gross margin percentage of 39% in the first quarter of 2024. Adjusted EBITDA(2): Adjusted EBITDA for the first quarter of 2025 was $0.3 million; an improvement of 124% compared to an Adjusted EBITDA loss of $1.4 million in the first quarter of 2024. The improvement in Adjusted EBITDA was due to scaling of the business, efficiency initiatives implemented last year, consolidation of accounting systems and backend processes across acquired companies. Q1-2025 Business Highlights: On January 22, 2025, the Company announced its partnership with Electric Asset Inc., a provider of intelligent energy management solutions, to offer strata corporations in British Columbia access to specialized services such as Electrical Planning Reports (EPRs), EV Ready Plans (EVRPs), Opportunity Assessment Reports (OARs), Annual Energy and Carbon Reporting (GHG), and Voltage Conversion Projects (VCPs). The partnership supports compliance with evolving legislation, enhances building sustainability, streamlines access to grants, and promotes ESG initiatives. On February 6, 2025, the Company announced the launch of its proprietary Property Management Inspections Tool, available within the Tribe Home platform to digitize and streamline on-site inspections. The tool enhances reporting accuracy, supports regulatory compliance, and provides greater visibility for Strata Councils and Condo Boards. The Company also reaffirmed the strength of its asset-light model and resilient revenue base amid global macroeconomic volatility. On March 28, 2025, the Company completed a private placement equity financing raising gross proceeds of $1.1 million from the sale of units of the Company at a price of $0.52 per unit. Each unit consisted of one common share and one-half of a common share purchase warrant of the Company. Each whole common share purchase warrant entitles the holder to acquire one common share at a price of $0.82 per common share, until March 28, 2030, subject to adjustment in certain events. The financing, led by the CEO, CFO, EVP, and members of the Board of Directors, was priced above the 20-day VWAP, underscoring insider confidence and supporting the Company's financial stability during a period of economic uncertainty. Events Subsequent to March 31, 2025: On May 27, 2025, the Company announced its agreement to acquire Ace Agencies Ltd., a single-unit rental property management firm based in Abbotsford, British Columbia, significantly expanding Tribe's rental portfolio in the Fraser Valley and Lower Mainland. Ace Agencies generated over $1.4 million in unaudited revenue with positive EBITDA[3] in 2024 and manages approximately 900 single-family rental homes. The acquisition increases Tribe's single-unit rental portfolio by 275%, tripling its presence in this segment and aligning with the Company's strategy to offer full-service property management solutions to both investors and homeowners across Canada. Outlook: Management remains optimistic that 2025 will be a strong year for Tribe. In addition, the Company expects to further augment its growth through acquisitions. Tribe remains resilient in the current higher interest rate environment with technology solutions that benefit our clients. The Company's key goals for 2025 are as follows: Increase growth. Growth will be fueled by landing new property management agreements, onboarding more communities onto the Tribe platform, winning new software licensing agreements and increasing digital services revenue. Pursue strategic acquisitions. Tribe continues to evaluate strategic acquisitions with a view of adding targets that would be immediately accretive. Continue to innovate. Tribe is committed to investing in its software platform, adding functionality and leveraging artificial intelligence in order to maintain its industry leadership position. First Quarter 2025 Financial Results Webinar The Company will hold a conference call and simultaneous webcast to discuss its results on May 29, 2025, at 2:00 pm ET (11:00 am PT). The call will be hosted by Joseph Nakhla, Chief Executive Officer, and Angelo Bartolini, Chief Financial Officer. Please dial-in 10 minutes prior to start of the call. Webinar Details: Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required. Non-IFRS Measures This news release contains non-IFRS measures, including Gross Profit, Gross Profit Percentage and Adjusted EBITDA. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS and should be read in conjunction with the consolidated financial statements for the periods indicated. Gross Profit 2 Three Months Ended March 31 $000s 2025 2024 Revenue, excluding ancillary revenues $ 7,454 $ 4,684 Cost of software & services and software license fees (excluding costs related to ancillary revenues) 4,198 2,847 Gross Profit 2 $ 3,256 $ 1,837 Gross Profit 2 Percentage 43.7 % 39.2 % Financial Statements and Management's Discussion & Analysis Please see the consolidated financial statements and related Management's Discussion & Analysis ("MD&A") for more details. The unaudited consolidated financial statements for the first quarter ended March 31, 2025 and related MD&A have been reviewed and approved by Tribe's Audit Committee and Board of Directors. Tribe recognizes that most of its investors are now accessing corporate and financial information either through pushed news services, directly from or SEDAR+. Thus, Tribe has prepared this truncated news release to alert investors to its results and that a more detailed explanation and analysis is readily available in the MD&A. These reports have been filed on SEDAR+ at and posted at Footnotes (1) Non-IFRS measures: Adjusted EBITDA does not have a standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. We define Adjusted EBITDA attributed to shareholders as net income or loss excluding severance and acquisition costs, interest expense and finance costs, foreign exchange gains and losses, current and deferred income taxes, depreciation and amortization, stock-based compensation, fair value gains and losses on investments, and other expenses. We believe Adjusted EBITDA is a useful measure as it provides important and relevant information to our management about our operating and financial performance. Adjusted EBITDA also enables our management to assess our ability to generate operating cash flow to fund future working capital needs, and to support future growth. Excluding these items does not imply that they are non-recurring or not useful to investors. Investors should be cautioned that Adjusted EBITDA attributable to shareholders should not be construed as an alternative to net income (loss) or cash flows as determined under IFRS. (2) Non-IFRS measures: Gross profit and gross profit percentage do not have a standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. We define gross profit as revenue, excluding ancillary revenues, less cost of software and services and software licensing fees. Cost of software and services include direct costs of community managers, client accounting staff and accounting software, excluding client administration and other administrative applications. We define gross profit percentage as gross profit calculated as a percentage of revenues, excluding ancillary revenues. Gross profit and gross profit percentage should not be construed as an alternative for revenue or net loss in accordance with IFRS. We believe that gross profit and gross profit percentage are meaningful metrics in assessing our financial performance and operational efficiency. (3) Non-IFRS measures: Earnings before interest, taxes, depreciation and amortization (" EBITDA") is a non-IFRS measure. EBITDA should not be construed as an alternative to net income/loss determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric with respect to Ace Agencies as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. "Joseph Nakhla" Chief Executive Officer 1606-1166 Alberni Street Vancouver, British Columbia V6E 3Z3 Phone: (604) 343-2601 Email: [email protected] About Tribe Property Technologies Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit for more information. Cautionary Statement on Forward-Looking Information This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Forward-looking statements or information in this news release may relate to statements with respect to the aims and goals of the Company; financial projections; growth plans including future prospective consolidation in the property management sector; future acquisitions by the Company and impact on the Company; 2025 outlook; beliefs of the Company with respect to the independent owner-investors market; prospective benefits of the Company's platform; and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Tribe Property Technologies Inc.
Cision Canada
21-05-2025
- Business
- Cision Canada
Tribe Property Technologies Announces Timing of 2025 First Quarter Financial Results Video Conference Call
VANCOUVER, BC, May 21, 2025 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE; OTCQB: TRPTF) (" Tribe" or the " Company"), a leading provider of technology-elevated property management solutions, is pleased to announce the Company will release its first quarter 2025 financial results for the period ended March 31, 2025, on Thursday, May 29, 2025. The Company will hold a conference call and simultaneous webcast to discuss its results on the same day at 2:00 pm ET (11:00 am PT). The call will be hosted by Joseph Nakhla, Chief Executive Officer, and Angelo Bartolini, Chief Financial Officer. Related earnings release materials will be available on the Company's SEDAR profile at and Tribe's website at Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required. About Tribe Property Technologies Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit for more information. Visit for more information. Tribe Property Technologies Inc. "Joseph Nakhla" Chief Executive Officer Tribe Property Technologies Inc. Joseph Nakhla Chief Executive Officer 1606-1166 Alberni Street Vancouver, British Columbia V6E 3Z3 Phone: (604) 343-2601 Email: [email protected] Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws, including statements relating to the expected financial results and the Company's goals and strategy. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include changes to applicable laws or the regulatory sphere in which the Company operates, general economic and capital markets conditions, and stock market volatility. Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether because of new information, future events or otherwise.
Yahoo
20-02-2025
- Business
- Yahoo
Bullish Tribe Property Technologies Insiders Loaded Up On CA$1.18m Of Stock
Over the last year, a good number of insiders have significantly increased their holdings in Tribe Property Technologies Inc. (CVE:TRBE). This is encouraging because it indicates that insiders are more optimistic about the company's prospects. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether. Check out our latest analysis for Tribe Property Technologies The Executive Vice President Randall Ullrich made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.0m worth of shares at a price of CA$4.33 each. That means that even when the share price was higher than CA$0.44 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. In the last twelve months Tribe Property Technologies insiders were buying shares, but not selling. They paid about CA$0.87 on average. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Tribe Property Technologies insiders own about CA$5.0m worth of shares. That equates to 35% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. The fact that there have been no Tribe Property Technologies insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Tribe Property Technologies and we see no evidence to suggest they are worried about the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 4 warning signs for Tribe Property Technologies (3 don't sit too well with us) you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
