Tribe Property Technologies: A Milestone in Profitability and Growth

In the dynamic world of property management, Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) has made a significant stride towards sustained profitability and cash flow generation. The Company recently announced preliminary Q4-2024 financial results, revealing positive Adjusted EBITDA and an increased annualized revenue run-rate exceeding $33 million. This remarkable achievement is a testament to Tribe's commitment to growth, profitability, and operational excellence.

Tribe's positive Adjusted EBITDA in Q4-2024 marks a pivotal step in the Company's journey towards sustained profitability and cash flow generation. This milestone reflects the strength of Tribe's diversified revenue model, robust acquisition pipeline, continued organic growth, and strategic focus on cost optimization. The successful integration of recent acquisitions, such as Meritus and DMSI, has played a vital role in enhancing operational efficiencies and expanding service offerings across Canada.



With tremendous organic and acquisitive growth in 2024, Tribe has become one of the largest property management companies in Canada, managing over 55,000 rental, strata, and condo units nationwide. The Company's comprehensive suite of services now includes strata and condo management, multi-family property and REIT rental management, student housing, not-for-profit housing, commercial property management, single-unit rental portfolio management, and project management for complex capital projects. Based on preliminary Q4-2024 financial results, the Company's annualized revenue run rate now exceeds $33 million.

Joseph Nakhla, CEO of Tribe, commented on the Company's achievements, "2024 has been a transformative year for Tribe as we achieved significant milestones that underscore our commitment to growth, profitability, and operational excellence. Achieving positive Adjusted EBITDA in Q4-2024 marks a pivotal step in our journey toward sustained profitability and cash flow generation. This milestone reflects the strength of our diversified revenue model, robust acquisition pipeline, continued organic growth, and strategic focus on cost optimization. The successful integration of recent acquisitions has played a vital role in enhancing our operational efficiencies and expanding our service offerings across Canada. These achievements, coupled with strong customer growth and the addition of new property management agreements/customers, position Tribe as a leader in property management solutions and demonstrates our unwavering focus on creating value for all of our stakeholders."



Tribe's acquisition strategy, including the acquisitions of Meritus and DMSI, has significantly improved the Company's financial performance and growth. The successful integration of these acquisitions has led to synergies and cost-cutting measures that have significantly improved Tribe's Adjusted EBITDA throughout the year. Additionally, the acquisitions have expanded Tribe's service offerings and managed units, contributing to the Company's increased revenue run-rate and positive Adjusted EBITDA in Q4-2024.

In conclusion, Tribe Property Technologies' preliminary Q4-2024 results demonstrate the Company's strong financial performance and growth. With positive Adjusted EBITDA and an increased annualized revenue run-rate exceeding $33 million, Tribe has solidified its position as a leader in the property management industry. The Company's acquisition strategy, cost optimization efforts, and focus on organic growth have all contributed to this remarkable achievement. As Tribe continues to execute its M&A strategy and deliver innovative solutions, investors can expect the Company to maintain its momentum and generate positive cash flow in the coming years.