- Property manager Tribe Property Technologies (TSXV:TRBE) is sharing robust preliminary growth figures in the Greater Toronto Area, increasing revenue by 263 per cent year-over-year
- The news follows the onboarding of five major development projects in the GTA in the first half of 2025
- Over the course of its 15 acquisitions to date, Tribe has grown to manage homes and communities representing more than 125,000 Canadians, all while delivering clear evidence of a path to profitability
- Despite the company’s improving financials, Tribe Property stock is down by more than 90 per cent since 2022
Property manager Tribe Property Technologies (TSXV:TRBE) is sharing robust preliminary growth figures in the Greater Toronto Area (GTA), where the company earns about 50 per cent of its revenue. For the six months ending June 30, 2025, Tribe expects to earn C$8.04 million in GTA-based revenue, up by 263 per cent from C$2.21 million year-over-year.
This content has been prepared as part of a partnership with Tribe Property Technologies Inc., and is intended for informational purposes only.
According to Thursday’s news release, growth is being driven by organic expansion efforts, as well as the acquisition of Meritus in late 2023, bolstering Tribe’s exposure to mid-rise and high-rise condominiums across downtown Toronto and Mississauga, and DMS in mid-2024, expanding Tribe’s rental property management presence across the GTA.
The news follows the onboarding of five major development projects in the GTA, plus five spread across Mississauga, Kitchener and Guelph, all in the first half of 2025, furthering Tribe’s national growth strategy of consolidation and technological modernization in what it views as Canada’s fragmented property management industry. Numerous M&A discussions are currently underway.
A stock divorced from improving financials
Over the course of its 15 acquisitions to date, Tribe has grown to manage homes and communities representing more than 125,000 Canadians, almost doubling revenue from C$15.83 million in 2021 to C$28.26 million in 2024, all while delivering clear evidence of a path to profitability by reducing adjusted EBITDA losses from C$8.2 million in 2022 to C$1.9 million in 2024, followed by positive results under the metric in Q4 2024 and Q1 2025.
Investors can expect audited financial results for Q2 2025 on August 28, 2025, with the company vying to expand its attractive financial track record and demonstrate to the market the disconnect between Tribe stock and the health and potential of the underlying business.
Confoundingly, the stock has given back 18.18 per cent year-over-year and more than 90 per cent since 2022, sitting at a near total loss, clearing the way for a potentially significant re-valuation. Shares last traded at C$0.36.
Leadership insights
“When we entered the GTA market in November 2023, Tribe had zero property management presence in the area. In less than two years, we have grown to manage approximately 20,000 homes,” Joseph Nakhla, Tribe Property Technologies’ chief executive officer, said in a statement. “This rapid growth reflects the strength and scalability of our solution, the successful integration of Meritus and DMS, and the dedication of our team. It demonstrates both the tremendous opportunity in the GTA and the broader potential of Tribe’s technology-driven property management model across Canada.”
About Tribe Property Technologies
Tribe is a tech-forward property manager serving stakeholders from construction to tenancy.
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