Tribe Property Technologies (OTCPK:TRPT.F) Conference Transcript

Summary of Tribe Property Technologies Conference Call Company Overview - Company Name: Tribe Property Technologies (OTCPK:TRPT.F) - Industry: Residential Property Management - Assets Under Management: $41.042 billion as of October 2025 [1] - Employees: Over 200 [1] - Homes Managed: Approximately 55,000 [2] - Projected Revenue for 2025: $30 to $33 million [2] - EBITDA Status: EBITDA positive [2] Core Business Model - Service Offering: Tribe provides a technology-backed alternative to traditional property management, focusing on managing residential communities, including condo corporations and rental buildings [3][4]. - Marketplace: The company has a platform that connects residents with products and services, enhancing community living [5]. - Revenue Streams: 20% of revenue comes from selling products and services to homeowners and landlords [8]. Financial Performance - Monthly Recurring Revenue (MRR): $38 to $35 per door, with an additional $10 per transaction [10]. - Gross Margin: Approximately 44% compared to traditional property management companies, which operate at 30% to 35% gross margin [10]. - Cost Savings: Managed buildings show a 10% reduction in insurance premiums and a 150% reduction in administrative costs [11][12]. - Recent Financial Growth: Nearly 100% year-over-year improvement in adjusted EBITDA and approximately 30% year-over-year revenue growth [15]. Growth Strategy - Acquisition Strategy: Tribe aims to grow through both organic means and acquisitions, targeting small property management companies for conversion to its service model [9][16]. - Market Position: Currently the third largest property management company in Canada for condos and the second largest for rentals [14]. - Market Opportunity: The HOA management market in Canada and the U.S. is valued at $120 billion annually [24]. Technology and Innovation - Technology Stack: Tribe utilizes a comprehensive technology platform to manage properties efficiently, allowing for better data collection and service delivery [5][20]. - AI Integration: The company is exploring AI applications to streamline community management and enhance resident interactions [19][20]. Market Dynamics - Industry Trends: Increasing density in urban areas is driving demand for property management services, with a shift towards living in community associations [17]. - Competitive Landscape: The market is fragmented, with significant growth potential as Tribe captures market share from traditional players [29]. Valuation and Market Perception - Market Capitalization: Approximately $18 million, despite projected revenues of $34 million to $35 million [22]. - Valuation Potential: The company believes it should trade at four to five times revenue, given its EBITDA positive status [22]. Conclusion - Tribe Property Technologies is positioned for significant growth in the residential property management sector, leveraging technology to enhance service delivery and operational efficiency. The company is actively pursuing acquisitions to expand its market presence and capitalize on the growing demand for managed community living.