Tribe Property Technologies (TRBE) Planet MicroCap Showcase summary

Market positioning and growth

• Achieved national scale in Canada, now the second largest property management company due to a recent acquisition.

• Operates a proprietary technology platform, serving both new developments and existing buildings, with a focus on data-driven decision-making.

• Manages CAD 42-43 billion in assets, up from zero in 2018, reflecting rapid growth through 12 acquisitions and organic expansion.

• Only national player in North America able to manage all asset types (condo, rental, commercial, nonprofit) with a digital strategy.

• Holds 4-5% market share in a highly fragmented industry, with the largest competitor at 8%.

Technology and service differentiation

• Offers a comprehensive resident app for booking amenities, accessing financials, and purchasing services, with 78% engagement.

• Provides benchmarking tools for building performance and manages warranties, budgets, and compliance digitally.

• Aggregates data to negotiate exclusive deals for residents, such as discounted telecom services.

• Enables seamless rental and sales transactions within the platform, with plans to expand predictive maintenance and financial modeling.

• Delivers higher gross margins (41.5%) and higher per-home revenue compared to traditional property managers.

Financial performance and strategy

• Revenue model is 80% recurring from software and services, with additional transactional revenue from in-app purchases and services.

• Recent acquisition (Del Management Solutions) completed national footprint and boosted top-line and EBITDA.

• Achieved zero banking fees for clients through scale and negotiation with major Canadian banks.

• Targeting EBITDA positive by year-end, following a period of negative EBITDA due to national expansion investments.

• Confident in reaching cash flow positive without further capital raises, aiming to use stock for future M&A.