Business
Tribe Property Technologies Sees Expanded Presence in Greater Toronto Area with Increase in Revenue in the First Half of 2025
Tribe Property Technologies Sees Expanded Presence in Greater Toronto Area with Increase in Reven...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n\n\n\n Tribe Property Technologies Sees Expanded Presence in Greater Toronto Area with Increase in Revenue in the First Half of 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Tribe expects to generate\n \n $8.04 million\n \n in revenue from the\n \n Greater Toronto Area\n \n (GTA) during the first six months of 2025, an increase of 263%, compared to\n \n $2.21 million\n \n in revenue in the first six months of 2024.\n \n\n Since expanding its property management services to the GTA market 20 months ago, Tribe has grown from zero presence to now managing approximately 20,000 homes in the GTA, driven by the acquisitions of DMS and Meritus, as well as organic growth of Tribe's\n \n Toronto\n \n operations.\n \n\n The GTA portfolio now represents approximately 50% of Tribe's total revenue, highlighting the region's growing contribution to the Company's overall business.\n \n\n\n\n\n VANCOUVER, BC\n \n and\n \n TORONTO\n \n\n ,\n \n\n Aug. 21, 2025\n \n\n /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (\"\n \n Tribe\n \n \" or the \"\n \n Company\n \n \"), a leading provider of technology-elevated property management solutions, is pleased to announce strong preliminary growth metrics in the\n \n Greater Toronto Area\n \n (\"\n \n GTA\n \n \") across all its business units: Tribe Management, Meritus Group Management (\"\n \n Meritus\n \n \") and DMS Management (\"\n \n DMS\n \n \").\n \n\n\n\n\n\n\n\n\n According to preliminary results for the first six-month period ending\n \n June 30, 2025\n \n , Tribe expects to generate\n \n $8.04 million\n \n in revenue in the GTA region, an increase of 263% compared to revenue of\n \n $2.21 million\n \n in the first six months of 2024.  The Company's growth has been driven by both strategic acquisitions and organic expansion. The acquisition of Meritus in late 2023 and DMS in mid-2024 contributed significantly to revenue, while Tribe's\n \n Toronto\n \n operations have also expanded organically. Meritus strengthened Tribe's presence in mid-rise and high-rise condo...