Tribe Property Technologies Expands Portfolio with Acquisition of Ace Agencies

Tribe Property Technologies ( (TSE:TRBE) ) has provided an update.

Tribe Property Technologies has completed the acquisition of Ace Agencies, a residential single-unit rental property management firm based in Abbotsford, BC. This acquisition significantly enhances Tribe’s single-unit rental portfolio, particularly in the Fraser Valley and Greater Vancouver regions, and aligns with its strategy to expand its service offerings and meet growing market demand. The transaction, valued at $1,457,692 and paid entirely in common shares, strengthens Tribe’s position as a leading provider of tech-enabled property management solutions in Canada.

The most recent analyst rating on (TSE:TRBE) stock is a Buy with a C$0.75 price target. To see the full list of analyst forecasts on Tribe Property Technologies stock, see the TSE:TRBE Stock Forecast page.

More about Tribe Property Technologies

Tribe Property Technologies is a property technology company disrupting the traditional property management industry. It offers a tech-forward, integrated service-technology delivery model, aiming to streamline and digitize operations in the fragmented North American property management industry. Tribe’s platform focuses on reducing customer acquisition costs, increasing retention, and providing value-added products and services.

Average Trading Volume: 103,062

Technical Sentiment Signal: Sell

Current Market Cap: C$18.37M

Learn more about TRBE stock on TipRanks’ Stock Analysis page.