Altus Group Ltd
TSX:AIF

Watchlist Manager
Altus Group Ltd Logo
Altus Group Ltd
TSX:AIF
Watchlist
Price: 55.61 CAD -1.03% Market Closed
Market Cap: 2.4B CAD

Altus Group Ltd
Investor Relations

Altus Group Ltd. stands at the intersection of real estate and technology, carving a niche as a leading provider of software, data solutions, and independent advisory services to the global commercial real estate industry. With roots tracing back to land and property consulting services, the company has evolved significantly. Today, Altus Group is a trusted ally in helping stakeholders navigate the complexities of property valuations, asset management, and investment decision-making. At the core of its operations is ARGUS Enterprise, a powerful software suite that enables real estate professionals to model and forecast asset and portfolio performance effectively. With a global footprint, Altus Group leverages its comprehensive data analytics capabilities, combined with deep industry expertise, to address the challenges of valuation, tax, cost insights, and related advisory services.

The company's business model thrives on its ability to blend technology with specialization, generating revenue from both its robust software subscription model and its consulting and advisory services. By providing critical tools and insights, Altus supports real estate professionals in enhancing decision-making and optimizing their investment portfolios. A focus on innovation keeps Altus at the forefront, continually integrating advanced technologies like artificial intelligence and machine learning into its service offerings. This not only strengthens client relationships but also ensures a steady stream of recurring revenue. Through strategic acquisitions and partnerships, Altus Group extends its reach and enhances its comprehensive solutions portfolio, underscoring its commitment to fostering growth and efficiency within the real estate sector.

Show more
Loading
AIF
S&P TSX Composite Index (Canada)
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Leadership Change: CEO Jim Hannon has left Altus Group, with former CEO Mike Gordon returning as Executive Chair and set to become CEO in Q1 2026.

Strategic Review: After evaluating multiple proposals and alternatives, the Board decided to keep Altus Group independent to pursue its value creation plan.

Revenue & Margins: Q3 consolidated revenue grew 2.2%, and margins expanded by 230 basis points to 19.2%, with year-to-date margin up 440 basis points.

Recurring Revenue: Recurring revenue increased 5.2%, led by double-digit growth from ARGUS Intelligence for the second consecutive quarter.

Profit & Cash Flow: Adjusted EBITDA rose 16.1% and adjusted EPS doubled to $0.38; free cash flow per share surged 45.7%.

Guidance Trim: Full-year 2025 revenue and margin guidance was lowered due to continued softness in Appraisals and Development Advisory and slower VMS momentum.

ARGUS Intelligence: Migration is 56% complete, with about a 16% blended price increase and strong client retention.

Investor Day: Management will present new disclosures and midterm goals on November 20, highlighting growth and profitability plans.

Key Financials
Consolidated Margins
19.2%
Adjusted EPS
$0.38
Restructuring Costs
$6.6 million
Cash
$405.1 million
Bank Debt
$157.2 million
Funded Debt-to-EBITDA Ratio
1.21x
Shares Outstanding
43.2 million
Capital Returned to Shareholders Year-to-Date
$178 million
ARGUS Intelligence Migration Completion
56%
ARGUS Intelligence Price Increase (Blended)
16%
ARGUS Intelligence Price Increase (Seat-based)
10%
ARGUS Intelligence Price Increase (Asset-based)
30%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Pawan Chhabra
Chief Financial Officer
No Bio Available
Mr. Alex Probyn
President of Global Property Tax Business
No Bio Available
Mr. David Ross
Chief Information Officer
No Bio Available
Martin Miasko
Director of Investor Relations
No Bio Available
Ms. Camilla Bartosiewicz
Chief Communication Officer
No Bio Available
Mr. Walter Turney
Global Head of Sales, ARGUS
No Bio Available
Mr. Ernest Clark
Chief Marketing Officer
No Bio Available
Ms. Kim Carter
Chief People Officer
No Bio Available
Mr. Colin B. Johnston AACI, M.B.A., MRICS
President of Research Valuation & Advisory
No Bio Available
Mr. Michael Commons
President of Cost & Project Management
No Bio Available

Contacts

Address
ONTARIO
TORONTO
33 Yonge St Suite 500
Contacts
+14166419500.0
www.altusgroup.com