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Altus Group Limited (T:AIF)

Business Focus: Real Estate Services (NEC)

Sector:  Real Estate Industry:  Real Estate Services
Company Contact
Address: 33 Yonge Street, Suite 500
Tel: N/A
IR: See website
Key People
James V. Hannon
Chief Executive Officer, Director
Pawan Chhabra
Chief Financial Officer
Alexander Probyn
President, Global Property Tax
Kim Carter
Chief People Officer
David Ross
Chief Technology Officer
Ernest Clark
Chief Marketing Officer
Jorge Blanco
Chief Commercial Officer
Terrie-lynne Devonish
Chief Legal Officer and Corporate Secretary
Business Overview
Altus Group Limited is a Canada-based provider of asset and fund intelligence for commercial real estate. The Company delivers intelligence as a service to its global client base through a connected platform of technology, advanced analytics, and advisory services. It helps commercial real estate investors, developers, proprietors, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. The Company conducts its business through two business units: Analytics and Commercial Real Estate Consulting. Its segments include Analytics, Property Tax and Appraisals and Development Advisory. Its Analytics portfolio includes software, data analytics and advisory solutions. Its Property Tax portfolio includes expert services and technology for property tax management. Its Appraisals and Development Advisory portfolio includes expert services in the areas of commercial property valuation appraisals and commercial development advisory.
Financial Overview
For the three months ended 31 March 2024, Altus Group Ltd revenues increased 5% to C$199.5M. Net loss decreased 94% to C$153K. Revenues reflect Commercial Real Estate Consulting - Property Tax segment increase of 11% to C$74.1M, Altus Analytics segment increase of 5% to C$98.8M. Lower net loss reflects Non-Recurring Income/Expense - Other decrease of 72% to C$1.3M (expense).
Employees: 2,458 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $2,872M as of Mar 31, 2024
Annual revenue (TTM): $781.56M as of Mar 31, 2024
EBITDA (TTM): $131.86M as of Mar 31, 2024
Net annual income (TTM): $12.49M as of Mar 31, 2024
Free cash flow (TTM): $61.62M as of Mar 31, 2024
Net Debt Last Fiscal Year: $334.60M as of Mar 31, 2024
Shares outstanding: 46,147,708 as of Jul 5, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization