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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
TORONTO ON M5E 1G4
Tel: N/A
Website: https://www.altusgroup.com
IR: See website
Key People
James Hannon
Chief Executive Officer
Pawan Chhabra
Chief Financial Officer
Alexander Probyn
President, Global Property Tax
Kim Carter
Chief People Officer
David Ross
Chief Information Officer
Ernest Clark
Chief Marketing Officer
Steve Bezner
Chief Software Development 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 fiscal year ended 31 December 2023, Altus Group Ltd revenues increased 5% to C$772.8M. Net income totaled C$10.2M vs. loss of C$886K. Revenues reflect Altus Analytics segment increase of 14% to C$392.3M, United States segment increase of 16% to C$379.9M, Rest of EMEA segment increase of 69% to C$26.7M. Net Income reflects Restructuring costs (recovery) - Balanci decrease of 97% to C$953K (expense).
Employees: 2,458 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $2,590M as of Dec 31, 2023
Annual revenue (TTM): $772.84M as of Dec 31, 2023
EBITDA (TTM): $127.15M as of Dec 31, 2023
Net annual income (TTM): $10.23M as of Dec 31, 2023
Free cash flow (TTM): $32.36M as of Dec 31, 2023
Net Debt Last Fiscal Year: $313.66M as of Dec 31, 2023
Shares outstanding: 45,907,657 as of Feb 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization