Altus Group (TSE:AIF) Posts Quarterly Earnings Results

Altus Group (TSE:AIF) posted its quarterly earnings results on Thursday. The company reported C$0.67 EPS for the quarter, FiscalAI reports. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The company had revenue of C$108.96 million for the quarter.

Here are the key takeaways from Altus Group’s conference call:

• Altus positions AI as an accelerator of its core valuation franchise, enhancing ARGUS Intelligence with agentic workflows and an advanced valuation agent (internal tests show up to 90% faster valuations) and securing a patent on the Altus Knowledge Graph to build proprietary asset-level datasets.
• Financial momentum — steady recurring revenue growth, a ~310 basis-point improvement in consolidated margins, analytics adjusted EBITDA margins of ~33%, stronger cash conversion, and a board-approved capital return capacity of up to CAD 800 million (with an option to deploy an additional CAD 450 million in H1 2026).
• Portfolio simplification is underway — the appraisal business has been moved to discontinued operations and sold to Newmark, an LOI is signed for the Canadian Development Advisory business, and further non-core analytics divestitures are expected as Altus sharpens focus ahead of a planned U.S. listing in 2027.
• Modeling and comparability risks — the new reporting format excludes discontinued operations (appraisals), Q4 adjusted EBITDA included one‑time addbacks (roughly CAD 18.5 million, including FX gains), and guidance assumes no VMS rebound, all of which create near-term uncertainty until further transaction details are finalized.

Altus Group Stock Up 2.1%

Shares of AIF opened at C$41.10 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The firm has a market cap of C$1.66 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.49. The company’s fifty day moving average is C$50.36 and its two-hundred day moving average is C$54.98. Altus Group has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank lowered their price target on Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Canadian Imperial Bank of Commerce raised their price objective on Altus Group from C$54.00 to C$62.00 in a research note on Monday, November 24th. National Bank Financial cut shares of Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Cormark upgraded shares of Altus Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$61.00 to C$65.00 in a report on Friday, November 21st. Finally, TD Securities lowered their price target on Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$59.86.

Insider Activity

In other news, Director William Brennan bought 1,146 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was acquired at an average cost of C$56.20 per share, for a total transaction of C$64,405.20. Following the completion of the purchase, the director owned 2,534,757 shares of the company’s stock, valued at C$142,453,343.40. This trade represents a 0.05% increase in their ownership of the stock. Insiders bought a total of 142,116 shares of company stock valued at $7,683,423 in the last ninety days. 4.05% of the stock is currently owned by company insiders.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.