Altus Group reports second quarter 2018 financial results
Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry, announced today its financial and operating results for the second quarter ended June 30, 2018.
Q2 2018 summary
In comparison to Q2 2017: o Consolidated revenues increased 5.0% to $134.2 million o Consolidated profit (loss), in accordance with IFRS, was $0.3 million o Consolidated Adjusted EBITDA decreased 1.0% to $23.8 million o Altus Analytics revenues increased 1.0% to $47.0 million
Property Tax revenues increased 13.4% to $50.1 million
Made significant progress with the development of our first AE cloud application with an expected release in the fourth quarter
Added comprehensive investment management capabilities to our product solutions portfolio with the acquisition of Taliance and further expanding our presence in Europe
Key contact
Camilla Bartosiewicz
Chief Communications Officer
Key contact
Camilla Bartosiewicz
Chief Communications Officer
About Altus Group
Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry.
Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments.
Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.