Altus Group reports second quarter 2019 financial results

August 8, 2019

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Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, announced today its financial and operating results for the second quarter ended June 30, 2019.

Q2 2019 summary

All amounts are in Canadian dollars and percentages are in comparison to the same period in 2018.

Consolidated revenues were $153.7 million, up 14.5%
Consolidated profit, in accordance with IFRS, was $13.3 million, a $13.0 million improvement
Consolidated profit, in accordance with IFRS, was $0.34 per share basic and $0.33 per share diluted, compared to $0.01 per share, basic and diluted
Consolidated adjusted EBITDA was $31.0 million, up 30.3%
Adjusted earnings per share2 (“adjusted EPS”) was $0.52, compared to $0.40
Altus Analytics revenues increased 6.8% to $50.2 million and adjusted EBITDA1 was $11.2 million, down 12.9% reflecting investments
Altus Analytics recurring revenues3 (as defined below) grew 16.9% to $38.1 million
Commercial Real Estate (“CRE”) Consulting revenues increased 20.8% to $93.1 million and adjusted EBITDA1 increased by 67.3% to $32.0 million, driven primarily by record Property Tax performance

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 software, data solutions and independent advisory services 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.