Altus Group reports fourth quarter and full year 2016 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 fourth quarter and year ended December 31, 2016.
Full year 2016 summary
Altus Analytics revenues increased 20.2% to $151.5 million, and Adjusted EBITDA increased 35.3% to $41.0 million; recurring revenues increased 23.4% to $111.9 million
Property Tax revenues increased 12.9% to $151.2 million, and Adjusted EBITDA increased 43.9% to $40.1million
Consolidated revenues increased 6.4% to $442.9 million
Consolidated Adjusted EBITDA increased 16.9% to $74.1 million
Consolidated profit increased 54.3% to $14.3 million
Adjusted earnings per share (“Adjusted EPS”) increased 17.3% to $1.15
Adjusted EBITDA margin improved to 16.7% from 15.2% in 2015
Q4 2016 highlights
Altus Analytics revenues increased 15.1% to $42.2 million, and Adjusted EBITDA increased 40.0% to $11.8 million; recurring revenues increased 11.2% to $29.1 million
Consolidated revenues increased 3.9% to $115.3 million
Consolidated Adjusted EBITDA increased 13.6% to $22.1 million
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.
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