Altus Group reports fourth quarter and full year 2017 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, 2017.
Full year 2017 summary
In comparison to the prior year:
Consolidated revenues increased 8.0% to $478.1 million
Consolidated Adjusted EBITDA increased 11.0% to $82.2 million
Consolidated profit, in accordance with IFRS, increased 671.4% to $110.1 million due to unrealized gains associated with our Real Matters investment
Adjusted earnings per share (“Adjusted EPS”) decreased 1.7% to $1.13
Adjusted EBITDA margin improved to 17.2% from 16.7% in 2016
Altus Analytics revenues increased 11.7% to $169.2 million, and Adjusted EBITDA increased 18.1% to $48.4 million; recurring revenues increased 5.2% to $117.8 million
Property Tax revenues increased 5.0% to $158.7 million, and Adjusted EBITDA increased 0.6% to $40.3 million
Q4 2017 summary
In comparison to Q4 2016:
Consolidated revenues increased 6.4% to $122.7 million
Consolidated Adjusted EBITDA declined 7.9% to $20.4 million
Consolidated profit, in accordance with IFRS, decreased to a loss of $3.4 million
Altus Analytics revenues declined 0.8% to $41.9 million, and Adjusted EBITDA decreased 39.4% to $7.2 million; recurring revenues increased 2.8% to $29.9 million
Property Tax revenues increased 15.0% to $42.0 million, and Adjusted EBITDA increased 18.4% to $5.1 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 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.
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