Altus Group reports fourth quarter and full year 2020 financial results
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 fourth quarter and year ended December 31, 2020.
Q4 2020 summary
Consolidated revenues were $139.5 million, up 0.7%
Consolidated profit from continuing operations, in accordance with IFRS, was $4.6 million, down 24.5%
Consolidated earnings per share from continuing operations, in accordance with IFRS, was $0.11 per share basic and diluted, compared to $0.15 per share basic and diluted, respectively
Consolidated Adjusted EBITDA1 was $26.7 million, up 19.7%
Adjusted EPS was $0.44, compared to $0.42
Altus Analytics Over Time3 revenues grew 11.5% to $43.5 million (total Altus Analytics revenues decreased by 5.6% to $51.5 million while Adjusted EBITDA1 increased by 8.2% to $5.8 million)
CRE Consulting revenues grew 4.9% to $88.0 million and Adjusted EBITDA1 increased by 24.3% to $16.7 million, driven by 6.0% revenue and 24.1% Adjusted EBITDA growth at Property Tax
Subsequent to quarter end, the Company entered into exclusive negotiations to acquire 100% of Finance Active SAS, a leading European provider of SaaS debt and financial risk management solutions for CRE treasury and investment management
2020 full year summary
Consolidated revenues were $561.2 million, up 6.7%
Consolidated profit from continuing operations, in accordance with IFRS, was $27.0 million, up 13.1%
Consolidated earnings per share from continuing operations, in accordance with IFRS, was $0.67 per share basic and $0.66 per share diluted, compared to $0.61 and $0.60, respectively
Consolidated Adjusted EBITDA1 was $98.9 million, up 16.8%
Adjusted earnings per share2 (“Adjusted EPS”) was $1.67, compared to $1.43
Altus Analytics Over Time3 revenues grew 14.7% to $167.7 million (reflecting ongoing revenue model transition, total Altus Analytics revenues increased modestly by 0.9% to $203.7 million while Adjusted EBITDA1 decreased by 2.6% to $35.8 million)
Finished the year surpassing 1,000 customers on cloud-enabled Argus Enterprise (“AE”) and 14% of total AE user base contracted on ARGUS Cloud
CRE Consulting revenues grew 10.4% to $357.8 million and Adjusted EBITDA1 increased by 21.0% to $92.1 million, driven by 14.8% revenue and 22.7% Adjusted EBITDA growth at Property Tax
At the end of the year Bank debt was $123.0 million (representing a funded debt to EBITDA leverage ratio of 1.09 times) and cash and cash equivalents was $69.6 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 Commercial Real Estate Consulting, 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 2,600 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include many of the world’s largest commercial real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the Toronto Stock Exchange under the symbol AIF.
For more information, please visit www.altusgroup.com.
Resources
Latest press releases
Nov 26, 2025
Altus Group announces commencement of substantial issuer bid
Altus Group today announced the commencement of the previously announced substantial issuer bid (the “SIB”) pursuant to which Altus Group will offer to purchase for cancellation up to C$350,000,000 of its common shares (the “Shares”).
Nov 26, 2025
Nov 20, 2025
Altus Group to Unveil Value Creation Plan at Investor Day Today
Altus Group announces mid-term financial target, portfolio optimization plans, capital return plans with authorization to initiate a substantial issuer bid, new financial disclosures, and intention to dual-list in the U.S.
Nov 20, 2025
Nov 18, 2025
Altus Group Releases Q3 2025 U.S. Investment & Transactions Quarterly Report
Q3 2025 saw a 12.6% quarter-over-quarter increase in the number of properties transacted
Nov 18, 2025