Altus Group (TSE:AIF) Releases Quarterly Earnings Results

Altus Group (TSE:AIF) announced its earnings results on Thursday. The company reported C$0.67 EPS for the quarter, FiscalAI reports. The business had revenue of C$108.96 million for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.

Here are the key takeaways from Altus Group’s conference call:

• Altus positions AI as an accelerator of its core valuation franchise, enhancing ARGUS Intelligence with agentic workflows and an advanced valuation agent (internal tests show up to 90% faster valuations) and securing a patent on the Altus Knowledge Graph to build proprietary asset-level datasets.
• Financial momentum — steady recurring revenue growth, a ~310 basis-point improvement in consolidated margins, analytics adjusted EBITDA margins of ~33%, stronger cash conversion, and a board-approved capital return capacity of up to CAD 800 million (with an option to deploy an additional CAD 450 million in H1 2026).
• Portfolio simplification is underway — the appraisal business has been moved to discontinued operations and sold to Newmark, an LOI is signed for the Canadian Development Advisory business, and further non-core analytics divestitures are expected as Altus sharpens focus ahead of a planned U.S. listing in 2027.
• Modeling and comparability risks — the new reporting format excludes discontinued operations (appraisals), Q4 adjusted EBITDA included one‑time addbacks (roughly CAD 18.5 million, including FX gains), and guidance assumes no VMS rebound, all of which create near-term uncertainty until further transaction details are finalized.

Altus Group Stock Performance

Shares of AIF stock opened at C$42.85 on Friday. The stock has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 4.79, a PEG ratio of 0.96 and a beta of 0.49. Altus Group has a one year low of C$36.97 and a one year high of C$63.07. The company’s 50-day simple moving average is C$50.12 and its 200-day simple moving average is C$54.88. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09.

Analysts Set New Price Targets

A number of research firms recently weighed in on AIF. TD Securities lowered their price target on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a report on Friday, November 7th. Royal Bank Of Canada lowered their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday. Canadian Imperial Bank of Commerce lifted their target price on Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Cormark raised Altus Group from a “hold” rating to a “buy” rating and increased their price target for the company from C$61.00 to C$65.00 in a report on Friday, November 21st. Finally, National Bank Financial lowered Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Altus Group presently has an average rating of “Hold” and a consensus price target of C$57.14.

Insider Transactions at Altus Group

In other news, Director William Brennan acquired 1,146 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average price of C$56.20 per share, for a total transaction of C$64,405.20. Following the completion of the purchase, the director directly owned 2,534,757 shares of the company’s stock, valued at C$142,453,343.40. This represents a 0.05% increase in their position. Insiders purchased a total of 142,116 shares of company stock worth $7,683,423 in the last 90 days. Corporate insiders own 4.05% of the company’s stock.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.