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Altus Group Limited (AIF.TO)
Toronto, ON, CA
Altus Group Limited is a global provider of software, data intelligence, and expert advisory services tailored for the commercial real estate industry. Operating across Canada, the United States, Europe, and the Asia Pacific region, the company structures its operations into two main segments: Altus Analytics and Commercial Real Estate (CRE) Consulting. The Altus Analytics segment develops and delivers a suite of powerful software solutions, notably the ARGUS platform. This includes ARGUS Enterprise for property valuation and asset management; ARGUS Taliance for real estate fund and alternative investment management; ARGUS EstateMaster and ARGUS Developer for property development feasibility and management; ARGUS Voyanta for data aggregation and reporting; ARGUS Acquire for acquisition pipeline management; and ARGUS ValueInsight for valuation. Beyond software, this segment provides data subscription products offering detailed real estate market information across residential, office, industrial, and investment sectors, alongside advisory and managed services. Its clientele spans equity and debt investors, valuers, brokers, developers, banks, and public entities. The CRE Consulting segment offers specialized independent advisory services. These include comprehensive real estate property tax services (covering assessment reviews, strategic management, and appeals, as well as personal property and state/local tax advice); extensive valuation services (such as portfolio appraisals, individual property valuations, due diligence, litigation support, and economic consulting); and construction-related services (like feasibility studies, budgeting, cost and loan monitoring, and project management). This segment serves owner-operators, developers, financial institutions, and CRE asset holders and investors. Founded in 2005, Altus Group Limited is headquartered in Toronto, Canada.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.12% | -8.96% | -15.55% | +6.19% | -17.92% | -27.40% | -26.70% | +1.81% | -27.31% | +84.95% | +301.66% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 4 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Real Estate - Services: +11.2%-3.2% Q1'26: -16.2% (vs Q1'25)
-
EPS growth Real Estate - Services: +25.9%-224.1% Q1'26: -102.8% (vs Q1'25)
-
FCF margin FCF growth · Real Estate - Services: +32.2%+12.7% Q1'26: +18.6% (vs Q1'25)
-
EBIT margin Real Estate - Services: +23.7%+5.2% Q1'26: 0.0% (vs Q1'25)
-
ROIC Real Estate - Services: +4.3%+6.0% ★ Q1'26: 0.0% (vs Q1'25)
-
Share dilution Real Estate - Services: +0.0%-6.0% ★ Q1'26: -11.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Real Estate - Services: 1.88×3.42× ★ Q1'26: 5.80× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2008 actual |
Dec 2009 actual |
Dec 2010 actual |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 6 Rev. Ana. 3 EPS Ana. |
Dec 2027 6 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
209.46M
est: 207.74M (+0.8%)
|
219.77M
est: 218.63M (+0.5%)
|
252.46M
est: 238.49M (+5.9%)
|
266.92M
est: 285.22M (-6.4%)
|
286.35M
est: 304.19M (-5.9%)
|
297.16M
est: 312.11M (-4.8%)
|
340.20M
est: 373.66M (-9.0%)
|
416.41M
est: 386.95M (+7.6%)
|
442.89M
est: 444.23M (-0.3%)
|
476.56M
est: 480.84M (-0.9%)
|
510.43M
est: 509.24M (+0.2%)
|
525.72M
est: 562.10M (-6.5%)
|
561.16M
est: 556.29M (+0.9%)
|
625.39M
est: 624.21M (+0.2%)
|
735.45M
est: 737.33M (-0.3%)
|
509.73M
est: 783.05M (-34.9%)
|
519.73M
est: 669.21M (-22.3%)
|
502.89M
est: 532.55M (-5.6%)
|
452.16M
450.95M – 453.82M
-15.1% YoY
|
487.40M
478.34M – 491.24M
+7.8% YoY
|
| EBITDA |
34.95M
est: 36.30M (-3.7%)
|
32.62M
est: 31.59M (+3.2%)
|
27.01M
est: 29.86M (-9.5%)
|
17.37M
est: 30.56M (-43.2%)
|
49.34M
est: -7.70M (+740.8%)
|
51.99M
est: -8.32M (+724.7%)
|
59.85M
est: 28.06M (+113.3%)
|
53.79M
est: 29.33M (+83.4%)
|
63.89M
est: 43.43M (+47.1%)
|
68.88M
est: 54.89M (+25.5%)
|
57.53M
est: 181.36M (-68.3%)
|
78.92M
est: 27.91M (+182.8%)
|
88.64M
est: 67.93M (+30.5%)
|
85.23M
est: 75.04M (+13.6%)
|
94.87M
est: 77.86M (+21.8%)
|
33.57M
est: 90.40M (-62.9%)
|
60.15M
est: 77.26M (-22.1%)
|
65.56M
est: 61.48M (+6.6%)
|
52.20M
52.06M – 52.39M
-15.1% YoY
|
56.27M
55.22M – 56.71M
+7.8% YoY
|
| EBIT |
10.02M
est: 8.72M (+15.0%)
|
4.46M
est: 7.68M (-42.0%)
|
1.20M
est: 1.75M (-31.2%)
|
-6.42M
est: 3.35M (-291.6%)
|
31.51M
est: -9.17M (+443.5%)
|
38.38M
est: 4.96M (+674.5%)
|
40.92M
est: 49.45M (-17.2%)
|
20.89M
est: 39.85M (-47.6%)
|
36.03M
est: 23.34M (+54.4%)
|
37.87M
est: 27.73M (+36.6%)
|
14.28M
est: 149.94M (-90.5%)
|
43.53M
est: -12.24M (+455.6%)
|
58.24M
est: 34.79M (+67.4%)
|
58.10M
est: 38.44M (+51.2%)
|
63.79M
est: 39.88M (+60.0%)
|
8.42M
est: 50.69M (-83.4%)
|
39.38M
est: 43.32M (-9.1%)
|
26.01M
est: 34.47M (-24.6%)
|
29.27M
29.19M – 29.38M
-15.1% YoY
|
31.55M
30.96M – 31.80M
+7.8% YoY
|
| Net Income |
9.47M
est: 9.29M (+2.0%)
|
3.39M
est: 10.00M (-66.1%)
|
-9.27M
est: 3.71M (-350.0%)
|
-18.31M
est: 3.71M (-593.9%)
|
-12.65M
est: -19.52M (+35.2%)
|
18.61M
est: -12.84M (+244.9%)
|
13.17M
est: 22.27M (-40.9%)
|
9.25M
est: 14.54M (-36.4%)
|
14.27M
est: 10.11M (+41.1%)
|
109.42M
est: 15.44M (+608.7%)
|
-18.44M
est: 115.95M (-115.9%)
|
18.19M
est: -20.34M (+189.5%)
|
21.43M
est: 18.29M (+17.2%)
|
25.69M
est: 20.21M (+27.1%)
|
-886.0K
est: 7.51M (-111.8%)
|
10.23M
est: 2.81M (+264.1%)
|
13.42M
est: 58.20M (-76.9%)
|
-15.86M
est: 71.85M (-122.1%)
|
94.98M
82.79M – 107.18M
+32.2% YoY
|
128.01M
101.09M – 154.93M
+34.8% YoY
|
| SGA |
146.84M
est: 143.20M (+2.5%)
|
160.41M
est: 154.50M (+3.8%)
|
196.30M
est: 174.97M (+12.2%)
|
233.98M
est: 232.61M (+0.6%)
|
44.93M
est: 245.51M (-81.7%)
|
49.26M
est: 234.71M (-79.0%)
|
53.71M
est: 288.77M (-81.4%)
|
95.12M
est: 303.58M (-68.7%)
|
99.24M
est: 387.98M (-74.4%)
|
107.07M
est: 404.69M (-73.5%)
|
116.42M
est: 427.41M (-72.8%)
|
105.39M
est: 496.37M (-78.8%)
|
106.36M
est: 478.30M (-77.8%)
|
119.25M
est: 528.41M (-77.4%)
|
148.18M
est: 548.24M (-73.0%)
|
115.36M
est: 194.50M (-40.7%)
|
100.01M
est: 399.56M (-75.0%)
|
216.76M
est: 132.28M (+63.9%)
|
112.31M
112.01M – 112.72M
-15.1% YoY
|
121.06M
118.81M – 122.02M
+7.8% YoY
|
| EPS |
0.55
est: 0.56 (-1.0%)
|
0.18
est: 0.28 (-36.4%)
|
-0.46
est: 0.11 (-527.0%)
|
-0.80
est: 0.36 (-323.1%)
|
-0.55
est: 0.71 (-177.8%)
|
0.77
est: 0.98 (-21.8%)
|
0.44
est: 1.18 (-62.8%)
|
0.28
est: 0.96 (-70.9%)
|
0.39
est: 1.18 (-67.0%)
|
2.88
est: 1.40 (+106.0%)
|
-0.48
est: 1.21 (-139.8%)
|
0.46
est: 1.37 (-66.5%)
|
0.53
est: 1.61 (-67.0%)
|
0.62
est: 1.79 (-65.4%)
|
-0.02
est: 1.96 (-101.0%)
|
0.23
est: 0.06 (+258.7%)
|
0.29
est: 1.33 (-78.2%)
|
-0.36
est: 1.64 (-121.9%)
|
2.24
1.88 – 2.44
+36.7% YoY
|
2.93
2.30 – 3.52
+30.8% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 4/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 4/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 4/5 | 1/5 |
| 2026-05-05 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 4/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 4/5 | 1/5 |
| 2026-05-01 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-30 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-29 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-28 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-27 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-24 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-23 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-22 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-21 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-20 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-17 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
| 2026-04-16 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 4/5 | 1/5 |
Owner Earnings
Ownership Overview
No beneficial ownership filings recorded.
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | FENIMORE ASSET MANAGEMENT INC | 379.5K -3.2K (-0.8%) | 15.67M -629.2K (-3.9%) | 0.88% +0.008 pp | 0.33% 0.000 pp | CAD54.91 +3.3% | 6 qtrs — |
| 2 | CONFLUENCE INVESTMENT MANAGEMENT LLC | 46.9K -20.2K (-30.1%) | 1.94M -918.7K (-32.2%) | 0.11% -0.044 pp | 0.03% -0.012 pp | CAD56.00 +1.3% | 5 qtrs — |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard FTSE Canadian Capped REIT Index ETF VRE.TO | 2.42% | 4.92M | 0.39% |
| 2 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 0.55% | 938.1K | 0.60% |
| 3 | iShares S&P/TSX Completion Index ETF XMD.TO | 0.17% | 944.1K | 0.60% |
| 4 | Xtrackers International Real Estate ETF HAUZ | 0.14% | 1.40M | 0.10% |
| 5 | State Street SPDR S&P International Small Cap ETF GWX | 0.10% | 898.0K | 0.40% |
| 6 | Desjardins RI Canada - Net-Zero Emissions Pathway ETF DRMC.TO | 0.08% | 61.0K | 0.15% |
| 7 | iShares ESG Advanced MSCI Canada Index ETF XCSR.TO | 0.06% | 240.1K | 0.17% |
| 8 | Dimensional - International Small Cap ETF DFIS | 0.05% | 3.06M | 0.39% |
| 9 | UBS MSCI World Small Cap Socially Responsible UCITS ETF USD dis WSCR.L | 0.05% | 371.6K | 0.23% |
| 10 | UBS MSCI World Small Cap Socially Responsible UCITS ETF USD acc WSCSRI.SW | 0.05% | 371.8K | 0.23% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Pawan Chhabra | Chief Financial Officer | 1M | male |
| Richard Sarkis | Chief Commercial Officer | 905.4K | male |
| David Ross | Chief Product and Technology Officer | 838.8K | male |
| Michael J. Gordon | Executive Chair & CEO | 241.5K | male |
| Kim Carter | Chief People Officer | — | female |
| Kimberly Carter | Chief People Officer | — | female |
| Martin Miasko | Senior Director of Investor Relations & Strategy | — | male |
| Matt Tordoff | Chief Information Officer | — | male |
| Michael Commons | President of Cost & Project Management | — | male |
| Scott T. Morey | Executive Director of One11 Advisors | — | male |
| Terrie-Lynne Devonish | Chief Legal Officer & Corporate Secretary | — | female |
| Alexander Probyn | President of Global Property Tax | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for AIF.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
