Altus Group

Altus Group to Announce Third Quarter 2021 Financial Results on November 11, 2021

Monday, October 25, 2021 - 2:00pm

Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry.

Key Points: 
  • 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.
  • Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

Jorge Blanco of Altus Group Named to HITEC’s Prestigious HITEC 100 List for 2022

Thursday, October 21, 2021 - 2:00pm

TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Altus Group Limited (Altus Group) (TSX: AIF), a leading provider of commercial real estate (CRE) services, software and data solutions,is pleased to announce that Jorge Blanco, its Chief Product Officer, has been named to the 2022 HITEC 100 list of the most influential and notable Hispanic professionals in the technology industry.

Key Points: 
  • TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Altus Group Limited (Altus Group) (TSX: AIF), a leading provider of commercial real estate (CRE) services, software and data solutions,is pleased to announce that Jorge Blanco, its Chief Product Officer, has been named to the 2022 HITEC 100 list of the most influential and notable Hispanic professionals in the technology industry.
  • The awardees on the HITEC 100 list will be recognized virtually during the HITEC 100 Awards Celebration on December 9, 2021.
  • 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.

Dottid Integrates Dottid Leasing and Asset Management with ARGUS® Cloud Platform

Thursday, October 14, 2021 - 1:38pm

DALLAS, Oct. 14, 2021 /PRNewswire/ -- Dottid , the commercial real estate (CRE) SaaS technology platform for asset management and leasing transactions, announced its full integration of their Dottid and Altus Group Limited's ARGUS Cloud platforms.

Key Points: 
  • DALLAS, Oct. 14, 2021 /PRNewswire/ -- Dottid , the commercial real estate (CRE) SaaS technology platform for asset management and leasing transactions, announced its full integration of their Dottid and Altus Group Limited's ARGUS Cloud platforms.
  • The platform integration will provide cloud-enabled ARGUS Enterprise and Dottid customers with direct, real-time, and easy-to-access data that, until now, had to be maintained manually.
  • "Dottid and ARGUS Enterprise manage various connected processes within asset management, from valuation and acquisition to leasing and management," said Jorge Blanco, Chief Product Officer of Altus Group.
  • Dottid's unique, custom platform was introduced in January of 2020 after years of input from CRE leasing and asset management professionals.

Altus Group Announces Closing of C$173 Million Bought Deal Financing Including Full Exercise of Over-Allotment Option

Monday, October 4, 2021 - 1:30pm

TORONTO, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or the “Company”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, is pleased to announce that it has closed its previously announced bought deal financing (the “Offering”). A total of 2,783,000 common shares (the “Common Shares”) were sold pursuant to the Offering at a price of $62.00 per Common Share (the “Offering Price”) for aggregate gross proceeds to Altus Group of $172,546,000, including the full exercise of the underwriters’ over-allotment option to purchase an additional 363,000 Common Shares at the Offering Price. The Company intends to use the net proceeds of the Offering to fund the Company’s growth initiatives and for working capital and other general corporate purposes.

Key Points: 
  • All information contained in this press release, other than statements of current and historical fact, is forward-looking information.
  • Generally, forward-looking information can be identified by use of words such as may, will, expect, believe, plan, would, could and other similar terminology.
  • All of the forward-looking information in this press release is qualified by this cautionary statement.
  • Additionally, Altus Group undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus Group, its financial or operating results, or its securities.

GTA condominium apartment sales hit record highs in August

Tuesday, September 28, 2021 - 3:04pm

Toronto, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Greater Toronto Area, September 28, 2021 The GTA new home market saw a record number of condominium apartment sales in August, the Building Industry and Land Development Association (BILD) announced today.

Key Points: 
  • Toronto, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Greater Toronto Area, September 28, 2021 The GTA new home market saw a record number of condominium apartment sales in August, the Building Industry and Land Development Association (BILD) announced today.
  • It was the highest number of condominium apartments sold in August on recordup 35 per cent from last Augusts robust condominium apartment sales and 129 per cent above the 10-year average.
  • "Buyers flocked to the new condominium apartment market in record numbers in August as builders pumped in unprecedented levels of new supply, said Edward Jegg, Analytics Team Leader at Altus Analytics, Altus Group.
  • Remaining inventory for condominium apartments increased compared to the previous month, to 9,967 units.

Altus Group Announces Third Quarter 2021 Dividend

Thursday, September 16, 2021 - 9:00pm

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Altus Group Limited (Altus Group 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 that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the third quarter ending September 30, 2021.

Key Points: 
  • TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Altus Group Limited (Altus Group 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 that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the third quarter ending September 30, 2021.
  • Payment will be made on October 15, 2021 to common shareholders of record as at September 30, 2021.
  • Altus Groups Dividend Reinvestment Plan (DRIP) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company.
  • Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

Altus Group Announces C$150 Million Bought Deal Financing

Tuesday, September 14, 2021 - 9:43pm

TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” 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 that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by bookrunners TD Securities Inc. and BMO Capital Markets, under which the Underwriters have agreed to buy on a bought deal basis 2,420,000 common shares in the capital of the Company (the “Common Shares”), at a price of $62.00 per Common Share (the “Offering Price”) for gross proceeds of approximately $150 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the Offering Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 4, 2021 and is subject to Altus Group receiving all necessary regulatory approvals.

Key Points: 
  • All information contained in this press release, other than statements of current and historical fact, is forward-looking information.
  • Generally, forward-looking information can be identified by use of words such as may, will, expect, believe, plan, would, could and other similar terminology.
  • All of the forward-looking information in this press release is qualified by this cautionary statement.
  • Additionally, Altus Group undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus Group, its financial or operating results, or its securities, or the proposed Offering.

Altus Group Provides Business Update

Monday, September 13, 2021 - 12:00pm

Our Altus Analytics business is poised for robust revenue growth in the second half of the year with the momentum expected to continue into 2022.

Key Points: 
  • Our Altus Analytics business is poised for robust revenue growth in the second half of the year with the momentum expected to continue into 2022.
  • Altus Group uses these non-IFRS measures as an indicator of financial performance.
  • Altus Group has also made certain macroeconomic and general industry assumptions in the preparation of such forward-looking statements.
  • 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.

GTA new home market sees slower sales, falling inventory levels, in July

Tuesday, August 31, 2021 - 11:00am

Total July new home sales, with 2,140 units sold, were 14 per cent below the 10-year average, according to Altus Group*, BILDs official source for new home market intelligence.

Key Points: 
  • Total July new home sales, with 2,140 units sold, were 14 per cent below the 10-year average, according to Altus Group*, BILDs official source for new home market intelligence.
  • New home sales took a bit of a breather in July, said Edward Jegg, Team Leader, Analytics, Altus Group.
  • Remaining inventory decreased in July compared to the previous month for both condominium apartments and single-family homes, to 9,483 units and 1,598 units respectively.
  • Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings.

Altus Group to Announce Second Quarter 2021 Financial Results on August 12, 2021

Thursday, July 29, 2021 - 9:00pm

Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry.

Key Points: 
  • 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.
  • Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.