Altus Group

Altus Group to Announce Q1 2024 Financial Results on May 2, 2024

Retrieved on: 
Monday, April 8, 2024
Intelligence, Webcast, TSX, Altus Group

TORONTO, April 08, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it plans to release its first quarter financial results for the period ended March 31, 2024 after market close on Thursday, May 2, 2024.

Key Points: 
  • TORONTO, April 08, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it plans to release its first quarter financial results for the period ended March 31, 2024 after market close on Thursday, May 2, 2024.
  • Altus executives Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host a conference call and webcast at 5:00 p.m. (ET) the same day to review the financial results and discuss corporate developments.

Altus Group Highlights ESG Progress in 2023 Sustainability Report

Retrieved on: 
Tuesday, April 2, 2024
BIPOC, Culture, Risk management, Intelligence, Woman, TSX, Computer security, Sustainability, NIST Cybersecurity Framework, Privacy, Altus Group

TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), has published its sixth annual Sustainability Report highlighting the Company’s progress in addressing environmental, social, and governance (“ESG”) initiatives critical to its enterprise risk management and long-term value preservation.

Key Points: 
  • TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), has published its sixth annual Sustainability Report highlighting the Company’s progress in addressing environmental, social, and governance (“ESG”) initiatives critical to its enterprise risk management and long-term value preservation.
  • Notable ESG highlights from 2023 include:
    Climate action: a modest decrease in Scope 1 and 2 greenhouse gas (“GHG”) emissions reaffirms Altus’ low carbon footprint and proactive measures to mitigate environmental impact.
  • Governance: new nominations to Altus’ board of directors underscore a commitment to board refreshment, further aligning board expertise and experience with the Company’s evolving strategic direction.
  • To download Altus Group’s 2023 Sustainability Report please visit https://www.altusgroup.com/sustainability/ .

Marigold™ Appoints Mike Gordon as Chief Executive Officer

Retrieved on: 
Tuesday, April 2, 2024
Research, GTM, SMB, Altus Group, Organization, Software as a service, Growth, Insight Partners, Business, Software, University, Martech, Operation, Marketing, Economics, Industrial engineering, Management

NASHVILLE, Tenn., April 02, 2024 (GLOBE NEWSWIRE) -- Marigold , a global martech leader focused on delivering relationship marketing solutions that help brands and organizations acquire, grow and retain customers, today announced that Mike Gordon has been named the new Chief Executive Officer as part of the next phase of growth and expansion for the organization.

Key Points: 
  • NASHVILLE, Tenn., April 02, 2024 (GLOBE NEWSWIRE) -- Marigold , a global martech leader focused on delivering relationship marketing solutions that help brands and organizations acquire, grow and retain customers, today announced that Mike Gordon has been named the new Chief Executive Officer as part of the next phase of growth and expansion for the organization.
  • Poised for an exciting new chapter under the leadership of Mike Gordon, Marigold looks forward to continued growth, innovation and success in the dynamic martech industry.
  • Gordon is a seasoned technology executive with a proven track record and over 20 years of experience in driving innovation and growth in dynamic and competitive markets.
  • “We are delighted to welcome Mike Gordon who comes to Marigold with a proven track record of value creation across both public and private technology businesses at scale.

Altus Group Releases Q1 2024 CRE Industry Conditions & Sentiment Survey Findings

Retrieved on: 
Tuesday, March 26, 2024
Intelligence, Research, TSX, Altus Group, Sentiment, CRE, Environment

TORONTO, March 26, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released the findings from its Q1 2024 CRE Industry Conditions & Sentiment Survey, a quarterly survey that collects insights on current market conditions and future expectations.

Key Points: 
  • TORONTO, March 26, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released the findings from its Q1 2024 CRE Industry Conditions & Sentiment Survey, a quarterly survey that collects insights on current market conditions and future expectations.
  • The latest survey draws on feedback from nearly 470 seasoned CRE professionals representing over 120 firms in the U.S. and Canada from January 23 to February 9, 2024.
  • The Q1 2024 CRE Industry Conditions & Sentiment Survey highlights the participants’ perspectives on:
    Capital considerations: with cost and availability of capital stabilizing, near-term capital deployment moves into focus amongst U.S. respondents, surging from 7% in Q4 2023 to 25% in Q1 2024, while Canadian respondents remain focused on de-risking existing portfolios.
  • “The survey findings underscore the intricate relationship between the commercial real estate asset class and the macroeconomy and capital markets, which Altus’ portfolio analytics increasingly validate are impactful drivers of asset performance,” said Omar Eltorai, Director of Research at Altus Group.

New home inventory in the GTA expands in February in anticipation of renewed market activity this spring

Retrieved on: 
Monday, March 25, 2024
Research, Construction, Interview, Altus Group, BILD, Total, Human, Cryptocurrency

“GTA new homes sales in February remained soft,” said Edward Jegg, Research Manager with Altus Group.

Key Points: 
  • “GTA new homes sales in February remained soft,” said Edward Jegg, Research Manager with Altus Group.
  • There were 374 single-family home sales in February, up 103 per cent from February 2023 and 66 per cent below the 10-year average.
  • This represents a combined inventory level of 12 months, based on average sales for the last 12 months.
  • *Altus Group should be credited as BILD’s official source of new home market intelligence.

Altus Group Nominates Thomas Warsop to its Board of Directors

Retrieved on: 
Thursday, March 7, 2024
BBA, ACI Worldwide, Intelligence, TSX, Growth, ACIW, Methodist University, Thomas Warsop, Altus Group, Southern Methodist University, Information technology, Fiserv, Electronic Data Systems, Chair, Warsop

TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today the nomination of Thomas Warsop (President and CEO of ACI Worldwide Inc.) to stand for election to its Board of Directors (the “Board”) at its upcoming annual general meeting of shareholders scheduled for May 1, 2024.

Key Points: 
  • TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today the nomination of Thomas Warsop (President and CEO of ACI Worldwide Inc.) to stand for election to its Board of Directors (the “Board”) at its upcoming annual general meeting of shareholders scheduled for May 1, 2024.
  • “Tom Warsop is a seasoned technology executive with a proven track record of driving strategic change and growth in companies and sectors undergoing transformation,” said Raymond Mikulich, Chair of Altus Group’s Board of Directors.
  • He is an accomplished technology sector executive with over 30 years of experience, living and working around the world.
  • Throughout his career he has led portfolio companies for several leading private equity firms, including One Call Care Management, York Risk Services Group, and The Warranty Group.

Altus Group Nominates Jim Hannon and Will Brennan to its Board of Directors

Retrieved on: 
Wednesday, February 28, 2024
Collection, Corporate governance, Intelligence, Risk management, CRE, TSX, Altus Group, Growth, MBA, CFA, Human resources, Compensated emancipation, University, Partner, Committee, AGM, Harvard Business School, Economics, McDiarmid, Management

“Our strategic growth plan includes expanding Altus Group’s asset performance and risk management solutions to help clients drive superior performance through advanced analytics.

Key Points: 
  • “Our strategic growth plan includes expanding Altus Group’s asset performance and risk management solutions to help clients drive superior performance through advanced analytics.
  • Their addition to the Board is an important step in our ongoing board refreshment process.”
    Will Brennan is the Managing Partner of Long Path Partners, an investment firm that he founded in 2018, and a long-standing shareholder of Altus Group.
  • He brings a unique investor perspective to the Board with a deep understanding of Altus Group’s operations and market opportunity.
  • Both directors have made lasting contributions to Altus Group’s corporate governance initiatives and continual efforts to drive shareholder value.

As anticipated from a slow December, GTA new home sales soft in January as buyers remained tentative

Retrieved on: 
Monday, February 26, 2024
Total, Research, BILD, Bank, Altus Group, Human, Condominium, Construction, Interview

“Pent up demand continued to accumulate with buyers taking a wait-and-see attitude,” said Edward Jegg, Research Manager with Altus Group.

Key Points: 
  • “Pent up demand continued to accumulate with buyers taking a wait-and-see attitude,” said Edward Jegg, Research Manager with Altus Group.
  • There were 345 single-family home sales in January, up 92 per cent from January 2023 and 78 per cent below the 10-year average.
  • This represents a combined inventory level of ten and a half months, based on average sales for the last 12 months.
  • The benchmark price for new condominium apartments was $1,052,474, which was down seven per cent over the last 12 months.

Altus Group Reports Q4 and Fiscal 2023 Financial Results; Announces Quarterly Dividend Payment

Retrieved on: 
Thursday, February 22, 2024
Cloud, Intelligence, Free cash flow, Net, CRE, TSX, Analytics, Altus Group, Funding, Table, Adjustment, Earnings, Property tax, Revenue, EPS, Development, Environment, Retail

Consolidated Adjusted EBITDA* was $34.2 million, down 2.2% (3.4% on a Constant Currency basis).

Key Points: 
  • Consolidated Adjusted EBITDA* was $34.2 million, down 2.2% (3.4% on a Constant Currency basis).
  • Net cash provided by operating activities was $44.7 million, up 62.7%, and Free Cash Flow* was a record $40.1 million, up 109.3%.
  • Analytics revenues were $103.2 million, up 7.4% (6.1% on a Constant Currency basis), of which Recurring Revenue* was $93.0 million, up 8.4% (7.0% on a Constant Currency basis).
  • “2023 was a year of significant progress driving revenue, profit and free cash flow growth,” commented Jim Hannon, Chief Executive Officer of Altus Group.

Altus Group Enhances Valuation Offer with New Pan-European Dataset

Retrieved on: 
Wednesday, February 21, 2024
Intelligence, Pan-European, CRE, TSX, Altus Group, Core, Data science, Geography, Data, Commercial property

LONDON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it has enhanced its European valuation offer with a new Pan-European dataset to compare and analyse commercial property valuation performance.

Key Points: 
  • LONDON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it has enhanced its European valuation offer with a new Pan-European dataset to compare and analyse commercial property valuation performance.
  • "As an independent provider of valuation management solutions, Altus Group is ideally positioned to partner with the CRE industry to drive valuation transparency,” said Julien Sporgitas, EMEA Valuation Leader at Altus Group.
  • “The Pan-European valuation dataset raises the bar for real estate analytics in Europe, bringing new insights on the drivers of commercial property valuations.
  • Altus Group’s Pan-European valuation dataset creates a centralised, standardized valuation dataset offering granular insight into why property values are changing.