Altus Group

Altus Group Announces Renewal of Normal Course Issuer Bid

Retrieved on: 
Friday, January 26, 2024
Intelligence, Toronto Stock Exchange, Investment, TSX, Acquisition, Altus Group

TORONTO, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate, announced today that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to renew its normal course issuer bid (“NCIB”) for its common shares as appropriate opportunities arise from time to time.

Key Points: 
  • TORONTO, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate, announced today that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to renew its normal course issuer bid (“NCIB”) for its common shares as appropriate opportunities arise from time to time.
  • Altus’ NCIB will be made in accordance with the policies of the TSX.
  • Altus may purchase its common shares during the period from February 8, 2024 to February 7, 2025.
  • The average daily trading volume through the facilities of the TSX during the 26-week period ending December 31, 2023 was 83,879 common shares.

GTA new home market sees low sales in December, slow 2023 harbinger of lower housing starts in 2024

Retrieved on: 
Thursday, January 25, 2024
BILD, Total, GTA, Housing, Interview, Altus Group, Human, Construction, Research

There were 154 single-family home sales in December, up six per cent from December 2022 and 70 per cent below the 10-year average.

Key Points: 
  • There were 154 single-family home sales in December, up six per cent from December 2022 and 70 per cent below the 10-year average.
  • This represents a combined inventory level of nine and half months, based on average sales for the last 12 months.
  • “Given that housing starts lag pre-construction sales by as much as two years, we can expect that the low level of sales in 2023 will result in lower housing starts in the future.
  • In fact, we are already seeing the pace of housing starts in the GTA beginning to decline.

Altus Group Releases Its 2024 Canadian Cost Guide

Retrieved on: 
Wednesday, January 24, 2024
Altus Group, City, Intelligence, TSX, Population growth, Database, Guide

TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released its 2024 Canadian Cost Guide, an annual assessment of real estate development and infrastructure construction hard costs across all asset classes in major Canadian cities.

Key Points: 
  • TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released its 2024 Canadian Cost Guide, an annual assessment of real estate development and infrastructure construction hard costs across all asset classes in major Canadian cities.
  • For decades, Altus Group’s Cost Guide has been relied on by the industry to help ensure accuracy and predictability of construction costs and to assess project risks.
  • “Despite elevated interest rates and inflationary pressures, Altus Group’s 2024 Cost Guide indicates that escalation in construction costs has stabilized,” said Colin Doran, Head of Development Advisory, Americas at Altus Group.
  • Actively staying on top of construction costs is imperative to balancing project risks and returns.”

Altus Group to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on February 22, 2024

Retrieved on: 
Monday, January 22, 2024
Intelligence, TSX, Altus Group, Webcast

TORONTO, Jan. 22, 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 financial results for its fourth quarter and fiscal year ended December 31, 2023 after market close on Thursday, February 22, 2024.

Key Points: 
  • TORONTO, Jan. 22, 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 financial results for its fourth quarter and fiscal year ended December 31, 2023 after market close on Thursday, February 22, 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.

Greenbriar Announces Construction Permit and Feasibility Study Update for Sage Ranch

Retrieved on: 
Monday, December 4, 2023
Benchmarking, OTC Markets Group, GRB, Altus Group, Voya Financial, Secondary school

Phoenix, Arizona--(Newsfile Corp. - December 4, 2023) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce that Altus Group has updated the Pro Forma Review of Sage Ranch dated effectively November 27th, 2023.

Key Points: 
  • Phoenix, Arizona--(Newsfile Corp. - December 4, 2023) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce that Altus Group has updated the Pro Forma Review of Sage Ranch dated effectively November 27th, 2023.
  • "The purpose of the Altus Group analysis is to assist in benchmarking the relative profitability of the development to facilitate obtaining financing" for which Greenbriar has executed a previously disclosed and current USD $40 million construction loan mandate with Voya Financial.
  • It is stressed that this is not an appraisal report."
  • To be developed in 6 phases over approximately 6 years.

GTA new home market continues flat in November; increase over prior year

Retrieved on: 
Thursday, December 21, 2023
Construction, Interview, Altus Group, GTA, Research, Housing, Total, BILD, Human, Condominium, Cryptocurrency

“The inventory of new homes available to purchase shrank in November,” said Edward Jegg, Research Manager with Altus Group.

Key Points: 
  • “The inventory of new homes available to purchase shrank in November,” said Edward Jegg, Research Manager with Altus Group.
  • There were 384 single-family home sales in November, up 41 per cent from November 2022 and 62 per cent below the 10-year average.
  • The GTA is on the cusp of a balanced market from a month’s inventory perspective.
  • With total inventory actually decreasing month over month, the balanced market from a month’s inventory perspective is a factor of low sales, not more product coming to market.

Altus Group Releases CRE Industry Conditions & Sentiment Survey Findings

Retrieved on: 
Wednesday, December 6, 2023
Sentiment, TSX, CRE, Intelligence, Altus Group

TORONTO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released the findings from its Q4 2023 CRE Industry Conditions & Sentiment Survey, a quarterly survey that collects insights on current market conditions and future expectations.

Key Points: 
  • TORONTO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released the findings from its Q4 2023 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 500 senior CRE professionals representing over 100 firms in the U.S. and Canada from October 13 to November 1, 2023.
  • The Q4 2023 CRE Industry Conditions & Sentiment Survey highlights the participants’ perspectives on:
    Recession and capital considerations: cost of capital expected to stabilize, though availability of capital remains challenged in the near-term amidst expectations of a shallow recessionary macro backdrop and a challenging operating environment.
  • Property performance and targeted returns: ranked expectations for property performance over the next 12 months show industrial and multifamily as the most favored types across North America.

GTA new home market flat in October

Retrieved on: 
Tuesday, November 28, 2023
Construction, Interview, Altus Group, GTA, Erosion, Research, Housing, Total, BILD, Human

“October new home sales eased across the GTA while inventory levels continued to climb,” said Edward Jegg, Research Manager with Altus Group.

Key Points: 
  • “October new home sales eased across the GTA while inventory levels continued to climb,” said Edward Jegg, Research Manager with Altus Group.
  • There were 568 single-family home sales in October, up 47 per cent from October 2022 and 51 per cent below the 10-year average.
  • The sooner the market gets indications that more moderate interest rates are on the horizon, the sooner we will see more added housing supply.
  • *Altus Group should be credited as BILD’s official source of new home market intelligence.

The Inner Circle Acknowledges, Jaime Mulder as a Distinguished Pinnacle Professional for her contributions to the field of Finance

Retrieved on: 
Friday, December 22, 2023
Baylor University, Family, Inner circle, Altus Group, Football, Multimedia, Friends, Education, COVID, Invesco, Mulder

DALLAS, Dec. 22, 2023 /PRNewswire/ -- Prominently featured in The Inner Circle, Jaime Mulder is acknowledged as a Distinguished Pinnacle Professional for her contributions to the field of Finance.

Key Points: 
  • DALLAS, Dec. 22, 2023 /PRNewswire/ -- Prominently featured in The Inner Circle, Jaime Mulder is acknowledged as a Distinguished Pinnacle Professional for her contributions to the field of Finance.
  • Ms. Mulder pursued higher education at Baylor University where she earned a bachelor's degree in business administration, Cum Laude.
  • An expert in client portfolio management and managing valuations, Ms. Mulder operates successfully by leading a team of seasoned professionals across the USA and Canada.
  • Ms. Mulder considers navigating the COVID pandemic and its impact on commercial valuations a challenging time in the industry she and her team at Invesco overcame.

Altus Group Enters into Agreement to Purchase SitusAMC's Commercial Real Estate Valuation Services Business

Retrieved on: 
Thursday, November 9, 2023
EBITDA, Altus Group, Acquisition, LLP, Kirkland & Ellis, Insurance, Intelligence, Normalization, CRE, Documentation, REVS, Adjustment, Hand, Cravath, Swaine & Moore, TSX, Commercial property, Retail, Bank, Evercore, Analytics

“We are excited to have the highly regarded REVS team join the top talent at Altus Group.

Key Points: 
  • “We are excited to have the highly regarded REVS team join the top talent at Altus Group.
  • Enhances strategic long-term growth opportunities: adds strong technology assets with expansive valuation datasets that are core to Altus Group’s strategy to scale advanced analytics.
  • “The combination of our market expertise and expansive valuation datasets will create best-in-class valuation intelligence,” added Rick Kalvoda, President of Analytics for the Americas region at Altus Group.
  • Altus Group plans to discuss the transaction during its Q3 2023 financial results conference call scheduled at 5:00 pm ET today.