Altus Group | Jotup

GTA new home market quiet in February, inventory rises

Retrieved on:

Thursday, March 23, 2023

Government, Altus Group, Greater Toronto Area, GTA, BILD, Research, Human, Interview, Construction, Cryptocurrency

Toronto, ON, March 23, 2023 (GLOBE NEWSWIRE) -- The GTA new home market was quiet in February, the Building Industry and Land Development Association (BILD) announced today.

Key Points:

Toronto, ON, March 23, 2023 (GLOBE NEWSWIRE) -- The GTA new home market was quiet in February, the Building Industry and Land Development Association (BILD) announced today.
“Builders have been ramping up inventory, particularly in the new condominium apartment sector, in anticipation of a stronger spring market,” said Edward Jegg, Research Manager with Altus Group.
“Housing inventory has been rising, which represents an opportunity for some new home buyers,” said Dave Wilkes, BILD President & CEO.
*Altus Group should be credited as BILD’s official source of new home market intelligence.

Cognaize Announces Expansion of Executive Team and Board of Directors to Accelerate Growth and Innovation of AI-Powered IDP Solutions

Retrieved on:

Monday, March 20, 2023

He is the CEO of Andonian Advisory and serves on the board of Analog Devices and AEM Holdings.

Key Points:

He is the CEO of Andonian Advisory and serves on the board of Analog Devices and AEM Holdings.
He advised clients across the firm’s advanced industries and technology practice groups and served multiple terms on the Shareholders Council, the firm’s global Board of Directors.
“Cognaize is a rare company that has developed breakthrough innovation that is meeting the exact requirements of the market,” said Andonian.
“I am excited by the opportunity to drive the adoption of Cognaize’s IDP solutions in financial services organizations all over the world,” said Sensenich.

Altus Group Announces First Quarter 2023 Dividend

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Friday, March 17, 2023

Altus Group, DRIP, Income Tax Act, Treasury, TSX, Intelligence, Section 50C of the Isle of Man Income Tax Act 1970, Holding company

TORONTO, March 17, 2023 (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 Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the first quarter ending March 31, 2023.

Key Points:

TORONTO, March 17, 2023 (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 Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the first quarter ending March 31, 2023.
Payment will be made on April 17, 2023 to common shareholders of record as at March 31, 2023.
Altus Group’s Dividend Reinvestment Plan (“DRIP”) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company.
For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date.

Altus Group Releases Global Report on the State of Data Science in CRE Investing

Retrieved on:

Monday, March 6, 2023

Risk, Altus, Intelligence, Altus Group, Risk management, CRE, Commercial property, TSX, Data science, Cryptocurrency

TORONTO, March 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, has released a report examining the state of data science in commercial real estate (“CRE”) investing globally.

Key Points:

TORONTO, March 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, has released a report examining the state of data science in commercial real estate (“CRE”) investing globally.
While data science adoption in CRE is growing, nearly half of investors still aren’t employing data science to support decision-making, portfolio performance and operational efficiencies.
CRE firms have limited visibility into what their peers are doing in data science and how they fall on the adoption curve in comparison.
As we help our clients assess their requirements and implement data science capabilities, we’re seeing powerful proof points on how data science can help manage risk and drive performance.”
A copy of the Altus Group 2023 The State of Data Science in Commercial Real Estate Investing Report can be downloaded here .

GTA new home market quiet in January

Retrieved on:

Thursday, February 23, 2023

Human, Interview, GTA, Research, Greater Toronto Area, Altus Group, Construction, Government, BILD, Cryptocurrency, Property management

Toronto, ON, Feb. 23, 2023 (GLOBE NEWSWIRE) -- The GTA new home market saw a slow month in January, the Building Industry and Land Development Association (BILD) announced today.

Key Points:

Toronto, ON, Feb. 23, 2023 (GLOBE NEWSWIRE) -- The GTA new home market saw a slow month in January, the Building Industry and Land Development Association (BILD) announced today.
It was the lowest level of single-family home sales for January since Altus Group began tracking.
“New home sales started 2023 on a very quiet note,” said Edward Jegg, Research Manager at Altus Group.
*Altus Group should be credited as BILD’s official source of new home market intelligence.

Altus Group to Participate in Scotiabank’s TMT Investor Conference on March 7

Retrieved on:

Wednesday, February 22, 2023

Scotiabank, TSX, Management, Altus Group, Intelligence, Conference, Trump Media & Technology Group, Cryptocurrency, Financial adviser

TORONTO, Feb. 22, 2023 (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 Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host investor meetings at Scotiabank’s Telecom, Media & Technology (“TMT”) Conference in Toronto on March 7, 2023, including a fireside chat presentation at 3:30 pm ET.

Key Points:

TORONTO, Feb. 22, 2023 (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 Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host investor meetings at Scotiabank’s Telecom, Media & Technology (“TMT”) Conference in Toronto on March 7, 2023, including a fireside chat presentation at 3:30 pm ET.
Institutional investors wishing to attend the conference and schedule meetings with Management should contact their Scotiabank representatives to register.
Individuals may access the replay of the fireside chat webcast under the investor relations section of Altus Group’s website at https://www.altusgroup.com/investor-relations/ where it will remain archived for 30 days.

Altus Group Recognized as 2023 CRE Tech Influencer by GlobeSt.com

Retrieved on:

Monday, February 6, 2023

Data science, CRE, TSX, Risk, Altus, Intelligence, Organization, Internet celebrity, Altus Group

TORONTO, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate, is pleased to announce it was recognized by GlobeSt.com Real Estate Forum as a 2023 Influencer in CRE Tech.

Key Points:

TORONTO, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate, is pleased to announce it was recognized by GlobeSt.com Real Estate Forum as a 2023 Influencer in CRE Tech.
“It is an honor for Altus to be recognized on this year’s CRE Tech Influencers list,” said Jorge Blanco, Chief Commercial Officer at Altus.
“It is a privilege to be named among this impressive group of fellow industry leaders whose innovation and expertise have helped propel CRE technology forward,” said winner Michael Clawar.
This year’s award series sought to spotlight the outstanding CRE organizations and individuals that have influenced the industry through technological expertise and innovation.

Altus Group Announces Renewal of Normal Course Issuer Bid

Retrieved on:

Friday, February 3, 2023

TSX, Acquisition, Toronto Stock Exchange, Altus, Intelligence, Public company, Investment, Altus Group, Security (finance)

TORONTO, Feb. 03, 2023 (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, Feb. 03, 2023 (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, 2023 to February 7, 2024.
The average daily trading volume through the facilities of the TSX during the 26-week period ending January 31, 2023 was 71,734 common shares.

Altus Group to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on February 23, 2023

Retrieved on:

Tuesday, January 31, 2023

TSX, Altus, Altus Group, Webcast, Intelligence, Management

TORONTO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a market leading Intelligence as a Service provider to the global commercial real estate industry, announced today that it plans to release financial results for its fourth quarter and fiscal year ended December 31, 2022 after market close on Thursday, February 23, 2023.

Key Points:

TORONTO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a market leading Intelligence as a Service provider to the global commercial real estate industry, announced today that it plans to release financial results for its fourth quarter and fiscal year ended December 31, 2022 after market close on Thursday, February 23, 2023.
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.

GTA new home sales dipped in 2022 as interest rates, monetary policy affected prospective buyers

Retrieved on:

Tuesday, January 24, 2023

Altus Group, Research, Federation, Construction, Greater Toronto Area, GTA, BILD, Human, Real estate

Overall in 2022, there were 25,400 new homes sold in the GTA, according to Altus Group*, BILD’s official source for new home market intelligence.

Key Points:

Overall in 2022, there were 25,400 new homes sold in the GTA, according to Altus Group*, BILD’s official source for new home market intelligence.
Single-family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 4,483 new home sales in 2022.
With 398 condominium apartment sales, it was also the second lowest level of condominium apartment sales for December after December 2008.
“The hesitation new home buyers showed in the latter half of 2022 was no doubt largely the result of continued high interest rates and tightening monetary policy,” said Dave Wilkes, BILD President & CEO.