Altus Group reports first quarter 2018 financial results
Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry, announced today its financial and operating results for the first quarter ended March 31, 2018.
Q1 2018 summary
In comparison to Q1 2017:
Consolidated revenues increased 14.1% to $124.7 million
Consolidated profit (loss), in accordance with IFRS, was $(2.3) million compared to $0.6 million during the same period in 2017
Consolidated Adjusted EBITDA increased 16.0% to $15.5 million
Altus Analytics revenues increased 3.2% to $40.5 million, and Adjusted EBITDA decreased 35.5% to $8.2 million; recurring revenues increased 1.2% to $29.6 million
Property Tax revenues increased 46.4% to $48.6 million, and Adjusted EBITDA increased 209.7% to $13.1 million
Key contact
Camilla Bartosiewicz
Chief Communications Officer
Key contact
Camilla Bartosiewicz
Chief Communications Officer
About Altus Group
Altus Group Limited is a leading provider of independent advisory services, software and data solutions 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. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments.
Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.