Canada's Altus Group misses Q4 revenue estimates

Altus

19/02/2026 21:20

Overview

Canada CRE intelligence firm's Q4 revenue missed analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations

Company increased capital return objectives to $800 mln for 2026

Outlook

Altus Group expects 2026 revenue growth of 4-6% to C$516-C$526 mln

Company plans to return up to C$800 mln to shareholders in 2026

Altus Group anticipates Q1 2026 revenue growth of 4-6% to C$123-C$125 mln

Result Drivers

ARGUS INTELLIGENCE GROWTH - Altus Group reported accelerated growth in its flagship ARGUS Intelligence product, contributing to Q4 results

PORTFOLIO SIMPLIFICATION - Altus Group is simplifying its portfolio by divesting non-core businesses, including the Appraisals business

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$131.90 mln
C$138.90 mln (4 Analysts)
Q4 Adjusted EBITDA
Beat
C$37 mln
C$35.03 mln (4 Analysts)
Q4 Adjusted EBITDA Margin
28.00%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy."

Wall Street's median 12-month price target for Altus Group Ltd is C$61.00, about 51.6% above its February 18 closing price of C$40.25

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nGNX8KYLTg

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)