Real estate analytics firm Altus Group's Q3 revenue slightly misses estimates

Altus

06/11/2025 22:42

Overview

Altus Group Q3 revenue slightly missed analyst expectations, reaching C$133.3 mln

Adjusted EBITDA for Q3 missed analyst estimates, totaling C$25.6 mln

Company's recurring revenue grew 5.2% yr/yr, adjusted EBITDA margin expanded by 230 bps

Outlook

Altus Group expects Q4 2025 Analytics revenue to grow 3-5%

Company sees FY 2025 Analytics revenue growth at 2-4%

Altus Group anticipates FY 2025 consolidated revenue growth of 0-2%

Result Drivers

RECURRING REVENUE GROWTH - Driven by consistency and growth in assets on Valuation Management Solutions platform and ARGUS cloud conversions

ADJUSTED EBITDA MARGIN EXPANSION - Supported by improved operating leverage and pricing actions

REVENUE GUIDANCE IMPACT - Interest rate volatility and global trade uncertainty affected revenue guidance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
C$133.30 mln
C$134.44 mln (6 Analysts)
Q3 Adjusted EBITDA
Miss
C$25.60 mln
C$26.85 mln (8 Analysts)
Q3 Adjusted EBITDA Margin
19.20%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "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$63.50, about 11.7% above its November 5 closing price of C$56.10

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nGNX9lVf9b

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