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Provides real estate data, analytics and valuation/tax software and advisory services, including the ARGUS commercial real estate software platform.
Provides real estate data, analytics and valuation/tax software and advisory services, including the ARGUS commercial real estate software platform.
Analytics sells subscriptions to ARGUS valuation and cash-flow software and property data, a recurring base, while property-tax advisory is paid largely by fees tied to the tax savings it wins for owners, so it comes in lumps at assessment time. The purchase of Reonomy in 2021 broadened its data offering.
In one line: A commercial real estate data/analytics and software company like CoStar's software peer.
Moat: narrow (switching costs, installed base, brand). ARGUS is an industry-standard commercial real estate valuation platform, embedded deeply in customer workflows.
Headquarters: Toronto, Canada · Founded: 2005 · Employees: 1,552
Size Altus (AIF.TO) is a Canada Financials company (Finance/Rental/Leasing) with a market value of $1.26B, the 221st largest of 420 Canada companies the cockpit tracks. Shares closed at C$51.80 on 6 Nov 2026.
Performance Over six months the shares gained 15.5%, against -5.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 7.3% over the last twelve months (peer median +3.8%); the operating margin is 10.1% (peer median 18.2%).
Valuation It trades at 5.50× book value against a peer median of 1.31× (most expensive of 21).
Price implies The share price implies a return on equity of about 28.5%; Altus delivers -2.2%, so the price asks more than the business earns today.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$486M | C$503M | C$484M | C$510M | C$735M |
| Revenue growth | — | +4% | -5% | -31% | — |
| Gross profit | C$347M | C$293M | C$270M | C$464M | n/a |
| EBITDA | C$85.6M | C$65.6M | C$71.4M | C$63.0M | C$124M |
| Net income | -C$25.9M | -C$15.9M | C$13.4M | C$10.2M | -C$886,000 |
| Free cash flow | C$74.3M | C$78.5M | C$78.4M | C$66.6M | C$69.8M |
| Capital expenditure | C$3.25M | C$4.29M | C$7.46M | C$12.5M | C$24.5M |
| Total debt | C$272M | C$195M | C$320M | C$356M | C$378M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Altus AIF.TO | $1.26B | +15% | -7% | -2% | 5.50× | 28.5% |
| CoStar CSGP | $12.3B | -7% | +20% | 2% | 1.54× | 12.0% |
| Jones Lang LaSalle JLL | $16.9B | +12% | +11% | 15% | 2.21× | 21.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AIF.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.4% | +2.6% | 5th highest of 21 |
| 6-month return | +15.5% | -5.6% | 6th highest of 21 |
| Return on equity | -2.2% | 10.0% | 2nd lowest of 21 |
| Price / book | 5.50× | 1.31× | most expensive of 21 |
| ROE the price implies | 28.5% | 10.6% | 4th most demanding of 21 |
| ROE delivered | -2.2% | 10.2% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Altus AIF.TO | Canada | $1.26B | +15% | -7% | -2% | 5.50× | 28.5% | -2.2% |
| Kanamoto 9678.T | Japan | $1.23B | +17% | +2% | 9% | 1.20× | 6.4% | 9.3% |
| Taiwan Acceptance 9941.TW | Taiwan | $1.31B | -6% | -3% | 12% | 1.10× | 3.8% | 12.2% |
| Genertec Universal Medical 2666.HK | Hong Kong | $1.21B | -19% | 0% | 12% | 0.41× | 5.1% | 11.6% |
| Home First Finance Company India HOMEFIRST.NS | India | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% | 14.3% |
| Five-Star Business Finance FIVESTAR.NS | India | $1.33B | -10% | +9% | 15% | 1.59× | 22.3% | 15.2% |
| Ricoh Leasing Company,Ltd 8566.T | Japan | $1.20B | 0% | +4% | 5% | 0.77× | 4.3% | 5.3% |
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Hotai Finance 6592.TW | Taiwan | $1.08B | -6% | -9% | 10% | 0.92× | 3.4% | 9.7% |
| SBFC Finance SBFC.NS | India | $1.08B | -5% | +28% | 14% | 2.52× | 31.2% | 13.6% |
| Can Fin Homes CANFINHOME.NS | India | $1.05B | -16% | +8% | 19% | 1.55× | 29.3% | 19.4% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Willis Lease Finance WLFC | United States | $992M | -37% | +22% | 10% | 1.47× | 11.2% | 10.2% |