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Altus Group Limited (AIF.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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55.36+0.53 (+0.97%)
As of 1:24PM EDT. Market open.
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Previous Close54.83
Open54.79
Bid55.33 x 0
Ask55.36 x 0
Day's Range53.95 - 56.00
52 Week Range33.18 - 57.04
Volume36,541
Avg. Volume159,011
Market Cap2.225B
Beta (5Y Monthly)1.00
PE Ratio (TTM)170.86
EPS (TTM)0.32
Earnings DateNov. 12, 2020
Forward Dividend & Yield0.60 (1.09%)
Ex-Dividend DateSep. 29, 2020
1y Target Est51.61
  • Altus Group to Participate in Two Upcoming Investor Conferences
    GlobeNewswire

    Altus Group to Participate in Two Upcoming Investor Conferences

    TORONTO, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or “the Company”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, announced today that Mike Gordon, Chief Executive Officer, and Angelo Bartolini, Chief Financial Officer, will present at the following two upcoming virtual investor conferences: * TD Securities Technology Conference on November 16, including a fireside chat presentation at 8:30 am ET. * RBC Capital Markets Canadian Small Cap Conference on November 23, including a fireside chat presentation at 8:00 am ET. Institutional investors wishing to attend the virtual conferences and schedule meetings with Management should contact their TD Securities and RBC Capital Markets representatives to register. Individuals may access the live webcasts under the investor relations section of Altus Group’s website at https://www.altusgroup.com/company/investor-relations where they will remain archived for 30 days.About Altus Group LimitedAltus Group Limited is a leading provider of software, data solutions and independent advisory services 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 2,200 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.FOR FURTHER INFORMATION PLEASE CONTACT:Altus Group LimitedCamilla Bartosiewicz Vice President, Investor Relations 416-641-9773 camilla.bartosiewicz@altusgroup.com

  • Altus Group Report Reveals Property Tax Burden a Continued Pressure Point for Businesses Across Canada During Challenging Pandemic Environment
    GlobeNewswire

    Altus Group Report Reveals Property Tax Burden a Continued Pressure Point for Businesses Across Canada During Challenging Pandemic Environment

    While Vancouver and Calgary reduce property tax burden for businesses, Montreal and Toronto continue to post the highest commercial-to-residential tax ratios; Quebec City and Halifax also maintain higher ratio than national averageTORONTO, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, in partnership with the Real Property Association of Canada (“REALPAC”) today released the 2020 Canadian Property Tax Rate Benchmark Report, which provides an in-depth look at property tax rates, both commercial and residential, in 11 major urban centres across Canada. Property taxes are paid by both business property owners and residential property owners, however the rates they pay vary because they are set at the discretion of taxing authorities. The ongoing challenge that governments face is to find ways to fund municipal budgets while at the same time balancing the perceived fairness between commercial and residential taxpayers.For over 17 years, Altus Group has conducted this report analyzing the differing tax ratios between commercial and residential properties. The 2020 report found that, for the third consecutive year, eight of the 11 cities surveyed have a commercial tax rate which is at least double the residential tax rate. This means that a commercial property would incur property taxes more than twice the amount of an equally valued residential property, resulting in dramatic impacts particularly on Canadian small businesses.The average commercial-to-residential tax ratio for the cities surveyed in 2020 was 2.65, a positive trend reflecting a -6.56% decrease from 2.84 in 2019. This decrease was largely driven by significant reductions in the Vancouver and Calgary ratios, dropping -36.84% and -22.05% respectively. However, Montreal saw the largest increase in the survey of 4.45%, rising above a 4.00 ratio for the first time in 17 years.Year-Over-Year Commercial-to-Residential Tax Ratios City20202019% Change 2019 to 2020 Montreal Toronto Quebec City Halifax4.106 3.621 3.454 2.8773.931 3.703 3.434 2.8704.451 -2.213 0.580 0.262 Average2.6522.838-6.563 Calgary Ottawa2.580 2.4553.310 2.509-22.045 -2.154 Edmonton2.3822.406-0.989 Vancouver Winnipeg2.301 1.9413.643 1.962-36.842 -1.095 Regina1.7401.742-0.097 Saskatoon1.7161.7130.180 “While the decrease in the overall average commercial-to-residential ratio is a positive step in the right direction, more action needs to be taken by governments in particular regions where the ratio has been steadily increasing,” said Terry Bishop, President of Property Tax Canada at Altus Group. “COVID-19 has accelerated the need to reduce the commercial-to-residential tax ratio given the significant added pressure currently facing businesses. Municipalities should recognize that bringing down the commercial-to-residential tax ratio will not only help provide some much-needed relief to struggling businesses during this time but will also make their cities more appealing to businesses going forward. This in turn will help foster job growth and lead to sustainable revenue for the city.”Market-By-Market Trend Analysis * Montreal’s commercial-to-residential tax ratio first rose above the average in 2008 and has been steadily climbing since. For the second consecutive year, Montreal has remained the city with the highest ratio, currently sitting at 4.11. The city’s ratio rose 4.45%, the largest ratio increase in the 2020 survey, to sit above 4.0 for the first time. * Toronto continued its 16-year trend of decreasing its commercial-to-residential tax ratio with a -2.21% decline. * Quebec City’s commercial-to-residential tax ratio moves from fourth to the third highest of all cities surveyed. In 2019, its ratio decreased by -3.75%, reversing a 15-year trend; however, in 2020, the ratio increased by 0.58% * Halifax’s commercial-to-residential tax ratio has slowly been increasing over the past few years. It now sits above the average for the second consecutive year. * Calgary saw the second largest ratio decrease of all 11 cities at -22.05%, ending a six-year trend of consecutive increases. The decrease in the ratio was a result of a significant increase in the residential rate (13.05%) and a significant decrease in the commercial tax rate (-11.87%). * Ottawa’s commercial-to-residential tax ratio has been decreasing since 2017. For the eleventh consecutive year, it sits just below the average ratio at 2.45. * Edmonton sits below the average with a commercial-to-residential tax ratio of 2.38 and has remained relatively stable over the last five years. * Vancouver posted the largest increase in the residential tax rate (14.23%), the largest decrease in the commercial tax rate (-27.85%) and, as a result, the largest decrease in the commercial-to-residential tax ratio (-36.84%) of all 11 cities surveyed. This ratio decrease took Vancouver from the third highest ratio in 2019 to the fourth lowest in 2020. Additionally, for the 20 years prior to 2019, Vancouver’s ratio was above 4:1. * Winnipeg continues to be the third lowest of the 11 cities with its commercial-to-residential ratio remaining relatively flat at 1.94. * Regina remains quite stable posting a 1.74 commercial-to-residential tax ratio. * Saskatoon continues to have the lowest commercial-to-residential tax ratio at 1.72, a very slight increase from last year’s ratio of 1.71. Municipal vs. Provincial Components of Tax Ratio New for 2020, the report provides an in-depth analysis into the tax ratios of the 11 cities surveyed to deliver greater visibility into what is driving their ratios.The total tax rate in each city, for both commercial and residential properties, is comprised of two components: 1) a rate for Municipal Taxes and 2) a rate for Provincial Taxes (primarily funding public education). By calculating separate tax ratios for each of these two components, it provides better insight into which level of government (municipal or provincial) is primarily responsible for the high ratio or to be credited for the lower ratio in a city.In 2020, Calgary, Edmonton, Montreal, Quebec City and Halifax all have higher than average tax ratios that are being driven by the Municipality. Meanwhile, in Toronto and Ottawa, it is the Province (specifically the Provincial Education levy) that is increasing their ratios. Without significant downward movement in the Provincial ratio, both Toronto and Ottawa will be challenged to bring their overall ratios down.A copy of the Altus Group 2020 Canadian Property Tax Rate Benchmark Report can be downloaded at https://www.altusgroup.com/services/reports/canadian-property-tax-rate-benchmark-report-2020/.About Altus Group Limited Altus Group Limited is a leading provider of software, data solutions and independent advisory services 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 2,200 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include many of the world’s largest commercial real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the Toronto Stock Exchange under the symbol AIF.For more information on Altus Group, please visit: www.altusgroup.com.FOR FURTHER INFORMATION PLEASE CONTACT:Altus Group Limited Jeff Hayward Vice President, Global Marketing & Communication (416) 234 – 4212 jeff.hayward@altusgroup.comProof Strategies Inc. Ryan Lannon (905) 449 – 3123 rlannon@getproof.com

  • Altus Group to Announce Third Quarter 2020 Financial Results on November 12, 2020
    GlobeNewswire

    Altus Group to Announce Third Quarter 2020 Financial Results on November 12, 2020

    TORONTO, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or “the Company”) (TSX: AIF) announced today that it plans to release its third quarter results for the period ended September 30, 2020 after market close on Thursday, November 12, 2020. Altus Group executives Mike Gordon, Chief Executive Officer, and Angelo Bartolini, 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. Q3 2020 Results Conference Call & WebcastDate: Thursday, November 12, 2020 Time: 5:00 p.m. (ET) Webcast: altusgroup.com (under Investor Relations) Live Call: 1-800-273-9672 (toll-free North America) or 416-340-2216 (Toronto area) Confirmation : 4343347 (please reference this number when speaking with the operator to connect to the live call) Replay: A replay of the call will be available via the webcast at altusgroup.com. About Altus Group Limited Altus Group Limited is a leading provider of software, data solutions and independent advisory services 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 2,200 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include many 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.FOR FURTHER INFORMATION PLEASE CONTACT:Altus Group Limited Camilla Bartosiewicz Vice President, Investor Relations 416-641-9773 camilla.bartosiewicz@altusgroup.com