![\"Altus](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/02\/2026-02-26-53-mike-gordon-800x800jpg.jpg\")
\nAltus CEO Mike Gordon. (Courtesy Altus)<\/p>\n
\nAltus CEO Mike Gordon. (Courtesy Altus)<\/p>\n
Despite market discussion about how AI may reshape the software landscape and leave software firms vulnerable, Altus Group<\/a> (AIF-T<\/a>) is not concerned the technology will disrupt its business model, says its CEO Mike Gordon.<\/p>\n \u201cWe believe our position is well-protected,\u201d he said, speaking during a Q4 2025 earnings call and webcast on Feb. 19. \u201cFrom our perspective, AI reinforces our strategic direction and strengthens the advantages that already differentiate our business.\u201d<\/p>\n Gordon said the Canadian commercial real estate intelligence provider stands apart in providing high-quality data and trusted CRE evaluations and that its role is becoming more strategic as AI evolves.<\/p>\n \u201cWe are enhancing our agentic capabilities to do more than just generate insights, but rather perform critical actions within the valuation workflow, from data ingestion and valuation to scenario analysis and recommendation engines,\u201d he said.<\/p>\n On Jan. 1, Altus announced the sale of its Quebec Municipal Assessment service to the F\u00e9d\u00e9ration Qu\u00e9b\u00e9coise des Municipalit\u00e9s Locales et R\u00e9gionales<\/a> and on Feb.17, Altus announced the sale of its Canadian appraisals business to an affiliate of New York-based Newmark Group<\/a>. Altus will receive approximately $9.4 million from the sales, which are aimed at rationalizing its portfolio and focusing on core analytics.\u00a0<\/p>\n Altus has \u201ca few additional divestitures underway that could close in the first half of the year, including the Canadian development advisory business,\u201d Gordon said.\u00a0<\/p>\n \u201cOur objective is to sharpen our focus and to simplify the portfolio as we continue our transformation and prepare for a U.S. listing in 2027.\u201d (Sixty-four per cent of Q4 2025 revenues came from the U.S. versus 12 per cent from Canada.)<\/p>\n Plan to return up to $1.25B to shareholders<\/p>\n Gordon said Altus remains committed to returning capital to shareholders, and has board approval to return up to $800 million this year through various initiatives.\u00a0<\/p>\n \u201cWe\u2019re evaluating methods to return up to an additional $450 million to shareholders within the first half of 2026. Our plan is to be in market over the next 100 days returning that capital,\u201d he said. \u201cWe believe the current market environment presents an opportunity to allocate capital at attractive return levels and our best investment continues to be on Altus itself.\u201d<\/p>\n In response to an analyst\u2019s question, the CEO said he is not concerned about the potential of customers going in-house and using their own data.<\/p>\n \u201cWe\u2019re not seeing that trend,\u201d he said. Clients, rather, are pushing to \u201cget their data loaded into ARGUS Intelligence so that they can collaborate with others more quickly.\u201d<\/p>\n Clients \u201clook at us as an extension of what they would see in-house\u201d rather than as competition and are eager to use Altus\u2019 new concepts and AI tools.\u00a0<\/p>\n Financial report highlights<\/p>\n The company\u2019s 2025 revenue was $502.9 million, a 3.89 per cent increase from 2024. \u201cEven in this softer market we demonstrated that demand for our solutions remain(s) resilient,\u201d Gordon said.\u00a0<\/p>\n Q4 2025 revenues were up 3.6 per cent to $131.9 million, with a loss of $5.2 million from continuing operations, a 116.1 per cent drop.<\/p>\n Altus has a strong foundation to accelerate growth in 2026, Gordon said, noting most ARGUS Enterprise clients have upgraded to ARGUS Intelligence, including brokers JLL, Newmark and Cushman & Wakefield. (ARGUS Intelligence builds on ARGUS Enterprise and provides enhanced performance management, analytics and benchmarking tools. The software is used for cash flow and valuation modelling, performance monitoring, analysis and management across CRE.)<\/p>\n The company is forecasting 2026 revenue growth of four to six per cent, and a recurring revenue increase of five to seven per cent for the year. More than 81 per cent of Altus\u2019 fiscal 2025 consolidated revenue for continuing operations was comprised of recurring solutions, as they are sold primarily on subscription contracts and benefit from solid retention.<\/p>\n CFO Pawan Chhabra said Altus has seen six consecutive quarters of margin expansion. \u201cOur revenue is going to continue to steadily improve and we\u2019re taking direct action to make sure that we\u2019re scaling our business appropriately with our growth to drive that margin expansion.\u201d<\/p>\n Providing a view of CRE market conditions, Chhabra said while rate volatility has eased, trade policy and regulatory uncertainty continue to weigh heavily.\u00a0<\/p>\n While transaction activity improved in 2025 and is expected to continue to be good in 2026, \u201cthe recovery is uneven across asset types. Multi-family and industrial continue to lead, retail is stable and office is bifurcated between prime space leasing and some of the older commodity stock that continues to reprice.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Altus CEO Mike Gordon. (Courtesy Altus) Despite market discussion about how AI may reshape the software landscape and…\n","protected":false},"author":2,"featured_media":503117,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,61],"class_list":{"0":"post-503116","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-ca","12":"tag-canada","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/503116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=503116"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/503116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/503117"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=503116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=503116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=503116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}