Altus Group

What Altus Group does

Altus Group (TSX:AIF; headquartered in Toronto, Canada; founded 2005) is a publicly traded commercial real estate software, data, and analytics provider undergoing a deliberate transformation into a pure-play CRE technology company. Following the January 2025 sale of its Property Tax business to Ryan, LLC for C$700 million and the February 2026 sale of its Canadian Appraisals unit to Newmark Group (paired with a multi-year ARGUS licensing agreement), the company has concentrated its strategy on the ARGUS Intelligence Platform — a cloud-based portfolio performance solution that integrates ARGUS Enterprise (valuation and cash flow forecasting), ARGUS Assist (an AI-powered conversational layer of specialized agents trained on 30+ years of proprietary CRE data), ARGUS Benchmark Manager, ARGUS Asset Manager, ARGUS Portfolio Manager, ARGUS ValueInsight, and adjacent modules (ARGUS Developer, ARGUS EstateMaster, ARGUS Taliance, ARGUS Voyanta, Fairways Debt, Forbury, Reonomy, and Altus Data Studio). Underlying technology is delivered primarily as cloud SaaS with annual subscription licensing, augmented by AR

Name

Altus Group

Legal name

Altus Group Limited

Website

https://altusgroup.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Altus Group is a Toronto-based commercial real estate technology provider serving global CRE investors, developers, lenders, and advisors with AI-powered analytics, valuation, and portfolio management software including the ARGUS Intelligence Platform and ARGUS Assist.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Software

NAICS

Information (51), Web Search Portals and All Other Information Services (51929)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Commercial real estate software
• CRE data analytics
• Property valuation software
• Real estate intelligence platform
• Asset and portfolio analytics

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Subscriptions: Recurring subscription revenue from software platforms including ARGUS Intelligence Platform, ARGUS Enterprise, and other analytical tools. Hybrid model combining recurring SaaS with cloud-based delivery.
2. Software Revenue: Software revenue component showing 12% year-over-year growth in Q1 2026, part of the strategic transformation into pure-play CRE technology provider.
3. Analytics-as-a-Service: Data analytics services providing market intelligence, benchmarking, and performance analytics for CRE professionals.
4. Valuation Advisory: Transaction-based valuation and appraisal services, though this segment is being divested (Canadian Appraisals sold to Newmark in 2026, property tax business sold to Ryan in 2025).

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

Altus Group provides software, data, and analytics solutions for the commercial real estate (CRE) industry. Its offerings include valuation and asset management software (ARGUS Enterprise), intelligence and benchmarking platforms, AI-assisted analytics (ARGUS Assist), and property intelligence data (Reonomy), serving CRE investors, lenders, brokers, developers, and asset managers.

Product overview

Altus Group offers a unified platform-plus-modules architecture centered on the ARGUS Intelligence Platform, which integrates multiple ARGUS products including ARGUS Enterprise (valuation and cash flow forecasting), ARGUS Assist (AI-powered conversational interface), ARGUS Benchmark Manager, ARGUS Asset Manager, ARGUS Portfolio Manager, ARGUS ValueInsight, ARGUS Developer, ARGUS EstateMaster, ARGUS Taliance, and ARGUS Voyanta. The portfolio also includes acquired brands Reonomy (US property data), StratoDem Analytics, Forbury (valuation software), and Finance Active (financial forecasting). Supporting services include Valuation Advisory, Integration Services, and Development Advisory. The platform serves commercial real estate investors, developers, lenders, and advisors across North America, Europe, and Asia-Pacific.

Differentiator

Problem solved

Functional benefit

Brands

• ARGUS Intelligence Platform: Next level portfolio performance solution that transforms how investors model and manage assets, portfolios and funds.
• ARGUS Enterprise
• ARGUS Assist
• ARGUS Benchmark Manager
• ARGUS Asset Manager
• ARGUS Portfolio Manager
• ARGUS Developer
• ARGUS EstateMaster
• ARGUS Taliance
• ARGUS ValueInsight
• ARGUS Cloud Portal
• Reonomy
• Altus Data Studio
• StratoDem Analytics
• Fairways Debt
• Forbury
• Finance Active

Products and services

• ARGUS Enterprise Cash flow, valuation, and asset management software used by commercial real estate professionals for portfolio modeling and investment analysis.
• ARGUS Intelligence Platform Market intelligence and benchmarking platform that delivers commercial real estate data, analytics, and insights for investment and portfolio decisions.
• ARGUS Assist AI-powered assistant that enhances productivity and analysis within Altus Group's commercial real estate software suite.
• Reonomy Property intelligence platform providing comprehensive U.S. commercial real estate data on properties, ownership, and transactions for CRE professionals.

Quantifiable outcome

• 21.9% adjusted EBITDA margin with 620 basis points expansion in Q1 2026
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature9 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Newmark GroupcoreOEM/ Whitelabel/ Licensing Partner · 17 February 2026Multi-year license agreement enabling Newmark global access to ARGUS Intelligence and other software and data offerings. Newmark acquired Altus's Canadian Appraisals business with over 25 years of history, 8 offices, 140+ professionals, and 3,000+ clients, expanding its Valuation & Advisory performance analytics and subscription services.
• YardicoreTechnology or Integration · 16 March 2021ARGUS Connector for Yardi Voyager integration collaboration, streamlining workflows between two commercial real estate industry solutions and enabling more informed decision-making for shared clients.
• Cushman & WakefieldcoreOEM/ Whitelabel/ Licensing PartnerGlobal rollout of ARGUS Intelligence platform and Portfolio Manager across Cushman & Wakefield's commercial real estate operations for valuation and portfolio performance analysis.
• RealSource PropertiesminorImplementation/ SI/ Consulting PartnerIndependent net asset value calculation engagement, with NAV increasing to $13.2003 per share as of September 30, 2024, reflecting move toward greater transparency in valuation process.
• Data Breakthrough AwardsminorOthersIndustry recognition program evaluating data technology solutions across innovation, performance, ease of use, functionality, value, and impact.

Scale indicators19 records

Recent moves9 records

Expansion highlights7 records

Broad incumbents

• MSCI (Real Capital Analytics): MSCI owns Real Capital Analytics, providing CRE transaction data, indexes, and analytics. It competes with ARGUS Benchmark Manager on market-level CRE benchmarking and valuation intelligence for institutional investors.
• JLL (Jones Lang LaSalle): JLL is a global CRE services firm with JLL Technologies offering data, AI, and software solutions (including Skyline AI). It competes with Altus on enterprise CRE technology mandates while also being a potential distribution channel for ARGUS products.
• CBRE Group: CBRE is the largest global CRE services firm and has invested in proprietary technology, analytics, and data products. It competes with Altus for enterprise technology mandates from large institutional investors and occupiers.
• Cushman & Wakefield: Cushman & Wakefield is a global CRE services firm that signed a global rollout of the ARGUS Intelligence platform. While a customer/partner, it also builds internal technology and competes indirectly as an enterprise buyer/influencer in the CRE tech stack.

Direct peers

• CoStar Group: CoStar is the dominant commercial real estate data, analytics, and listing platform globally with LoopNet and Apartments.com. It directly competes with Altus's Reonomy, Data Studio, and ARGUS Benchmark Manager on CRE property intelligence and competes for institutional analytics budget.
• Yardi Systems: Yardi is a leading CRE and multifamily software suite covering property management, valuation, and analytics via Yardi Voyager. Altus integrates with Yardi via the ARGUS Connector, reflecting overlapping product roadmaps in CRE lifecycle software.
• MRI Software: MRI Software sells real estate software across property management, accounting, and analytics for commercial and residential portfolios. Its CRE portfolio and valuation modules compete with the ARGUS Platform for institutional owner/operator budgets.
• RealPage: RealPage provides data, analytics, and software for real estate operators, predominantly multifamily but expanding into commercial. It competes in lifecycle RE software and competes with Reonomy/Altus Data Studio on market intelligence.

Regional players

• Walker & Dunlop: Walker & Dunlop is a US-focused CRE finance and services platform with proprietary technology and data capabilities for debt and equity transactions. It overlaps with Altus on debt management (Fairways Debt) and CRE analytics for capital markets.

Emerging players

• Cherre: Cherre is an AI-powered real estate data and analytics platform aggregating CRE asset, portfolio, and market data. As an emerging SaaS-native CRE intelligence platform, it overlaps with ARGUS Intelligence in serving institutional owners with unified data views.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/altusgroup
• Facebookfacebook.com/AltusGroup
• LinkedInlinkedin.com/company/altus-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Altus Group