Altus Group Limited (TSE:AIF) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Altus Group Limited, a leading commercial real estate intelligence firm, has announced the sale of its Property Tax business to Ryan, LLC for C$700 million, streamlining its operations to focus on Analytics. This divestiture will finance investments in analytics, a C$250 million share buyback program, and debt reduction, positioning Altus for robust revenue growth and margin expansion by FY 2026. The deal also includes a C$15 million subscription agreement with Ryan, further reinforcing Altus Group’s strategic pivot towards high-value growth opportunities.
For further insights into TSE:AIF stock, check out TipRanks’ Stock Analysis page.