05:15 PM EST, 02/20/2025 (MT Newswires) -- Altus Group ( ASGTF ) after trade Thursday said its fourth-quarter adjusted profit rose on higher revenue.

On an adjusted basis, excluding most one-time items, the company reported a profit of $39.4 million, or $0.85 per share, compared with $11.8 million, or $0.26, in the prior year period. FactSet expected $0.39 per share.

Revenue rose 3.4% to $135.5 million from $131.1 million a year ago. FactSet projected sales of $134.5 million.

The company, which provides software and data to the real estate industry, said it is maintaining its quarterly dividend at $0.15 per share, payable on April 15 to shareholders of record on March 31.

The company also said the Toronto Stock Exchange has approved its plan to renew its normal course issuer bid. Altus can buy back up to about 3.2-million shares, or about 10% of its public float as of Feb. 11. The program runs from Feb. 25 to Feb. 24, 2026, depending on market conditions and other factors.

The company's shares closed down $1.16 to $55.83 on the Toronto Stock Exchange.