08:41 AM EST, 11/20/2025 (MT Newswires) -- Altus Group ( ASGTF ) , a provider of commercial real estate intelligence, is hosting an Investor Day on Thursday at which it will announce a mid-term financial target, portfolio optimization plans, capital return plans with authorization to initiate a substantial issuer bid, new financial disclosures, and an intention to dual-list in the U.S.

"Altus has a tremendous opportunity ahead as it enters its next growth phase. The initiatives we are announcing today will accelerate the pace of our execution and further our position as a pure-play CRE intelligence provider," said Altus' Executive Chair and incoming CEO Mike Gordon. "We look forward to sharing more about our value creation plan to reposition Altus' financial profile and drive significant value for our shareholders."

Today's presentation, Altus said, includes strategic updates such as a mid-term financial target that will see it launch a goal to exit 2027 as a Rule of 40 company at the consolidated level [the Rule helps assess and measure SaaS business efficiency], as defined by the sum of its revenue growth and adjusted EBITDA margin.

Altus said the presentation includes portfolio optimization updates, saying it will further streamline its portfolio around its core ARGUS and Valuation Management Solutions (VMS) businesses. It also said it has initiated a sale process to divest its Appraisals and Development Advisory (A&DA) segment businesses. The company added that it is actively evaluating divesting or optimizing other non-core analytics products and services that are dilutive to growth and retention rates.

Capital return updates will also be provided in the presentation. The board has authorized up to C$500 million to be returned to shareholders through a combination of a Substantial Issuer Bid and a Normal Course Issuer Bid. The company intends to initiate a SIB that will see it offer to purchase for cancellation up to C$350 million of its common shares. It expects the offer to commence on or about November 26, 2025 and, on that basis, that the offer will expire on January 8, 2026, unless extended, varied or withdrawn. The offer is expected to proceed by way of a modified Dutch auction.

The company plans to renew its NCIB in the first quarter of 2026 in accordance with applicable stock exchange rules and execute purchases throughout the year.

Also, given the "attractive and stable financial profile" of the company, management believes the business can comfortably operate with modest incremental leverage. The company intends to progress towards its Funded Debt to EBITDA leverage target of about 2.5x. The company is committed to maintaining its current quarterly dividend.

Altus said updates on new financial disclosures will be also included in the presentation. The company will introduce new financial disclosures to be reported on a quarterly basis, commencing with its fourth-quarter FY25 financial results. The company also plans to update its adjusted EBITDA and adjusted earnings definitions.

In addition, the company said the presentation will also include updates on its plans to pursue a secondary dual-listing of its common shares in the U.S. market, with the planned dual-listing expected to occur in 2027. "At this time, the company does not intend to raise capital in conjunction with the dual-listing and will be maintaining its listing on the Toronto Stock Exchange."