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Altus Group Reports First Quarter 2021 Financial Results Steady Growth in Key Financial Metrics , Posts 42 % Bookings Growth at Altus Analytics TORONTO ( May 6 , 2021 ) - Altus Group Limited ( " Altus Group " or " the Company " ) ( TSX : AIF ) , a leading provider of software , data solutions and independent advisory services to the global commercial real estate industry , announced today its financial and operating results for the first quarter ended March 31 , 2021 . Altus Group Unless otherwise indicated , all amounts are in Canadian dollars and percentages are in comparison to the same period in 2020. Non - IFRS measures and Altus Analytics selected metrics are defined at the end of this press release . Summary : ● Consolidated revenues were $ 137.2 million , up 4.5 % Consolidated profit from continuing operations , in accordance with IFRS , was $ 2.6 million , up 50.1 % Consolidated earnings per share from continuing operations , in accordance with IFRS , was $ 0.07 per share , basic and $ 0.06 per share , diluted , compared to $ 0.04 per share , basic and diluted Consolidated Adjusted EBITDA was $ 17.2 million , up 30.1 % Adjusted EPS was $ 0.34 , compared to $ 0.20 Altus Analytics revenues grew 4.9 % to $ 54.2 million , of which Over Time revenues grew 6.7 % to $ 42.8 million , while Adjusted EBITDA increased by 23.2 % to $ 10.2 million Altus Analytics Bookings , a newly introduced metric , improved by 42.2 % to $ 21.3 million CRE Consulting revenues grew 4.2 % to $ 83.0 million and Adjusted EBITDA increased by 27.8 % to $ 15.0 million , driven by healthy revenue and earnings growth both at Property Tax and at Valuation and Cost Advisory At the end of the quarter Bank debt was $ 128.0 million ( representing a funded debt to EBITDA leverage ratio of 1.11 times ) and cash and cash equivalents was $ 69.1 million Subsequent to quarter end , the Company solidified its expansion into debt management SaaS solutions by closing on the previously announced acquisition of Finance Active , and advanced on its data strategy by acquiring StratoDem Analytics , a data - science - as - a - service platform for the real estate sector " Altus Group had a very productive start to the year executing on our long - term growth strategy , including closing two strategic acquisitions , increasing ARGUS Cloud adoption , and delivering robust topline and earnings growth at all our business segments , " said Mike Gordon , Chief Executive Officer at Altus Group . " We feel confident about the opportunities ahead of us in 2021 and the 42 % year - over - year increase in Bookings at Altus Analytics is a strong indicator of future growth . " Acquisition of StratoDem Analytics On May 4 , 2021 Altus Group acquired certain assets of StratoDem Analytics for US $ 24.4 million ( approximately $ 29.9 million ) , in cash and common shares , subject to adjustments . StratoDem Analytics is an early - stage altusgroup.com