Altus Group (TSE:AIF) reported disappointing financial results for Q3 2024, with revenue falling to CA$128.4 million, a 31% decrease from the previous year. The company experienced a net loss of CA$2.88 million, compared to a profit of CA$929,000 in Q3 2023, resulting in a loss per share of CA$0.06. Revenue missed analyst expectations by 2.1%, and earnings per share also fell short. Looking ahead, Altus Group’s revenue is projected to decline by an average of 13% annually over the next three years, while the broader Canadian real estate industry is expected to grow by 5.8%.

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