Good morning, everyone. I am Ray Mikolich, the Chairman of the Board of The Altus Group Limited, and it's my pleasure to welcome you to the twenty twenty one Annual Meeting of the Shareholders of The Altus Group. And I do that on behalf of the Board, management and the over 2,500 employees worldwide of the Altus Group. Thank you all for joining us, once again virtually as we adapt to these extraordinary times brought on by the COVID pandemic. We're continuing to live through this global health crisis, and the entire Altus Altus community, the board, management, and employees all extend our deepest condolences to those who have suffered hardship and who have lost loved ones to the insidious virus.
Our way of life and doing business has been disrupted. And while in North America, we are hearing and seeing some better news about the war on COVID, we hope to see the end of the tunnel. And we do know that the human spirit will prevail, but at the same time, some of these losses will be forever, and some of the disruption and dislocation will remain. Markets, business models, and human behavior have changed, and they will continue to adapt, as we move forward. The real estate industry will have to adjust its planning and its expectations to the new realities.
Fortunately for us, the Altus Group came into this crisis financially sound and well positioned to continue in its business and to continue to provide our clients with the insights and analytic tools they needed to navigate these complex times. And 2020 was a real benchmark year for Altus, not only because of the company's resilience and performance in the face of the pandemic, but also for its smooth transition of management. In his seven years as CEO, Bob Cortot positioned Altus as a leading purveyor of software and services to the real estate industry. So your company was able to quickly adapt to remote work and to maintain our commitment to our customers, and importantly, at the same time, to the safety of our colleagues. And with that backdrop of stable operations and earnings, your board was comfortable transitioning management, concluding a succession process that we had initiated back in 2019.
So in the 2020, we transitioned leadership to Michael Gordon, who joined the Altus Group as CEO. Mike's data and analytics background is an exceptional complement to the company's software and services business. We were very fortunate to find him, and he has already had a great impact on the Altus Group. The recent purchase of Finat Active, which marks the entry of Altus into the debt markets, is a perfect example of Mike's commitment and vision to expand data and analytics in our world class platform. It's a precursor of exciting things ahead, and we're very excited to have Mike leading the company into the next chapter.
And on behalf of everyone, I want to welcome Mike formally at this annual meeting. While the pandemic is not over and its impact on the global economy and the business and real estate community yet to be realized, the need for increased data and analytics in the real estate markets has crystallized, and the opportunities for Altus and its ever evolving products to serve its clients are immense. Our people have been dedicated to serving our customers, not only as a normal course of business, but as they have worked through the challenges of the pandemic. They enthusiastically look to the opportunities of the future, and they have warmly welcomed Mike and his new management. It is because of their commitment, their flexibility, and their efforts that we entered 2021 with great confidence and great excitement.
We thank all of them for their dedication and their commitment. Altus is committed to performance, but it is also committed to good corporate governance and practices. We strive for practices that not only represent compliance with legal and regulatory requirements, but also exceed them and respond to corporate best practices. Continuing our commitment to gender diversity, over 40% of our independent directors are women. The Board has added diversity, equity and inclusion as well as public policy and external relations and sustainability to our Board skills matrix.
And our Board mandate and committee charters now include oversight of certain ESG risks and opportunities consistent with the company's long term strategy. Now before we get started with the business portion of the meeting, I'd like to take a moment to acknowledge several members of the executive leadership team that are with us today. Angelo Bartolini, our longtime Chief Financial Officer, who many of you know, is with us today, and you will hear from him later in the proceedings. Steve Besner, our Chief Software Development Officer, started with Argus back in 1995 Jorge Blanco, our Chief Product Officer Kim Carter, our new Chief People Officer, along with a new title, Chief People Officer, which we like Ernie Clark has joined us as our Chief Marketing Officer Terilyn Devinish, our newly appointed chief legal officer and secretary, has stepped in to fill the shoes of Leanna Turrin, who recently retired after serving Altus Group for many, many years. Jim Hannon is with us today.
He was recently appointed president of Altus Analytics. Ed Orlich is with us, our chief information officer. Alex Proben, our long time another long time employee of Altus, was recently appointed as the President of our Global Property Tax Group. I want to welcome everyone, and thank you all for your commitment and for bringing your extraordinary talents to Altus. As this meeting is being held virtually via live webcast, we will do our best to stick to our typical format, but it is necessary that we point out a few rules to facilitate the ordinary conduct of the meeting.
Questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxy holder using the instant messaging and chat room of the Lumi virtual interface. When asking a question, please indicate your name, which entity you represent, if any, and confirm that you are a registered shareholder or proxy holder. Please note that there will be a slight delay in the response to any communications we receive. As a general rule, questions will be addressed at the end of the meeting. However, questions regarding procedural matters or directly related to the motions before the shareholders may be addressed during the meeting.
As I said, questions should come in through the chat room. Voting on all matters will be cast on a single electronic ballot. For your convenience, we have opened the polls now, and that's we've opened them on all matters that will be presented during the proceedings. So you can vote anytime during the meeting. I remind you that if you've already voted prior to attending this meeting by completing a proxy or voting information form, there's no need to vote again.
Only registered shareholders and duly appointed proxy holders may vote, and, of course, we ask that you vote on each of the business items presented. If you have signed in as a guest, you will not be able to vote. So let's get started. All of the current members of the Board of Directors are in attendance, and let me introduce them. Angela Brown joined our board in 2016 and is the chair of our corporate governance and nominating committee.
She also serves on the audit committee. Colin Dyer joined our board in 2019 and is a member of the Audit Committee and the Corporate Governance and Nominating Committee. Colin was most recently the global CEO of Jones Lang LaSalle prior to joining our Board. Tony Gaffney has served on the Board for nine years and is the Chair of our Human Resources and Compensation Committee and on the audit, and serves on the Audit Committee. Tony Long joined our board also in 2019 and is a member of the Audit Committee and the Human Resources and Compensation Committee.
Tony was a senior executive with CBRE prior to co founding his own real estate investment firm. I'd point out that both Tony and Colin come from organizations that are customers of the Altus Group, big customers of the Altus Group. Diane McDermott joined the Board in 2012 and serves on our Corporate Governance and Nominating Committee and on our human resources and compensation committee. Janet Woodruff joined the board in 2015 and is the chair of our audit committee. She also serves on the human resources and compensation committee.
And finally, Mike Gordon, our Chief Executive Officer, who joined the Board when he joined the company at the September 2020. I am privileged to be the Chair of this outstanding group, I wanna personally thank each member of the board and the committee chairs particularly for their hard work, wisdom, dedication, and teamwork over the past year. 2020 was undoubtedly a busy year for the Altus Group, and I can report to my fair fellow shareholders that your board and each of the directors individually were staunch in their support of your company and committed to spending the time and energy to fulfill their duties. And they did that in an exceptional manner, and I thank them all. Now before we get started and proceed into the business meeting, I asked, Terry Devynesch, the company's chief legal office Officer and Corporate Secretary, to start us with an important notice and reminder.
Thank you, Mr. Chair. The statements made during this meeting, which are not historical facts, are statements containing forward looking information, in respect of which various factors and assumptions were applied or taken into consideration. Our actual results could differ materially as a result of numerous risks and uncertainties, and reference should be made to our annual information form and most recent management discussion and analysis for a discussion of these and related risks. With that, I'll turn the meeting back to the Chair.
Thank you, Teri. I will now officially call this meeting to order, and we'll start by addressing a few procedural matters. With the consent of the shareholders, I will act as the Chair of this meeting. Terry Devinisch will act as the secretary in AST Trust Company. Our transfer agent by its representatives will act as scrutineer of the voting.
Please note everyone who's been to these meetings year in and year out that I finally got scrutineer correct. We will be dealing with a number of formal and administrative matters at today's meeting. And due to the meetings being held virtually and to avoid technical difficulties, I will simply move and second all of the motions. I ask that Terry Demings please table the following documents, the notice of meeting, form of proxy, the management information circular dated 03/19/2021, and the declaration of mailing, which, of course, provided service of notice of all the tabled materials on each of the shareholders of record of the company.
Thank you, Mr. Chair. I confirm the tabling of the following documents: notice of meeting, form of proxy, management information circular dated 03/19/2021, and the declaration of mail.
Thank you, Terri. The notice of meaning form of proxy and management information circular were mailed to the shareholders on or about 04/01/2021. Accordingly, unless there's any objection, I will dispense with the reading of the notice of meeting. Copies of the management information circular and the other meeting materials are available on our website and are also on the SEDAR website under our company's profile. I can confirm that all of these documents have also been delivered to each director and the auditors of the company.
Now according to bylaw number one, two or more persons holding or representing 25% of the votes attached to the common shares entitled to vote at the meeting will represent a quorum, and I have been advised that there are proxies representing more than 25% of all the outstanding common shares. Therefore, we have a quorum of shareholders of the company present, and this meeting is properly called and duly constituted for the transaction of business. I will ask Terri Lynn to please include the declaration of mailing of the notice of the meeting and the scrutineer's final report on attendance in the minutes of the meeting. As mentioned at the beginning of the meeting, registered shareholders and duly appointed proxy holders are asked to vote on each of the business items. The polls on all matters are open and will remain open during the course of the meeting.
At the conclusion of the meeting and the voting, the scrutineer will compile the votes with respect to the business issues, and the results will be reported. Again, if you've already voted prior to attending this meeting, there is no need to vote again. So as the first item of business on the agenda for today's meeting, I'd like to now table the twenty twenty financial statements and the auditor's report of the financial statements. Copies of the statements are available on our website and on the SEDAR website under our company's profile. They were also mailed to the shareholders who requested them.
The next item of business is the election of directors. As the company did not receive notice of any director nominations in connection with the meeting in accordance with its general bylaw number two, an advanced notice bylaw, the only persons eligible to be nominated for election to the board of directors of the company are the nominees described in the management information circular. The nominees for election as directors of the Altus Group are Angela Brown, Colin Dyer, Anthony Gaffney, Michael Gordon, Anthony Long, Diane McDermott, Raymond Mickolich, and Janet Woodruff. If elected, the nominees will hold office until the next annual share meeting of shareholders or until their successors are elected and appointed. Since there are no other nominations, I move and second a motion to elect these directors.
Our corporate governance guidelines provide for the election of directors according to the company's majority voting policy, and it is therefore necessary to vote for the election of each director. The following description of this the full description of this policy is provided in the management information circular for the meeting. And as I've now repeated a few times, there is a single ballot. It is open and available. And unless there are any questions or discussions, objections, we will move on to the next item of business.
The next item
is the appointment of our auditor for the current year and authorizing the board of directors to fix the remuneration of the auditors. On the recommendation of our audit committee, the board of directors directors recommends that the present auditor, Ernst and Young LLP, be retained for the current year as auditor of the company. I move and second that Ernst and Young LLP be appointed auditors of the company until the next annual meeting of the shareholders and that the board of directors be authorized to fix their remuneration. The motion is on the floor. I remind you to vote again for the appointment of the auditors if you not have not already done so.
And unless there's any questions or discussions, I'll move to the next item of business. And the final item of business is the approval of the nonbinding resolution, the full context of which is set out on page 10 of the management information circular, that on an advisory basis and not to diminish the role and responsibility of the board of directors, the shareholders of the company accept the approach to executive compensation described in the MIC. The advisory vote is on the agenda and is an opportunity for shareholders to have their say regarding our executive compensation. Our plans are designed to align executive compensation with the long term interests of our shareholders. And last year, our compensation plans had the support of 90% 94%, to be precise, of the votes cast in favor by the shareholders.
So as in the past, I move and second that the shareholders of the company accept the approach to executive compensation described in the nonbinding advisory resolution, which shall be taken as read and that it be approved. Unless there are any questions or discussions, we will move on. So to reiterate, voting is being conducted on that single ballot. It has been open during the whole meeting. Again, I remind you if you already voted, there is no need to vote again, and only registered shareholders or proxy holders may vote.
If you've signed in on a guest, you will not be allowed to vote. Once the electronic balloting closes, the voting page will disappear, and your votes will be submitted. And with that, I will ask the scrutineer to confirm that the voting if and when the voting is completed and to report the results of the voting on all business matters.
Mr. Chair, the polls are now closed, and I confirm that all votes have been received.
Thank you, Ms. Harrodt. I have received the scrutineer's preliminary report and confirm the following. Angela Brown, Colin Dyer, Anthony Gaffney, Michael Gordon, Anthony Long, Diane McDermott, Raymond Mickolich, and Janet Woodruff have been elected as directors of the company to serve until the next annual meeting of shareholders or until their successors are elected or appointed. I also confirm the appointment of Ernst and Young LLP as the auditors of the company.
It has that motion has been approved, and the board of directors of the company has been authorized to fix their remuneration. In addition, the nonbinding advisory resolution that the shareholders of the company accept the executive compensation described in the management information circular, that motion has also been approved. I direct that the results of the poll for the election of the directors be included in the minutes of the meeting announced in a press release in accordance with the policies of the TSX and filed on SEDAR. That brings us to the conclusion of the formal business items as set out in the notice of the meeting. I move and second that this meeting now be terminated.
Hearing no objection, and there being no further business to come before the meeting and no questions of the board, let me check. There are no questions. I declare that the formal part of this meeting is concluded. And I will now turn the meeting over to management to give us a report on the company's financial performance, its operations and its strategy, and we will do that by beginning with our CFO, Angelo Bartolini. Thank you all.
Sorry, I believe I was on mute. I'll begin again. Thank you, Ray, and good morning, everyone. I'll start off by framing the past year, and where we stand financially. And now I'll turn it over to Mike to take you through our vision for long term growth and the market fundamentals that are driving our strategy.
We'll gladly take questions at the end. Before I begin, I would like to point out we are currently in a quiet period as our Q1 results will not be released until tomorrow, May 6, so our remarks on financial performance will be limited to our historical results to 2020. As I'm sure you can all relate, 2020 was a year like no other. The pandemic disrupted our way of life, how we work, and many industries, including ours. Considering the backdrop of a challenging external environment for our industry, Altus Group delivered robust growth in 2020, made steady growth, steady progress against our strategy, and more importantly, we added significant value to our clients at a time when they needed us most.
I'm very proud of what our team accomplished last year. And with that, I'd like to congratulate all our employees. As you can see on this slide, our financial results were strong: $561,000,000 in revenues, up seven percent $99,000,000 in adjusted EBITDA, up 17% a notable improvement to adjusted earnings per share at 1.67 and 72,000,000 in cash from operations, up 38% from last year. In many respects, 2020 will be remembered as as a key year of transition for Altus Group marked by three critical events, a global pandemic, a business model transition, and our CEO transition. When the COVID nineteen pandemic struck, we met the situation head on, prioritizing the health and safety of our employees, clients, and our communities.
Our emergency response and business continuity measures stood up to the test, and the stability and resiliency of our revenue streams would be proven. Driven by solid financial and operational performance, we entered this period of uncertainty from a position of strength with a diversified and stable business model and with a healthy and bolstered balance sheet. Our transition to remote work arrangements was successful and allowed us to maintain excellent productivity in serving our clients while doing right by our employees. This was underpinned by the high quality of our workforce and past investments in modern, cloud based technology to support our operations globally. As you're aware, our multiyear strategy focus has been on transitioning our Altus Analytics business into a predominantly recurring revenue model.
In 2020, we finally made the switch by discontinuing perpetual sales, evolving, into a SaaS model by leading our sales with cloud subscriptions. Although this change creates a stronger long term economic model, that transition period is often a most challenging as it impacts revenue growth during the transition period and as the comparative year includes higher upfront perpetual amounts. This is often one of the most challenging parts of the revenue model transition, which is now largely behind us. Moreover, we continue to make steady progress driving broader market adoption of ARGUS Cloud, reaching an important milestone in our cloud transition journey when we surpassed over 1,000 customers just before the end of the year. And finally, in September 2020, the board implemented a succession plan to transition the role of CEO from Bob, who retired, to Mike.
As undoubtedly you have observed, Mike has transitioned into the CEO role very successfully, quickly picking up where Bob left off and has driven a lot of progress in just a few short months, including updating our long term strategy by accelerating our move into market adjacencies. As you'll hear from Mike today, we're very excited about the opportunities ahead of us and as we begin this year with strong momentum and an accelerating pace. The strong performance in 2020 underpins Altus Group's solid track record, especially when using our consistent top line growth trend as a key indicator. Our financial profile continues to evolve, reflecting the strategic focus we have been placing on growing our software and data analytics offerings and tech enabling our services. The pandemic and its consequences became a stress test for many companies.
Unfortunately, we were able to execute. Our performance validated that our revenue streams are very resilient and largely economically insulated. At Altus Analytics, over 80% of our revenues are recurring. And even with our CRE consulting practices, they are hardly repeatable. This is supported by our best in class gross retention rates in the mid to high nineties for our software and exceptionally strong client retention across the majority of our offerings, both which reinforce how mission critical our solutions are for our clients.
Additionally, I would highlight the steady progress of our international expansion. Five years ago, more than half of our revenues were coming from Canada. Today, nearly 70% of our revenues are from outside Canada, which provide us improved scale as a growing global company and reduces our dependency on any single market.
Turning to our balance sheet.
Altus Group's financial position has never been stronger. We continue to generate strong cash flows from our operations, which grew 38% year over year in 2020. As you'll hear from Mike shortly, we're well positioned for sustained profitable growth, consistent with our established track record over a long history. Our balance sheet is in great shape, allowing us to pursue our growth strategy with organic investments and acquisitions. And we remained focused on building stakeholder value by prudently allocating our capital and high growth initiatives to maximize stakeholder returns.
In 2020, our total shareholder return was 31%, well outperforming the TSX Composite Index. Before I wrap up, I want to finish by reinforcing our capital allocation priorities. Above all, Altus Group is in growth mode and with a long and global growth runway ahead of us. As our free cash flows grow, our intent is to reinvest in the business. We will continue to focus on maximizing our growth prospects and financial returns while continuing to pay out our dividend, which remains important to many of our stakeholders, and balancing debt repayment.
Our M and A and investment focus continues to center on Altus Analytics and property tax, our highest growth businesses with established growth global models. At Altus Analytics, we will focus on opportunities that help accelerate and support long term strategy, including expanding our software and data capabilities, enhancing our platform adoption, expanding our user workflows and further penetrating key international markets. Net property tax, as a market leader with a highly profitable platform, we have an opportunity to consolidate in certain markets and create synergies with acquisitions by leveraging our platform. Our focus remains on market share expansion and digitally transforming our operations. Thank you for your time this morning.
With that now, I'll turn it over to Mike.
Thank you, Angelo, and thank you, everyone, for joining us remotely today. I wish we had had the opportunity to have met in person, but glad we can do this safely through this virtual format. When I joined Altus Group about seven months ago, my assessment of the company likely matched what many of our shareholders have come to appreciate that we have immense potential. And then Altus Group is uniquely positioned in the market to reach that. Over the past several months, having spent time with the team, operationalizing our strategy, validating the market opportunity with our customers, I've become even more excited today than when I first joined.
So let me spend a minute on that to tell you what I think. To start, we are absolutely mission critical to our clients, core to their day jobs and deeply embedded in the industry. Our solutions and services are strategic to our clients, and we drive quantifiable value propositions for them, and that is nondiscretionary demand. I've come to appreciate that we are needed. And though and through an enhanced focus on customer success, we are focused on also becoming valued by our customers as well.
Second, we have market leading positions in our core offerings with exceptionally strong competitive moats. We're in a very privileged position to sit at the center of the CRE ecosystem. With a global footprint, we're years ahead of our competition. The barriers to entry are especially strong due to our industry standard practices and products, global scale and global customers adoptions. Three, as you've heard today, Altus Group has a long outstanding track record of profitable growth.
The foundational pillars supporting our financial growth are rock solid. Fourth, with a strong base of recurring and repeatable revenues, we are already well established for our desired future state. A lot of the heavy lifting and investment to establish Altus as an information services company has already been done. There's more to do, but we are off to a great start. Fifth, we have deep client loyalty with a world class global customer base comprised of many of the largest and most influential companies in the commercial real estate space.
Through our various offerings, we are important partners in the CRE ecosystem and where our solutions propagate a network effect. And finally, and this is what gets me the most excited about the upside, there is a long and global growth runway ahead of us. Although many of our products and services already have the market leadership and market standard distinction, we still have limited penetration on a very sizable global addressable market, both with our current solution set and in the market adjacencies that will allow us to grow our footprint and add new revenue streams. These market fundamentals are extremely positive, so let me touch on that for a minute. Our long term growth strategy is framed around and buoyed by three key enduring macroeconomic trends that are impacting the CRE industry.
First is the continued institutionalization and globalization of the real estate sector, which continues to challenge the status quo of how this industry has operated. Over the past decade, there has been a steady rise of real estate investment allocation, solidifying it as an important and defined asset class. This has driven higher volumes of cross border transactions and institutional capital flows, adding new complexity and pressures on top of increasing regulatory and risk demands. The rapid institutionalization and globalization of CRE has impacted all operating models, increasing complexity in understanding performance and valuations of CRE assets, portfolios and funds, in staffing models and in the requirement for transparency. This continues to transform and disrupt CRE asset and investment management, requiring jobs, functions and workflows to be modernized to remain competitive and to mitigate risks.
The second trend is the acceleration of digital transformation in the CRE industry. After years of limited investment in technology and recently impelled by the disruption caused by the COVID-nineteen pandemic, the CRE market is increasingly bracing technology and better utilizing data to optimize assets and mitigate risks. Our industry is rapidly reexamining their digital strategies and demanding more sophisticated processes and data to drive returns. Although there has been a significant influx of prop tech startups in recent years, the market remains scattered and fragmented, comprised of a wide range of local and global solutions that are focused primarily on single specialties. Customers are consistently looking for consolidation across software platforms and data collaboration across workflows and seeking products that leverage data to deliver real time business insights.
And the final trend, with the increased complexity and dominance of CRE, industry participants are demanding higher transparency and increasingly relying on specialized expert services, which companies continue to outsource. With CRE ownership and management being a high expense item, including property taxes typically represents the largest cost after debt repayment. Many companies are seeking opportunities to maximize value and recognize the efficiency gains of outsourcing certain tasks outside of their core competence. This trend also reflects historically low investments in the back office functions and the rising competition and talent in the industry. Given these positive market fundamentals, Altus Group is very uniquely positioned to capitalize on those trends.
Our vision is to be the global leader for valuation and management of risk for CRE assets by enhancing decision making across the value chain. We will do this through the use of technology, data, analytics and services. Operationally, the strategic initiatives we are focused on this year will be foundational to our long term success. Our priorities for this year are very clear. First, as our top priority, our strategy and go to market plans are all about accelerating ARGUS cloud adoption.
Nothing is more important to us than that, Moving our tens of thousands of customers and software users to our cloud platform is fundamental. Second, we are expanding into the debt adjacency, accelerated by our recent acquisition of Finance Active, which provides us with a strong growth platform with an established market leading software as a solution service. This strength this strengthens our client offering and opens up a significant addressable market for us. Third, we've launched a new strategy to expand our capabilities and products to add value through data driven business insights and predictive data analytics and alert capabilities that will enable stakeholders to drive improved investment performance and better manage risk. Fourth, we're aligning our property tax businesses under a common global operating technology model to maximize market share and growth in our operating leverage.
And finally, to maximize our internal synergies, this requires us to revamp our go to market plans across the entire organization. Now I'll pivot to growth drivers by our BUs, and I will start with Altus Analytics. At Altus Analytics, we are focusing on greater operational integration between our offerings, ultimately bringing our solutions closer together to help enhance customer success, value based selling and multiproduct enterprise platform deals. Our growth this year will be driven by: first, accelerating ARGUS Cloud adoption, both by transitioning our current clients and selling licenses to new clients. This includes sustaining our strong repurchase rates and continued geographic expansion.
Next, sustain growth of our appraisal management solutions as we expand our engagements with existing clients, add new clients to our platform, and penetrate new client types as we expand geographically third, growing and expanding our data solutions practice, particularly through our new renewed data strategy and then by expanding into the debt adjacency, including integrated Finance Active into our operations. At property tax, we're focused on the following: market share gains as measured by growing our appeal pipeline, both volume and total value, coming from both existing clients and adding more properties to our platform and from new client wins. We look to maximize our success rates and, therefore, our savings for our clients, driven by the expertise of our consultants and the depth of our data sets. We look to leverage our fixed cost base and a contingency pricing model that has been beneficial for our customers and us for years. And finally, with the investments we are making on our technology platforms, we expect to see continued benefits of improving our CRM and business development capabilities, creating greater efficiencies in our workflows and capturing greater appeal savings through our data and analytics.
I believe we can meaningfully enhance the value of this business by making the delivery of our solutions more tech enabled and supported by data and analytics. This is a strong performing, high margin business with strong cash flow generation, very repeatable revenues and a long growth runway. Yet there is still more value we can unlock by modernizing it and making it more predictable with technology. And finally, our valuation and cost advisory businesses continued to deliver steady performance, our solid reflection of market leadership and their strong client relationships. As our current investment focuses on Altus Analytics and Property Tax, our growth agenda for these businesses is centered on maximizing operating leverage, enhancing efficiency and productivity through technology and improving cross selling across the organization.
As I start to wrap up, I wanted to reaffirm our commitment to our environmental, social and governance initiatives. We are living in very turbulent times. The pandemic, the climate crisis, inequalities between people, this reinforces the strategic importance of sustainability as a core value set for Altus Group. Altus Group's market leadership has been built on earning the trust of our stakeholders and conducting our business with high integrity. Sustainability is deeply embedded in our culture and our long term strategy, guiding us in our ongoing efforts to advance responsible and ethical business practices that will drive positive impact for our employees, customers, shareholders, communities and the environment.
I encourage you to review our recently published sustainability report to learn more about the focus and the progress of our ESG program. Thank you for listening. Prior to taking any questions, I'd like to take this opportunity to express my appreciation to my colleagues, our customers, our shareholders and our Board of Directors. You have each strengthened my conviction in Altus Group's potential, and we will work hard to deliver on the high expectations you have rightly bestowed upon us. And now we'd be pleased to take your questions, which you can type out through the instant messaging feature of the Lumi virtual interface.
Camilla, who is moderating today, will summarize your question and also introduce you. So please identify yourself. Camilla?
Hi, Mike. We do not have any questions at this time, so you can carry on.
Okay. That makes it easy on me today. Thank you for being here. So on behalf of the Board and the company, I would like to thank you for your attendance today and for your continued support in our company. We look forward to connecting again tomorrow at our Q1 results conference call and webcast at five p.
M. Eastern Time. We hope that you can join us at that webcast. Stay safe, and talk to you soon. Thank you.