Greystone Housing Impact Investors LP (GHI) Q3 2025 Earnings Call Transcript
Net Income $2 million or $0.03 per unit basic and diluted, with no year-over-year comparison provided.
Cash Available for Distribution (CAD) $4.6 million or $0.20 per unit, with no year-over-year comparison provided.
Book Value Per Unit $12.36 as of September 30, an increase of $0.53 from June 30, primarily due to an increase in the unrealized gain on the mortgage revenue bond portfolio.
Unrestricted Cash and Cash Equivalents $36.2 million as of September 30, with no year-over-year comparison provided.
Availability on Secured Lines of Credit Approximately $88.6 million as of September 30, with no year-over-year comparison provided.
Debt Investments Portfolio $1.26 billion as of September 30, representing 85% of total assets, with no year-over-year comparison provided.
Mortgage Revenue Bonds 82 bonds owned as of September 30, providing permanent financing for properties across 12 states, with no year-over-year comparison provided.
Governmental Issuer Loans 4 loans owned as of September 30, financing construction or rehabilitation of properties in 2 states, with no year-over-year comparison provided.
Funding Commitments for Debt Investments $20.3 million as of September 30, expected to be funded over 12 months, with no year-over-year comparison provided.
Provision for Credit Losses $596,000 for the third quarter, primarily related to a support loan to an MRB borrower.
Market Rate Joint Venture Equity Investments Portfolio 10 properties as of September 30, with a carrying value of approximately $154 million, exclusive of one consolidated investment.
Remaining Funding Commitments for JV Equity Investments $19.5 million as of September 30, related to sites for future development.
Debt Financing Facilities Outstanding principal balances totaling $1.02 billion as of September 30, down approximately $9 million from June 30.
Series B Preferred Units $5 million issued in October 2025 to a new investor, intended for acquiring additional investments and funding commitments.
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Greystone Housing Impact announces a dividend of $0.25
Dividend Announcement: Greystone Housing Impact (GHI) has declared a quarterly dividend of $0.25 per BUC, payable on January 30 for shareholders of record as of December 31, with an ex-dividend date also on December 31.
Earnings Call and Future Outlook: The Q3 2025 earnings call transcript indicates ongoing concerns about potential losses exceeding dividends, prompting some analysts to recommend selling Greystone Housing shares.
Greystone Housing Impact Investors Declares $0.25 Cash Distribution per BUC
- Cash Distribution Announcement: Greystone Housing Impact Investors LP has declared a cash distribution of $0.25 per Beneficial Unit Certificate (BUC), to be paid on January 30, 2026, demonstrating the company's commitment to its unitholders.
- Investment Strategy Shift: As the company transitions back to focusing on tax-exempt mortgage revenue bond investments, it plans to reinvest capital from winding down its market rate multifamily joint venture equity investment portfolio into high-quality tax-exempt mortgage revenue bonds.
- Enhanced Financial Stability: The decision regarding distributions is based on a disciplined evaluation of the Partnership's current and anticipated operating results, aiming to maintain and further improve a strong balance sheet.
- Long-term Value Creation: By continuously reinvesting capital, Greystone aims to build long-term value for its unitholders over the coming years, reflecting the company's confidence in future growth opportunities.
Greystone Housing Impact Investors LP Plans Earnings Conference Call for Q3 2025 on November 6, 2025, at 4:30 PM ET
Conference Call Announcement: Greystone Housing Impact Investors LP will host a conference call on November 6, 2025, at 4:30 p.m. ET to discuss its Third Quarter 2025 results, with dial-in options for participants.
Webcast Availability: The call will be available via a live webcast, accessible through the Partnership's website, and a recorded replay will be provided afterward on their Investor Relations site.
Partnership Overview: Established in 1998, Greystone Housing Impact Investors LP focuses on acquiring and managing mortgage revenue bonds for financing affordable housing, with a strategy to leverage investments for growth.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, urging readers to consider these factors when evaluating the information provided.
Greystone Housing Impact announces a dividend of $0.30
Dividend Declaration: Greystone Housing Impact (GHI) has declared a quarterly dividend of $0.30 per BUC, consistent with previous dividends, payable on October 31 to shareholders of record as of September 30.
Financial Outlook: The company has committed $26.3 million in funding and remains resilient despite challenges in the municipal bond market, indicating a strong position for future earnings.
JMP Securities Maintains Market Outperform on Greystone Housing Impact, Lowers Price Target to $14
Fastest News Alerts: Benzinga Pro offers real-time intelligence and news alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community Access: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
Greystone outlines $26.3M funding commitments and signals resilience amid muni bond market underperformance
Management Overview: Greystone Housing Impact Investors LP reported no forbearance requests and strong leasing activity, despite a GAAP net loss of $7.1 million in Q2 2025, primarily due to credit loss provisions and unrealized losses on interest rate derivatives.
Financial Outlook: The company has $26.3 million in future funding commitments aimed at expanding its income-producing asset base, while also addressing challenges in the municipal bond market and focusing on risk management strategies.
Greystone Housing Impact announces a dividend of $0.25
Dividend Announcement: Greystone Housing Impact (GHI) has declared a quarterly dividend of $0.25 per BUC, payable on January 30 for shareholders of record as of December 31, with an ex-dividend date also on December 31.
Earnings Call and Future Outlook: The Q3 2025 earnings call transcript indicates ongoing concerns about potential losses exceeding dividends, prompting some analysts to recommend selling Greystone Housing shares.
Greystone Housing Impact Investors Declares $0.25 Cash Distribution per BUC
- Cash Distribution Announcement: Greystone Housing Impact Investors LP has declared a cash distribution of $0.25 per Beneficial Unit Certificate (BUC), to be paid on January 30, 2026, demonstrating the company's commitment to its unitholders.
- Investment Strategy Shift: As the company transitions back to focusing on tax-exempt mortgage revenue bond investments, it plans to reinvest capital from winding down its market rate multifamily joint venture equity investment portfolio into high-quality tax-exempt mortgage revenue bonds.
- Enhanced Financial Stability: The decision regarding distributions is based on a disciplined evaluation of the Partnership's current and anticipated operating results, aiming to maintain and further improve a strong balance sheet.
- Long-term Value Creation: By continuously reinvesting capital, Greystone aims to build long-term value for its unitholders over the coming years, reflecting the company's confidence in future growth opportunities.
Greystone Housing Impact Investors LP Plans Earnings Conference Call for Q3 2025 on November 6, 2025, at 4:30 PM ET
Conference Call Announcement: Greystone Housing Impact Investors LP will host a conference call on November 6, 2025, at 4:30 p.m. ET to discuss its Third Quarter 2025 results, with dial-in options for participants.
Webcast Availability: The call will be available via a live webcast, accessible through the Partnership's website, and a recorded replay will be provided afterward on their Investor Relations site.
Partnership Overview: Established in 1998, Greystone Housing Impact Investors LP focuses on acquiring and managing mortgage revenue bonds for financing affordable housing, with a strategy to leverage investments for growth.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, urging readers to consider these factors when evaluating the information provided.
Greystone Housing Impact announces a dividend of $0.30
Dividend Declaration: Greystone Housing Impact (GHI) has declared a quarterly dividend of $0.30 per BUC, consistent with previous dividends, payable on October 31 to shareholders of record as of September 30.
Financial Outlook: The company has committed $26.3 million in funding and remains resilient despite challenges in the municipal bond market, indicating a strong position for future earnings.
JMP Securities Maintains Market Outperform on Greystone Housing Impact, Lowers Price Target to $14
Fastest News Alerts: Benzinga Pro offers real-time intelligence and news alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community Access: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
Greystone outlines $26.3M funding commitments and signals resilience amid muni bond market underperformance
Management Overview: Greystone Housing Impact Investors LP reported no forbearance requests and strong leasing activity, despite a GAAP net loss of $7.1 million in Q2 2025, primarily due to credit loss provisions and unrealized losses on interest rate derivatives.
Financial Outlook: The company has $26.3 million in future funding commitments aimed at expanding its income-producing asset base, while also addressing challenges in the municipal bond market and focusing on risk management strategies.
