Greystone outlines $26.3M funding commitments and signals resilience amid muni bond market underperformance

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Aug 08 2025

0mins

GHI+0.53%

Should l Buy GHI?

Source: SeekingAlpha

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.

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Analyst Views on GHI

Wall Street analysts forecast GHI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GHI is 12.00 USD with a low forecast of 12.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Analyst Rating

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 7.600

Low

12.00

Averages

12.00

High

12.00

Current: 7.600

Low

12.00

Averages

12.00

High

12.00

Citizens JMP

Chris Muller

Outperform

downgrade

$14 -> $12

2025-11-07

Reason

Citizens JMP

Chris Muller

Price Target

$14 -> $12

AI Analysis

2025-11-07

downgrade

Outperform

Reason

Citizens JMP analyst Chris Muller lowered the firm's price target on Greystone Housing Impact to $12 from $14 and keeps an Outperform rating on the shares. Greystone Housing Impact Investors is shifting its focus away from joint venture equity investments due to lower returns on those investments and will redeploy that capital into mortgage revenue bonds, the analyst tells investors in a research note.

Citizens JMP

Outperform

NULL

downgrade

$16 -> $14

2025-08-08

Reason

Citizens JMP

Price Target

$16 -> $14

2025-08-08

downgrade

Outperform

NULL

Reason

Citizens JMP lowered the firm's price target on Greystone Housing Impact to $14 from $16 and keeps an Outperform rating on the shares. Greystone Housing continues a steady pace of capital deployment and is expanding its construction lending joint venture with the addition of a new investor, the analyst tells investors in a research note.

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About GHI

Greystone Housing Impact Investors LP is engaged in acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds (MRBs). The Company’s Affordable Multifamily Investments segment consists of its portfolio of MRBs, governmental issuer loans (GILs) and related taxable MRBs, taxable GILs, and property loans that have been issued to provide construction and/or permanent financing for multifamily residential and commercial properties in their market areas. The Seniors and Skilled Nursing Investments segment provides acquisition, construction and permanent financing for seniors housing and skilled nursing properties and a property loan associated with a master lease of essential healthcare support buildings. The MF Properties segment consists primarily of student housing residential properties. The Market-Rate Joint Venture Investments segment consists of its noncontrolling joint venture equity investments in market-rate multifamily properties.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Greystone Housing Impact announces a dividend of $0.25

Dec 17 2025SeekingAlpha

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

Dec 16 2025Globenewswire

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

Oct 22 2025Newsfilter

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

Sep 17 2025SeekingAlpha

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

Aug 08 2025Benzinga

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