Greystone Housing Impact Investors Lp ( (GHI) ) has released its Q1 earnings. Here is a breakdown of the information Greystone Housing Impact Investors Lp presented to its investors.
Greystone Housing Impact Investors LP is a company focused on acquiring and managing a portfolio of mortgage revenue bonds, primarily for affordable multifamily, seniors, and student housing properties. The company operates in the real estate investment sector and leverages attractive financing structures to grow its investment portfolio.
In its first quarter of 2025 financial results, Greystone Housing Impact Investors reported a net income of $0.11 per Beneficial Unit Certificate (BUC) and cash available for distribution of $0.31 per BUC. The company also highlighted its total assets of $1.54 billion and investments in mortgage revenue bonds and governmental issuer loans amounting to $1.18 billion.
Key financial metrics from the report include the impact of unrealized losses on interest rate derivatives, which amounted to approximately $3.9 million, affecting net income but not cash earnings. The company declared a quarterly distribution of $0.37 per BUC and highlighted successful capital raising through the issuance of $20 million in Series B Preferred Units. Additionally, the company advanced funds in various investment categories and completed significant property sales, contributing to its financial performance.
Looking forward, Greystone Housing Impact Investors remains focused on evaluating investment opportunities amid market volatility. The management is optimistic about deploying low-cost, non-dilutive capital into accretive investments and leveraging its joint venture with BlackRock to support affordable housing developers. The company continues to execute its hedging strategy to mitigate interest rate risks and maintains a stable investment portfolio with no significant disruptions reported.
Overall, Greystone Housing Impact Investors LP is poised to navigate the current economic landscape by strategically managing its investments and capital resources, aiming for sustained growth and stability in the real estate investment sector.