Welcome to our dedicated page for Greystone Housing Impact Investors news (Ticker: GHI), a resource for investors and traders seeking the latest updates and insights on Greystone Housing Impact Investors stock.
Greystone Housing Impact Investors LP (NYSE: GHI) specializes in acquiring a portfolio of mortgage revenue bonds (MRBs). These bonds are issued by state and local housing authorities to finance construction and permanent projects for affordable multifamily housing, seniors housing, and commercial properties. With four main segments—Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments—the company focuses on generating revenue primarily from the Affordable Multifamily MRB Investments segment.
Established in 1998 and headquartered in Omaha, Nebraska, Greystone Housing Impact Investors LP has grown to own 76 MRBs as of December 31, 2019. These bonds support 66 residential properties totaling 10,871 rental units across 13 states in the U.S. The general partner of the company is America First Capital Associates Limited Partnership Two.
The company recently announced its financial results for the three and nine months ended September 30, 2023, emphasizing its commitment to transparency and investor relations. Greystone Housing Impact Investors LP is proactive in engaging with its investors through webcasts and conference calls, providing timely updates on financial performance and strategies.
Recent developments include the increase in line-of-credit commitments from new lenders, showcasing the company's financial health and ability to secure additional credit. Investors are encouraged to participate in upcoming conference calls and webcasts to stay informed about the latest financial results and strategic plans.
For further information, you can visit the company's Investor Relations website. Greystone Housing Impact Investors LP remains a significant player in the affordable housing finance sector, continually striving to meet the evolving needs of communities and investors alike.
Greystone Housing Impact Investors (NYSE: GHI) reported its Q4 and full-year 2024 financial results. For Q4 2024, the company achieved net income of $0.39 per BUC and Cash Available for Distribution (CAD) of $0.18 per BUC, with total assets reaching $1.58 billion. The full-year 2024 results showed net income of $0.76 per BUC and CAD of $0.95 per BUC.
The company declared a quarterly distribution of $0.37 per BUC, paid on January 31, 2025. During Q4, GHI advanced $36.8 million in MRB investments, $32.0 million in GIL investments, and $11.2 million to joint venture equity investments. The company also completed a securitization transaction of $75.4 million and received $11.5 million from an MRB sale.
Management acknowledged 2024's challenges in multifamily markets due to higher interest rates and operating expenses but expressed optimism about 2025 opportunities, particularly highlighting their new BlackRock construction lending joint venture.
Greystone Housing Impact Investors LP (NYSE: GHI) has scheduled its Fourth Quarter 2024 earnings conference call for Thursday, February 20, 2025, at 4:30 p.m. Eastern Time. Investors can participate in the Q&A session by dialing toll-free (877) 407-8813 for domestic calls or +1 (201) 689-8521 for international calls. The call will also be webcast live in listen-only mode through the Partnership's website under 'Events & Presentations'. Participants are advised to join 15 minutes before the call begins. A replay of the webcast will be available on the Partnership's Investor Relations website.
Greystone Housing Impact Investors LP (NYSE: GHI) has announced the sale of Vantage at Tomball, a 288-unit market rate multifamily property in Tomball, TX, on January 31, 2025. The Partnership's initial equity investment of $11.4 million, originated in August 2020, was fully redeemed, with the company receiving net cash of approximately $14.2 million at closing.
The return on investment was lower than historical performances due to rising insurance costs in the Houston metropolitan area and the higher interest rate environment since their last joint venture equity sale of Vantage at Conroe in June 2023. The Partnership expects no gain, loss, or Cash Available for Distribution from this sale but plans to reinvest the proceeds into new accretive investments across their investment classes.
Greystone Housing Impact Investors LP (NYSE: GHI) has announced a regular quarterly cash distribution of $0.37 per Beneficial Unit Certificate (BUC). The distribution will be paid on January 31, 2025, to BUC holders of record as of December 31, 2024. The BUCs will trade ex-distribution starting December 31, 2024. The distribution decision was made by Greystone AF Manager , based on a disciplined evaluation of the Partnership's operating results, financial condition, and other relevant factors, aligned with the long-term interests of BUC holders.
Greystone Housing Impact Investors LP reported its Q3 2024 financial results with a net loss of $0.23 per BUC and Cash Available for Distribution (CAD) of $0.27 per BUC. Total assets reached $1.55 billion, with MRB and GIL investments totaling $1.24 billion. The company experienced unrealized losses of $9.7 million due to declining market interest rates. For the nine months ended September 30, 2024, net income was $0.38 per BUC with CAD of $0.77 per BUC. The Partnership declared a quarterly distribution of $0.37 per BUC, paid on October 31, 2024.
Greystone Housing Impact Investors LP (NYSE: GHI) has announced a conference call scheduled for Wednesday, November 6, 2024, at 4:30 p.m. Eastern Time to discuss their Third Quarter 2024 results. Investors can participate through toll-free dial-in at (877) 407-8813, while international participants can use +1 (201) 689-8521. The call will also be webcast live in listen-only mode through the company's website. Participants are advised to join 15 minutes before the call begins. A recorded replay will be available on the Partnership's Investor Relations website.
Greystone Housing Impact Investors LP (NYSE: GHI) has announced that Vantage at Hutto, a 288-unit market rate multifamily property in Hutto, TX, has been publicly listed for sale by Institutional Property Advisors Texas. The Partnership's non-controlling investment in the Property, originated in November 2020, totals $11.8 million in equity contributions. Construction was completed in December 2023, and the Property reported 89% physical occupancy as of August 31, 2024.
If the listing process follows past Vantage property sales patterns and a sale contract is executed, the Partnership anticipates the sale to occur in Q1 2025. However, current market volatility may impact the timing and final sale price. The managing member controls the listing and sales process, and the Partnership will be entitled to certain net proceeds upon successful completion of the sale, as per the Operating Agreement.
Greystone Housing Impact Investors LP (NYSE: GHI) has announced a regular quarterly cash distribution of $0.37 per Beneficial Unit Certificate (BUC). The distribution will be paid on October 31, 2024, to BUC holders of record as of the close of trading on September 30, 2024. The BUCs will trade ex-distribution on September 30, 2024.
The distribution decision was made by the Board of Managers of Greystone AF Manager , the general partner of America First Capital Associates Partnership Two, which is GHI's general partner. The company emphasizes that distribution decisions are based on a disciplined evaluation of current and anticipated operating results, financial condition, and other relevant factors, always considering the long-term interests of BUC holders and the Partnership.
Greystone Housing Impact Investors LP (NYSE: GHI) has announced the release of Schedule K-3 information for the 2023 tax year. This schedule contains items of international tax relevance for unitholders. Investors can access their Schedules K-3 online at www.taxpackagesupport.com/greystone. The information is particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate and partnership unitholders.
Unitholders are encouraged to review the information on Schedule K-3 if it applies to their federal income tax return filing needs. For those requiring an electronic copy of their Schedule K-3 via email, a toll-free support line is available at (833) 608-3512.
Greystone Housing Impact Investors LP (NYSE: GHI) reported its Q2 2024 financial results on August 7, 2024. Key highlights include:
- Net income of $0.19 per BUC
- Cash Available for Distribution (CAD) of $0.27 per BUC
- Total assets of $1.53 billion
- Total MRB and GIL investments of $1.22 billion
The Partnership declared a quarterly distribution of $0.37 per BUC, paid on July 31, 2024. CEO Kenneth C. Rogozinski noted steady portfolio performance and focus on capitalizing on market opportunities. Recent activities include advancing funds on various investments and receiving proceeds from an MRB sale. The Partnership also issued additional BUCs and Series B Preferred Units.
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