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Greystone Housing Impact Investors Reports Second Quarter 2024 Financial Results

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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.

Greystone Housing Impact Investors LP (NYSE: GHI) ha riportato i suoi risultati finanziari del Q2 2024 il 7 agosto 2024. I punti salienti includono:

- Reddito netto di $0.19 per BUC
- Liquidità disponibile per distribuzione (CAD) di $0.27 per BUC
- Attività totali di $1.53 miliardi
- Investimenti totali in MRB e GIL di $1.22 miliardi

La Partnership ha dichiarato una distribuzione trimestrale di $0.37 per BUC, pagata il 31 luglio 2024. Il CEO Kenneth C. Rogozinski ha sottolineato la performance costante del portafoglio e la volontà di capitalizzare sulle opportunità di mercato. Tra le recenti attività ci sono l'avanzamento dei fondi su vari investimenti e l'incasso dei proventi da una vendita di MRB. La Partnership ha anche emesso ulteriori BUC e Unità Preferenziali di Serie B.

Greystone Housing Impact Investors LP (NYSE: GHI) reportó sus resultados financieros del Q2 2024 el 7 de agosto de 2024. Los aspectos destacados incluyen:

- Ingreso neto de $0.19 por BUC
- Efectivo disponible para distribución (CAD) de $0.27 por BUC
- Activos totales de $1.53 mil millones
- Inversiones totales en MRB y GIL de $1.22 mil millones

La Asociación declaró una distribución trimestral de $0.37 por BUC, pagada el 31 de julio de 2024. El CEO Kenneth C. Rogozinski destacó el rendimiento constante de la cartera y el enfoque en capitalizar las oportunidades del mercado. Las actividades recientes incluyen el avance de fondos en diversas inversiones y la recepción de ingresos de una venta de MRB. La Asociación también emitió BUC adicionales y Unidades Preferentes de Serie B.

Greystone Housing Impact Investors LP (NYSE: GHI)는 2024년 8월 7일 2024년 2분기 재무 결과를 보고했습니다. 주요 내용은 다음과 같습니다:

- 순이익 $0.19 per BUC
- 배당 가능 현금(CAD) $0.27 per BUC
- 총 자산 $1.53억 달러
- 총 MRB 및 GIL 투자액 $1.22억 달러

파트너십은 2024년 7월 31일 지급된 $0.37 per BUC의 분기 배당금을 선언했습니다. CEO인 Kenneth C. Rogozinski는 포트폴리오의 안정적인 성과와 시장 기회를 활용하려는 집착 점을 강조했습니다. 최근 활동에는 다양한 투자에 대한 자금 진척과 MRB 매각으로 인한 수익이 포함됩니다. 파트너십은 추가 BUC와 B 시리즈 우선주도 발행했습니다.

Greystone Housing Impact Investors LP (NYSE: GHI) a rapporté ses résultats financiers du T2 2024 le 7 août 2024. Les points saillants incluent :

- Revenu net de $0.19 par BUC
- Liquidités disponibles pour distribution (CAD) de $0.27 par BUC
- Actifs totaux de $1.53 milliard
- Investissements totaux en MRB et GIL de $1.22 milliard

Le partenariat a déclaré une distribution trimestrielle de $0.37 par BUC, payée le 31 juillet 2024. Le PDG Kenneth C. Rogozinski a souligné la performance constante du portefeuille et l'accent mis sur la capitalisation des opportunités de marché. Parmi les activités récentes figurent l'avancement de fonds sur divers investissements et la réception de produits d'une vente de MRB. Le partenariat a également émis des BUC supplémentaires et des unités privilégiées de série B.

Greystone Housing Impact Investors LP (NYSE: GHI) berichtete am 7. August 2024 über seine Finanzergebnisse für das Q2 2024. Zu den wichtigsten Punkten gehören:

- Nettogewinn von $0.19 pro BUC
- Verfügbares Cash für Ausschüttungen (CAD) von $0.27 pro BUC
- Gesamte Vermögenswerte von $1.53 Milliarden
- Gesamte Investitionen in MRB und GIL von $1.22 Milliarden

Die Partnerschaft erklärte eine vierteljährliche Ausschüttung von $0.37 pro BUC, die am 31. Juli 2024 ausgezahlt wurde. CEO Kenneth C. Rogozinski stellte die konstante Portfolioleistung und den Fokus auf die Nutzung von Marktchancen heraus. Zu den jüngsten Aktivitäten gehören die Bereitstellung von Mitteln für verschiedene Investitionen und der Erhalt von Erlösen aus einem MRB-Verkauf. Die Partnerschaft gab zudem zusätzliche BUCs und Serie B Vorzugsaktien aus.

Positive
  • Net income of $0.19 per BUC for Q2 2024
  • Cash Available for Distribution (CAD) of $0.27 per BUC for Q2 2024
  • Total assets of $1.53 billion
  • Quarterly distribution of $0.37 per BUC declared
  • Advanced funds on MRB and taxable MRB investments totaling $83.5 million
  • Received net payments of $1.7 million from interest rate swap portfolio in Q2 2024
Negative
  • None.

Insights

Greystone Housing Impact Investors LP's Q2 2024 results show steady performance with some positive indicators. The $0.19 EPS and $0.27 CAD per BUC demonstrate stable income generation. The $1.53 billion in total assets and $1.22 billion in MRB and GIL investments highlight a substantial portfolio.

The $0.37 quarterly distribution maintains an attractive yield for investors. However, the slight discrepancy between the $0.37 distribution and $0.27 CAD raises questions about distribution sustainability. The company's focus on new investment opportunities in a volatile market could be a strategic move to enhance future returns, but it also carries inherent risks.

The Partnership's investment activity shows a proactive approach in a challenging market. Advancing $83.5 million in MRB investments and $19.5 million in GIL and property loans demonstrates continued growth. The $11.7 million investment in joint ventures suggests a diversification strategy.

The stabilization of three joint venture properties and the commencement of leasing activities in three others are positive developments. However, with six properties still under construction, there's potential for delays or cost overruns. The absence of material supply chain disruptions is encouraging, but ongoing monitoring is important given the current economic climate.

Greystone's risk management appears prudent. All affordable multifamily MRB and GIL investments being current on payments is a strong positive. The execution of a hedging strategy through interest rate swaps, resulting in $3.3 million in net payments for H1 2024, demonstrates effective interest rate risk management.

However, the issuance of additional BUCs and Series B Preferred Units suggests a need for capital raising, which could dilute existing unitholders. The exchange of Series A for Series B Preferred Units may indicate a restructuring of capital, potentially to improve terms or extend maturities. Investors should closely monitor the impact of these capital actions on future earnings and distributions.

OMAHA, Neb., Aug. 07, 2024 (GLOBE NEWSWIRE) -- On August 7, 2024, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced financial results for the three months ended June 30, 2024.

Financial Highlights

The Partnership reported the following results as of and for the three months ended June 30, 2024:

  • Net income of $0.19 per Beneficial Unit Certificate (“BUC”), basic and diluted
  • Cash Available for Distribution (“CAD”) of $0.27 per BUC
  • Total assets of $1.53 billion
  • Total Mortgage Revenue Bond (“MRB”) and Governmental Issuer Loan (“GIL”) investments of $1.22 billion

The Partnership reported the following results for the six months ended June 30, 2024:

  • Net income of $0.61 per BUC, basic and diluted
  • CAD of $0.50 per BUC

In June 2024, the Partnership announced that the Board of Managers of Greystone AF Manager LLC declared a regular quarterly distribution to the Partnership's BUC holders of $0.37 per BUC. The distribution was paid on July 31, 2024, to BUC holders of record as of the close of trading on June 28, 2024.

Management Remarks

“We saw steady performance from our investment portfolio during the second quarter,” said Kenneth C. Rogozinski, the Partnership’s Chief Executive Officer. “The volatility in the fixed income and multifamily capital markets continues to present both challenges and opportunities. We are staying focused on finding ways to take advantage of the significant investment opportunities that we see in the current market environment. We expect that these opportunities will provide attractive returns for our unitholders.”

Recent Investment and Financing Activity

The Partnership reported the following updates for the second quarter of 2024:

  • Advanced funds on MRB and taxable MRB investments totaling $83.5 million.
  • Advanced funds on GIL and property loan investments totaling $19.5 million.
  • Advanced funds to joint venture equity investments totaling $11.7 million.
  • Received proceeds from the sale of an MRB totaling $8.2 million.

The Partnership reported the following updates for the six months ended June 30, 2024:

  • Issued additional BUCs under the Partnership’s “at-the-market” program for gross proceeds of $1.5 million.
  • Issued Series B Preferred Units with a stated value of $17.5 million in exchange for previously issued Series A Preferred Units.
  • Issued Series B Preferred Units to a new investor for gross proceeds of $5.0 million.

Investment Portfolio Updates

The Partnership announced the following updates regarding its investment portfolio:

  • All affordable multifamily MRB and GIL investments are current on contractual principal and interest payments and the Partnership has received no requests for forbearance of contractual principal and interest payments from borrowers as of June 30, 2024.
  • The Partnership continues to execute its hedging strategy, primarily through interest rate swaps, to reduce the impact of recently volatile market interest rates. The Partnership received net payments under its interest rate swap portfolio of approximately $1.7 million and $3.3 million during the three and six months ended June 30, 2024, respectively.
  • Three joint venture equity investment properties have stabilized operations and three additional properties have begun leasing activities as of June 30, 2024. Six of the Partnership’s joint venture equity investments are currently under construction or in development, with none having experienced material supply chain disruptions for either construction materials or labor to date.

Earnings Webcast & Conference Call

The Partnership will host a conference call for investors on Wednesday, August 7, 2024 at 4:30 p.m. Eastern Time to discuss the Partnership’s Second Quarter 2024 results.

For those interested in participating in the question-and-answer session, participants may dial-in toll free at (877) 407-8813. International participants may dial-in at +1 (201) 689-8521. No pin or code number is needed.

The call is also being webcast live in listen-only mode. The webcast can be accessed via the Partnership's website under “Events & Presentations” or via the following link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=4t3q7wUq

It is recommended that you join 15 minutes before the conference call begins (although you may register, dial-in or access the webcast at any time during the call).

A recorded replay of the webcast will be made available on the Partnership’s Investor Relations website at http://www.ghiinvestors.com.

About Greystone Housing Impact Investors LP

Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022 (the “Partnership Agreement”), taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.

Safe Harbor Statement

Certain statements in this press release are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and the Israel-Hamas war) on business operations, employment, and financial conditions; current financial conditions within the banking industry, including the effects of recent failures of financial institutions, liquidity levels, and responses by the Federal Reserve, Department of the Treasury, and the Federal Deposit Insurance Corporation to address these issues; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which we operate, which may be unfavorably impacted by increases in mortgage interest rates, slowing economic growth, persistent elevated inflation levels, and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; persistent inflationary trends, spurred by multiple factors including expansionary monetary and fiscal policy, higher commodity prices, a tight labor market, and low residential vacancy rates, which may result in further interest rate increases and lead to increased market volatility; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; local, regional, national and international economic and credit market conditions; recapture of previously issued Low Income Housing Tax Credits in accordance with Section 42 of the Internal Revenue Code; geographic concentration of properties related to investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; and the other risks detailed in the Partnership’s SEC filings (including but not limited to, the Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K). Readers are urged to consider these factors carefully in evaluating the forward-looking statements.

If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, the developments and future events concerning the Partnership set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. The Partnership assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.

GREYSTONE HOUSING IMPACT INVESTORS LP
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
 
  For the Three Months
Ended June 30,
  For the Six Months
Ended June 30,
  2024  2023  2024  2023  
Revenues:             
Investment income $19,827,388  $22,415,771  $39,099,733  $41,718,456  
Other interest income  2,070,487   4,646,347   5,074,325   9,056,012  
Property revenues  -   1,108,356   -   2,333,976  
Other income  71,296   133,467   165,767   133,467  
Total revenues  21,969,171   28,303,941   44,339,825   53,241,911  
Expenses:             
Real estate operating (exclusive of items shown below)  -   614,692   -   1,216,945  
Provision for credit losses (Note 10)  19,692   (774,000)  (786,308)  (1,319,000) 
Depreciation and amortization  5,966   405,408   11,933   810,389  
Interest expense  14,898,265   17,602,230   28,702,200   34,290,592  
Net result from derivative transactions (Note 15)  (1,884,934)  (8,613,747)  (8,152,598)  (7,330,611) 
General and administrative  4,821,427   5,109,419   9,751,815   10,182,006  
Total expenses  17,860,416   14,344,002   29,527,042   37,850,321  
Other Income:             
Gain on sale of real estate assets  63,739   -   63,739   -  
Gain on sale of mortgage revenue bond  1,012,581   -   1,012,581   -  
Gain on sale of investments in unconsolidated entities  6,986   7,326,084   56,986   22,693,013  
Earnings (losses) from investments in unconsolidated entities  (14,711)  -   (121,556)  -  
Income before income taxes  5,177,350   21,286,023   15,824,533   38,084,603  
Income tax expense (benefit)  (786)  (1,149)  (1,984)  6,209  
Net income  5,178,136   21,287,172   15,826,517   38,078,394  
Redeemable Preferred Unit distributions and accretion  (741,477)  (799,182)  (1,508,718)  (1,545,832) 
Net income available to Partners $4,436,659  $20,487,990  $14,317,799  $36,532,562  
              
Net income available to Partners allocated to:             
General Partner $44,297  $1,010,088  $142,608  $3,489,146  
Limited Partners - BUCs  4,323,465   19,323,960   14,048,562   32,814,794  
Limited Partners - Restricted units  68,897   153,942   126,629   228,622  
  $4,436,659  $20,487,990  $14,317,799  $36,532,562  
BUC holders' interest in net income per BUC, basic and diluted $0.19  $0.84 **$0.61 *$1.43 **
Weighted average number of BUCs outstanding, basic  23,083,387   22,924,031 ** 23,042,071 * 22,924,056 **
Weighted average number of BUCs outstanding, diluted  23,083,387   22,924,031 ** 23,042,071 * 22,924,056 **

* The amounts indicated in the Condensed Consolidated Statements of Operations have been adjusted to reflect the distribution completed on April 30, 2024 in the form of additional BUCs at a ratio of 0.00417 BUCs for each BUC outstanding as of March 28, 2024 (the “First Quarter 2024 BUCs Distribution”) on a retroactive basis.

** The amounts indicated in the Condensed Consolidated Statements of Operations have been adjusted to reflect the First Quarter 2024 BUCs Distributions, a distribution completed on July 31, 2023 in the form of additional BUCs at a ratio of 0.00448 BUCs for each BUC outstanding as of June 30, 2023, a distribution completed on October 31, 2023 in the form of additional BUCs at a ratio of 0.00418 BUCs for each BUC outstanding as of September 29, 2023, and a distribution completed on January 31, 2024 in the form of additional BUCs at a ratio of 0.00415 BUCs for each BUC outstanding as of December 29, 2023 on a retroactive basis.

The accompanying notes are an integral part of the condensed consolidated financial statements.

Disclosure Regarding Non-GAAP Measures - Cash Available for Distribution

The Partnership believes that Cash Available for Distribution (“CAD”) provides relevant information about the Partnership’s operations and is necessary, along with net income, for understanding its operating results. To calculate CAD, the Partnership begins with net income as computed in accordance with GAAP and adjusts for non-cash expenses or income consisting of depreciation expense, amortization expense related to deferred financing costs, amortization of premiums and discounts, fair value adjustments to derivative instruments, provisions for credit and loan losses, impairments on MRBs, GILs, real estate assets and property loans, deferred income tax expense (benefit) and restricted unit compensation expense. The Partnership also adjusts net income for the Partnership’s share of (earnings) losses of investments in unconsolidated entities as such amounts are primarily depreciation expenses and development costs that are expected to be recovered upon an exit event. The Partnership also deducts Tier 2 income (see Note 22 to the Partnership’s condensed consolidated financial statements) distributable to the General Partner as defined in the Partnership Agreement and distributions and accretion for the Preferred Units. Net income is the GAAP measure most comparable to CAD. There is no generally accepted methodology for computing CAD, and the Partnership’s computation of CAD may not be comparable to CAD reported by other companies. Although the Partnership considers CAD to be a useful measure of the Partnership’s operating performance, CAD is a non-GAAP measure that should not be considered as an alternative to net income calculated in accordance with GAAP, or any other measures of financial performance presented in accordance with GAAP.

The following table shows the calculation of CAD (and a reconciliation of the Partnership’s net income, as determined in accordance with GAAP, to CAD) for the three and six months ended June 30, 2024 and 2023 (all per BUC amounts are presented giving effect to the BUCs Distributions on a retroactive basis for all periods presented):

  For the Three Months
Ended June 30,
  For the Six Months
Ended June 30,
 
  2024  2023  2024  2023 
Net income $5,178,136  $21,287,172  $15,826,517  $38,078,394 
Unrealized (gains) losses on derivatives, net  (210,583)  (6,020,265)  (4,814,798)  (2,584,298)
Depreciation and amortization expense  5,966   405,408   11,933   810,389 
Provision for credit losses (1)  189,000   (774,000)  (617,000)  (1,319,000)
Amortization of deferred financing costs  459,933   392,983   827,351   1,398,750 
Restricted unit compensation expense  558,561   587,177   890,882   937,136 
Deferred income taxes  (776)  (1,073)  2,222   (2,055)
Redeemable Preferred Unit distributions and accretion  (741,477)  (799,182)  (1,508,718)  (1,545,832)
Tier 2 Income allocable to the General Partner (2)  -   (878,407)  -   (3,293,628)
Recovery of prior credit loss (3)  (17,345)  (17,345)  (34,500)  (34,312)
Bond premium, discount and acquisition fee amortization, net
   of cash received
  878,868   (47,046)  838,393   (94,227)
(Earnings) losses from investments in unconsolidated entities  14,711   -   121,556   - 
Total CAD $6,314,994  $14,135,422  $11,543,838  $32,351,317 
             
Weighted average number of BUCs outstanding, basic  23,083,387   22,924,031   23,042,071   22,924,056 
Net income per BUC, basic $0.19  $0.84  $0.61  $1.43 
Total CAD per BUC, basic $0.27  $0.62  $0.50  $1.41 
Cash Distributions declared, per BUC $0.37  $0.364  $0.738  $0.728 
BUCs Distributions declared, per BUC (4) $-  $0.07  $0.07  $0.07 

(1) The adjustments reflect the change in allowances for credit losses under the CECL standard which requires the Partnership to update estimates of expected credit losses for its investment portfolio at each reporting date. In connection with the final settlement of the bankruptcy estate of the Provision Center 2014-1 MRB in July 2024, the Partnership recovered approximately $169,000 of its previously recognized allowance credit loss which is not included as an adjustment to net income in the calculation of CAD.

(2) As described in Note 22 to the Partnership’s condensed consolidated financial statements, Net Interest Income representing contingent interest and Net Residual Proceeds representing contingent interest (Tier 2 income) will be distributed 75% to the limited partners and BUC holders, as a class, and 25% to the General Partner. This adjustment represents 25% of Tier 2 income due to the General Partner.

For the three and six months ended June 30, 2023, Tier 2 income allocable to the General Partner consisted of approximately $3.8 million related to the gains on sale of Vantage at Stone Creek and Vantage at Coventry in January 2023 and approximately $878,000 related to the gain on sale of Vantage at Conroe in June 2023, offset by a $1.4 million Tier 2 loss allocable to the General Partner related to the Provision Center 2014-1 MRB realized in January 2023 upon receipt of the majority of expected bankruptcy liquidation proceeds.

(3) The Partnership determined there was a recovery of previously recognized impairment recorded for the Live 929 Apartments Series 2022A MRB prior to the adoption of the CECL standard effective January 1, 2023. The Partnership is accreting the recovery of prior credit loss for this MRB into investment income over the term of the MRB consistent with applicable guidance. The accretion of recovery of value is presented as a reduction to current CAD as the original provision for credit loss was an addback for CAD calculation purposes in the period recognized.

(4) The Partnership declared the First Quarter 2024 BUCs Distribution payable in the form of additional BUCs equal to $0.07 per BUC for outstanding BUCs as of the record date of March 28, 2024.

MEDIA CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com

INVESTOR CONTACT:
Andy Grier
Investors Relations
402-952-1235


FAQ

What was Greystone Housing Impact Investors' (GHI) net income per BUC for Q2 2024?

Greystone Housing Impact Investors (NYSE: GHI) reported a net income of $0.19 per Beneficial Unit Certificate (BUC) for the second quarter of 2024.

How much was GHI's Cash Available for Distribution (CAD) per BUC in Q2 2024?

Greystone Housing Impact Investors (GHI) reported a Cash Available for Distribution (CAD) of $0.27 per BUC for the second quarter of 2024.

What was the total asset value of Greystone Housing Impact Investors (GHI) as of June 30, 2024?

As of June 30, 2024, Greystone Housing Impact Investors (NYSE: GHI) reported total assets of $1.53 billion.

How much was the quarterly distribution declared by GHI for Q2 2024?

Greystone Housing Impact Investors (GHI) declared a regular quarterly distribution of $0.37 per BUC, which was paid on July 31, 2024, to BUC holders of record as of June 28, 2024.

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