Greystone Housing Impact Inves

Greystone Housing Impact Investors LP engages in the acquisition of a portfolio of mortgage revenue bonds that are issued by state and local housing authorities to provide construction and permanent financing for affordable multifamily and student housing and commercial properties. It operates through the following segments: Mortgage Revenue Bond Investments, Multifamily (MF) Properties, Public Housing Capital (PHC) Fund Trusts, and Other Investments. The Mortgage Revenue Bond Investments segment consists of the partnership's portfolio of mortgage revenue bonds which have been issued to provide construction and permanent financing for the residential properties and a commercial property. The MF Properties segment consists of indirect equity interests in multifamily, student housing, and senior citizen residential properties which are not currently financed by mortgage revenue bonds held by partnership but which the partnership eventually intends to finance by such bonds through a restructuring. The Public Housing Capital Fund Trusts segment consists of the assets, liabilities and related income and expenses of the PHC Trusts. The Other Investments segment consists of the operations of ATAX Vantage Holdings, LLC, which holds non-controlling equity investments in certain multifamily projects and has issued property notes receivable due from other multifamily projects. The company was founded on April 2, 1998 and is headquartered in Omaha, NE.

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Greystone Housing Impact Investors LP reports strong Q4 performance

Greystone Housing Impact Investors LP (GHI) delivered robust financial results in Q4 2022, showcasing growth in net income, distribution per unit, and investment portfolio value.
The company's strengths lie in its solid track record, market adaptability, and proactive risk management strategies, positioning it for continued success and market leadership.
While facing challenges such as cost pressures and market volatility, GHI can leverage opportunities in new investments, market demand, and strategic partnerships for sustained growth.
By navigating challenges, capitalizing on opportunities, and leveraging strengths, GHI is poised for continued financial stability, growth, and strategic advancement in the affordable housing sector.

Greystone Housing Impact Inves (GHI) reports solid Q1 performance

Greystone Housing Impact Inves (GHI) delivered a solid performance in Q1 2023, with strong occupancy rates and a diverse investment portfolio.
While facing challenges such as high developer interest costs and interest rate risks, GHI is well-positioned to capitalize on opportunities in the market.
Management's cautious approach and focus on annual assessments aim to navigate uncertainties and drive future growth for GHI.

Greystone Housing Impact Investors LP reports strong Q2 performance

Greystone Housing Impact Investors LP (GHI) delivered solid financial performance in Q2 2023, driven by its diverse investment portfolio and strategic decision-making. Despite market challenges, GHI remains focused on maximizing returns for its unitholders while navigating evolving market conditions.

Greystone Housing Impact Inves reports resilient Q3 earnings amidst challenges

GHI's Q3 performance showed steady net income and cash available for distribution. Despite market challenges, the company maintained strong distributions and a diverse investment portfolio. Opportunities for growth are evident through ongoing projects and stable occupancy rates.

Greystone Housing Impact Investors posts robust earnings, eyes growth opportunities

Greystone Housing Impact Investors (GHI) demonstrated strong financial performance in Q4 2023 and for the full year, supported by diversified revenue streams and stable occupancy rates.
While facing challenges such as noncash losses and market uncertainties, GHI's prudent financial management and strategic investments position it well for future growth.
Opportunities lie in portfolio expansion, capital reallocation, and leveraging successful joint ventures to drive increased returns and shareholder value for GHI.
Overall, GHI's performance reflects resilience in a dynamic market environment, with a focus on sustainable growth and maximizing investor returns.

Greystone Housing Impact Investors LP reports solid Q1 performance

Greystone Housing Impact Investors LP demonstrated strong financial performance and maintained a diversified investment portfolio in Q1 2024.
While facing challenges from market conditions impacting developers, GHI has opportunities to optimize its investment strategies and capitalize on new partnerships.
Overall, GHI's solid financial position, strategic approach, and ongoing investment activities position the company for continued growth and resilience in the market.

Greystone Housing Impact Inves reports resilient performance amidst market challenges

GHI navigated challenges in Q3 2024 with resilience, maintaining strong cash distributions and a robust investment portfolio.
While facing interest rate risks and market uncertainties, the company's strategic focus on capital deployment and risk management positions it for future growth.
Investors should monitor GHI's proactive approach to market conditions and capital deployment strategies for potential opportunities in the affordable housing sector.

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Greystone Housing Impact Investors LP engages in the acquisition of a portfolio of mortgage revenue bonds that are issued by state and local housing authorities to provide construction and permanent financing for affordable multifamily and student housing and commercial properties. It operates through the following segments: Affordable Multifamily MRB Investment, Seniors and Skilled Nursing MRB Investments, MF Properties and Market-Rate Joint Venture Investments. The Affordable Multifamily MRB Investment segment consists of the Partnership’s portfolio of MRBs, GILs and related 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 MRB Investments segment consists of two MRBs and a property loan that have been issued to provide acquisition, construction and/or permanent financing for seniors housing and skilled nursing properties. The MF Properties segment consists primarily of student housing residential properties that were held by the Partnership. The Market-Rate Joint Venture Investments segment consists of the operations of ATAX Vantage Holdings, LLC, ATAX Freestone Holdings, LLC, ATAX Senior Housing Holdings I, LLC, and ATAX Great Hill Holdings LLC, which make noncontrolling investments in unconsolidated entities for the construction, stabilization, and ultimate sale of market-rate multifamily and seniors housing properties also includes the consolidated VIE of Vantage at San Marcos. The company was founded on April 2, 1998 and is headquartered in Omaha, NE.

Greystone Housing Impact Investors offers a high dividend yield of nearly 10% but sustainability is questionable. GHI operates as a holder and seller of mortgage revenue bonds, relying heavily on this revenue source. The company's management outlook shows signs of stabilization, but there are concerns about the sustainability of current distribution levels.

Greystone Housing Impact Investors: High Payout Ratio Isn't Looking Very Sustainable

Greystone Housing reported revenue of $28.30 million, up 64.24% compared to $17.23 million in Q2FY22. GHI can maintain its quarterly dividend of $0.37 in the next two quarters as well which can make the annual dividend $1.48, representing a forward dividend yield. After comparing the forward P/E ratio of 5.74x with the sector median of 9.24x, we can say that the company is undervalued.

Greystone Housing: Solid Q2 Results Reaffirm Strong Dividend Yield

Greystone Housing Impact Investors LP (NYSE:GHI ) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Ken Rogozinski - CEO Jesse Coury - CFO Conference Call Participants Matthew Erdner - JonesTrading Chris Muller - JMP Securities Patrick Marsh - Alex Brown & Sons Ronald Lane - ValueForum Operator Good day, ladies and gentlemen, and welcome to the Q2 2023 Earnings Call for Greystone Housing Impact Investors. [Operator Instructions] At this time, it is my pleasure to turn the floor over to your host, Jesse Coury.

Greystone Housing Impact Investors LP (GHI) Q2 2023 Earnings Call Transcript

Greystone Housing Impact Investors (GHI) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.74 per share a year ago.

Greystone Housing Impact Investors (GHI) Q2 Earnings and Revenues Top Estimates

OMAHA, Neb., Aug. 03, 2023 (GLOBE NEWSWIRE) -- On August 3, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced financial results for the three and six months ended June 30, 2023.

Greystone Housing Impact Investors Reports Second Quarter 2023 Financial Results

OMAHA, Neb., July 27, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) today announced that Robert K. Jacobsen has been appointed to the Board of Managers of Greystone AF Manager LLC, the general partner of the general partner of the Partnership (“Greystone Manager”), effective August 1, 2023. In this regard, Mr. Jacobsen will act in the capacity as a director of the Partnership. The Greystone Manager Board has affirmatively determined that Mr. Jacobsen meets the independence standards established by the New York Stock Exchange listing rules and the rules of the SEC. With Mr. Jacobsen's addition to the Board of Managers of Greystone Manager, a majority of the members of the Board now meet the independence standards.

Robert K. Jacobsen to Join Greystone AF Manager LLC Board of Managers

OMAHA, Neb., July 19, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that it will host a conference call for investors on Thursday, August 3, 2023 at 4:30 p.m. Eastern Time to discuss the Partnership's Second Quarter 2023 results.

Greystone Housing Impact Investors LP Schedules Second Quarter 2023 Earnings Conference Call for Thursday, August 3, 2023 at 4:30 p.m. Eastern Time

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OMAHA, Neb., June 28, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on June 22, 2023, Vantage at Conroe, a 288-unit market rate multifamily property located in Conroe, TX, was sold at the direction of its managing member. The Partnership's investment in Vantage at Conroe was originated in April 2019 and the Partnership contributed equity totaling $9.0 million during construction. As a result of the sale, the Partnership's equity investment in the property was redeemed. At closing of the sale, the Partnership received net cash of approximately $19.8 million, inclusive of the return of its contributed equity. The Partnership estimates it will recognize the following in the second quarter of 2023:

Greystone Housing Impact Investors LP Announces Sale of Vantage at Conroe

OMAHA, Neb., June 05, 2023 (GLOBE NEWSWIRE) --  Greystone Housing Impact Investors LP (NYSE: GHI) (“the Partnership”) announced today that on June 2, 2023 the Partnership executed a Subscription Agreement to issue 1,000,000 Series A-1 Preferred Units representing limited partnership interests in the Partnership (the “Series A-1 Preferred Units”) to a financial institution, resulting in $10,000,000 in new aggregate proceeds to the Partnership. The stated value of the newly issued Series A-1 Preferred Units is $10,000,000. The Series A-1 Preferred Units were issued in accordance with the Partnership's existing “shelf” registration statement on Form S-3 (Reg. No. 333-259203) for the issuance of up to 3,500,000 of Series A-1 Preferred Units.

Greystone Housing Impact Investors LP Issues 1,000,000 Series A-1 Preferred Units

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In our last article for Greystone Housing, we felt the stock was overvalued relative to its prospects. We showed that the base business was producing very little CAD thanks to interest rate margin compression.

Greystone Housing: Upgrading Despite Risks

Greystone Housing Impact Investors LP (NYSE:GHI ) Q1 2023 Results Conference Call May 4, 2023 4:30 PM ET Company Participants Ken Rogozinski - CEO Jesse Coury - CFO Conference Call Participants Matthew Erdner - JonesTrading Chris Muller - JMP Securities Jade Rahmani - KBW Operator I would like to welcome everyone to the Greystone Housing Impact Investors LP, NYSE ticker symbol GHI, First Quarter of 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Greystone Housing Impact Investors LP (GHI) Q1 2023 Earnings Call Transcript

Greystone Housing Impact Investors (GHI) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $1.02 per share a year ago.

Greystone Housing Impact Investors (GHI) Q1 Earnings and Revenues Lag Estimates

OMAHA, Neb., May 04, 2023 (GLOBE NEWSWIRE) -- On May 4, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced financial results for the three months ended March 31, 2023.

Greystone Housing Impact Investors Reports First Quarter 2023 Financial Results

OMAHA, Neb., April 19, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that it will host a conference call for investors on Thursday, May 4, 2023 at 4:30 p.m. Eastern Time to discuss the Partnership's First Quarter 2023 results.

Greystone Housing Impact Investors LP Schedules First Quarter 2023 Earnings Conference Call for Thursday, May 4, 2023 at 4:30 p.m. Eastern Time

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OMAHA, Neb., March 15, 2023 (GLOBE NEWSWIRE) -- On March 15, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a cash distribution to the holders of the Partnership's beneficial unit certificates representing assigned limited partnership interests (“BUCs”) of $0.37 per BUC. The distribution is payable on April 28, 2023 to BUC holders of record as of the close of trading on March 31, 2023. The BUCs will trade ex-distribution as of March 30, 2023.

Greystone Housing Impact Investors LP Announces Quarterly Distribution

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OMAHA, Neb., March 06, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on March 1, 2023, Vantage at Conroe, a 288-unit market rate multifamily property located in Conroe, TX (the “Property”), was publicly listed for sale by Institutional Property Advisors Texas at the direction of the Property-owning entity's managing member. The Partnership's non-controlling investment in the Property was originated in April 2019 and the Partnership contributed equity totaling $9.0 million during its construction. Construction of the Property was completed in January 2021. As disclosed in the Partnership's previous filings and earnings announcements, the Property reached 90% physical occupancy in the second quarter of 2022 and has maintained physical occupancy near 90% since that date. Based on prior Vantage property sale timelines, the sale of the Property is expected to occur in the second or third quarter of 2023.

Greystone Housing Impact Investors LP Announces Broker's For Sale Listing of Vantage at Conroe

Greystone Housing Impact Investors LP (NYSE:GHI ) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Ken Rogozinski – Chief Executive Officer Jesse Coury – Chief Financial Officer Conference Call Participants Jason Stewart – JonesTrading Stephen Laws – Raymond James Jade Rahmani – KBW Chris Muller – JMP Securities Ron Lane – ValueForum Operator I would like to welcome everyone to the Greystone Housing Impact Investors LP, NYSE ticker symbol GHI, Fourth Quarter of 2022 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode.

Greystone Housing Impact Investors LP (GHI) Q4 2022 Earnings Call Transcript

Greystone Housing Impact had a fantastic 2022. Cash available for distributions increased tremendously and were the highest in the company's history.

Greystone Housing: A Look At The Distribution Coverage For 2023

Greystone Housing Impact (GHI) delivered earnings and revenue surprises of -25% and 0.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Greystone Housing Impact Investors (GHI) Lags Q4 Earnings and Revenue Estimates

OMAHA, Neb., Feb. 23, 2023 (GLOBE NEWSWIRE) -- On February 23, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced financial results for the three and twelve months ended December 31, 2022.

Greystone Housing Impact Investors Reports Fourth Quarter and Annual 2022 Financial Results

OMAHA, Neb., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on February 15, 2023 the Partnership executed an Exchange Agreement to issue 700,000 Series A-1 Preferred Units representing limited partnership interests in the Partnership (the “Series A-1 Preferred Units”) to a financial institution in exchange for 700,000 previously outstanding Series A Preferred Units representing limited partnership interests in the Partnership (the “Series A Preferred Units”) held by the financial institution. There were no net proceeds or other cash consideration paid to or from the Partnership as a result of the exchange transaction. The stated value of the newly issued Series A-1 Preferred Units is $7,000,000. The Series A-1 Preferred Units were issued in accordance with the Partnership's existing “shelf” registration statement on Form S-4 (Reg. No. 333-255475) for the exchange of up to 9,450,000 of previously issued Series A Preferred Units.

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