Greystone Reports Resilient 2024 Earnings Amidst Challenges

Greystone Housing Impact Investors Lp ( (GHI) ) has released its Q4 earnings. Here is a breakdown of the information Greystone Housing Impact Investors Lp presented to its investors.

Greystone Housing Impact Investors LP, based in Omaha, Nebraska, specializes in acquiring and managing mortgage revenue bonds to finance affordable housing projects, operating within the real estate investment sector. In its latest earnings report for the fourth quarter and full year of 2024, Greystone Housing Impact Investors LP highlighted a net income of $0.39 per Beneficial Unit Certificate (BUC) for the fourth quarter and $0.76 per BUC for the year, reflecting the challenges faced in the multifamily housing market due to interest rate fluctuations and increased operating expenses. Key financial metrics from the report included total assets of $1.58 billion and investments in mortgage revenue bonds and governmental issuer loans totaling $1.25 billion. The company reported cash available for distribution of $0.18 per BUC for the fourth quarter and $0.95 per BUC for the year. The difference between net income and cash available for distribution was attributed to unrealized gains from interest rate derivative positions, which do not impact cash earnings. Noteworthy investment activities included significant advances in mortgage revenue bonds and governmental issuer loans, totaling over $68 million in the fourth quarter. Greystone Housing Impact Investors LP continues to focus on leveraging new opportunities in 2025, supported by strategic partnerships, such as the joint venture with BlackRock for construction lending. Looking ahead, the company remains cautiously optimistic about the upcoming year, emphasizing the potential benefits of its hedging strategies and the ability to capitalize on emerging opportunities in affordable housing development.