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Greystone Housing Impact Investors (GHI)
NYSE:GHI
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.27Last Year’s EPS
$0.27Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -10.66%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong cash flow and stable occupancy rates, as well as strategic moves to mitigate interest rate risks. However, these positives were offset by a reported net loss, high leverage, and stock price undervaluation, resulting in a balanced view of the company's financial health.Company Guidance
During the third quarter of 2024, Greystone Housing Impact Investors LP (GHI) reported a net loss of $0.23 per unit and cash available for distribution (CAD) of $0.27 per unit. The company recognized a noncash unrealized loss of $9.7 million, attributed to their interest rate swap portfolio, corresponding to approximately $0.42 per beneficial unit certificate (BUC). As of September 30, 2024, GHI's book value was $14.15 per unit with total assets amounting to $1.55 billion and a leverage ratio of 74%. The partnership announced a quarterly cash distribution of $0.37 per unit, paid on October 31, 2024. Their investment portfolio included $1.32 billion in affordable multifamily mortgage revenue bonds and $169 million in joint venture equity investments. GHI's interest rate swaps involved receiving compounded SOFR at 4.90% while paying a weighted average fixed rate of 3.52% on a notional amount of $393 million, leading to expected cash payments of approximately $2.8 million over the next six months. The company's strategic focus remains on maintaining a strong investment portfolio and managing interest rate risks effectively.Strong Cash Available for Distribution
Reported $0.27 of cash available for distribution per unit, reflecting a solid cash flow position despite a net loss.
Stable Occupancy Rates
Physical occupancy on the underlying multifamily properties reached 91.5%, showing stable rental demand.
New Securitization Transaction
Closed a new securitization transaction resulting in $75.4 million of gross debt proceeds, reducing exposure to future interest rate changes.
No Forbearance Requests
No forbearance requests or missed payments from borrowers on multifamily mortgage revenue bonds, indicating strong borrower performance.
Low Exposure to Interest Rate Risk
94.2% of total debt financing is insulated from short-term interest rate changes, limiting impact from market volatility.
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Greystone Housing Impact Investors (GHI) Earnings, Revenues Date & History
GHI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GHI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $12.19 | $11.85 | -2.79% |
| Aug 07, 2024 | $13.94 | $13.50 | -3.16% |
| May 08, 2024 | $14.78 | $14.34 | -2.98% |
| Feb 22, 2024 | $15.16 | $14.96 | -1.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Greystone Housing Impact Investors (GHI) report earnings?
Greystone Housing Impact Investors (GHI) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Greystone Housing Impact Investors (GHI) earnings time?
Greystone Housing Impact Investors (GHI) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GHI EPS forecast?
GHI EPS forecast for the fiscal quarter 2024 (Q4) is $0.27.
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