Greystone Housing Impact Investors (GHI) AI Stock Analysis

• Market Cap: $271.57M
• Dividend Yield: 12.63%
• Average Volume (3M): 42.91K
• Price to Earnings (P/E): 15.1
• Beta (1Y): 0.34
• Revenue Growth: -26.83%
• EPS Growth: -62.54%
• Country: US
• Employees: 1
• Sector: Financial
• Sector Strength: 82
• Industry: Financial - Mortgages
• EPS (TTM): 0.77
• Shares Outstanding: 23,171,227
• 10 Day Avg. Volume: 49,243
• 30 Day Avg. Volume: 42,908
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 15.50
• Price to Cash Flow (P/CF): 16.20
• P/FCF Ratio: 3.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $16.50
• Price Target Upside: 42.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

Greystone Housing Impact Investors exhibits strong financial health with significant profitability and a robust balance sheet. Despite these strengths, technical indicators suggest a lack of upward momentum, and earnings call highlights reveal some challenges, such as decreased book value and market uncertainties. Valuation is favorable due to a reasonable P/E ratio and high dividend yield. Overall, the stock presents a balanced investment opportunity with notable strengths in financial performance and valuation, but technical and market challenges warrant caution.

Positive Factors

Investment Environment

GHI is well-positioned to take advantage of an attractive investment and lending environment due to strong demand for affordable housing.

Joint Ventures

The company recently entered into a new joint venture with BlackRock to provide construction financing on new LIHTC projects.

Operations Stability

Six of the joint venture projects have completed the construction phase and have stabilized operations, with three achieving occupancy of 90% or more.

Negative Factors

Earnings Impact

GAAP earnings were negatively impacted by a $9.7M unrealized fair value loss related to the interest rate hedges.

Greystone Housing Impact Investors Business Overview & Revenue Model

Company Description

Greystone Housing Impact Investors (GHI) is a real estate investment company focused on creating and managing housing solutions that drive social impact. The company operates primarily within the affordable housing sector, providing high-quality, sustainable housing options to underserved communities. GHI is committed to addressing the housing crisis by investing in projects that deliver both financial returns and positive community outcomes.

How the Company Makes Money

Greystone Housing Impact Investors generates revenue through a combination of rental income from its portfolio of affordable housing properties and fees associated with the management and development of these projects. The company invests in various housing developments, earning income as these properties are leased to tenants. Additionally, GHI may partner with government agencies, non-profit organizations, and private investors to secure funding and subsidies, which enhance the viability and profitability of their housing projects. These partnerships and financial arrangements are critical to supporting the company's mission-driven approach while maintaining financial sustainability.

Greystone Housing Impact Investors Financial Statement Overview

Summary

Greystone Housing Impact Investors demonstrates impressive financial strength with robust revenue growth, solid profitability, and a strong balance sheet. The absence of debt enhances financial flexibility, but there is potential to further improve returns on equity to maximize shareholder value. Overall, the company's financial health is commendable, with strong cash flow generation supporting ongoing operations.

Income Statement

Greystone Housing Impact Investors shows strong profitability with high gross and net profit margins in the latest year, indicating efficient cost management. Revenue has grown substantially, showcasing robust growth momentum.

Balance Sheet

The company exhibits a strong balance sheet with no debt reported in the latest year, significantly improving its debt-to-equity ratio. The equity ratio remains strong, indicating financial stability. However, the return on equity, while positive, reveals room for improvement in generating shareholder returns.

Cash Flow

Operating cash flow is healthy, and the company has maintained positive free cash flow, indicating strong cash generation. The free cash flow to net income ratio highlights effective cash management, despite fluctuations in investing cash flow.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
91.27B	38.18M	90.41M	62.01M	35.73M
	Gross Profit
91.27B	134.25M	-4.65B	55.29M	28.57M
	EBIT
71.62B	17.78M	95.98M	38.16M	7.29M
	EBITDA
81.41B	118.97M	106.39M	0.00	0.00
	Net Income Common Stockholders
21.32M	50.42M	65.56M	38.10M	7.21M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.70B	600.00K	51.19M	68.29M	44.50M
	Total Assets
1.58T	1.51B	1.57B	1.39B	1.18B
	Total Debt
0.00	714.23M	1.11B	892.62M	699.94M
	Net Debt
-14.70B	676.31M	1.06B	824.33M	655.45M
	Total Liabilities
1.20B	1.08B	1.15B	919.04M	721.05M
	Stockholders Equity
383.43B	431.19M	418.12M	466.11M	453.26M
Cash Flow		Free Cash Flow
17.99B	24.14M	19.32M	33.78M	15.42M
	Operating Cash Flow
17.99B	24.94M	21.13M	33.94M	15.84M
	Investing Cash Flow
-105.20B	53.56M	-278.60M	-187.47M	-38.14M
	Financing Cash Flow
70.78B	-123.40M	198.18M	182.47M	102.11M

Greystone Housing Impact Investors Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.62
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GHI, the sentiment is Neutral. The current price of 11.62 is below the 20-day moving average (MA) of 11.65, below the 50-day MA of 12.07, and below the 200-day MA of 11.98, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 47.89 is Neutral, neither overbought nor oversold. The STOCH value of 65.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GHI.

Greystone Housing Impact Investors Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GHI	73 Outperform	$271.57M	15.15	5.12%	12.63%	-26.83%	-62.54%
Sector *	63 Neutral	$12.06B	9.31	8.10%	79.51%	12.80%	-4.67%
IOR	62 Neutral	$71.16M	15.25	3.88%	―	―	-32.53%
VEL	61 Neutral	$570.92M	9.33	14.22%	―	31.74%	29.41%
ONIT	54 Neutral	$221.86M	6.89	7.58%	―	-7.86%	―
SNFCA	54 Neutral	$232.55M	8.78	8.14%	―	5.03%	83.63%
LDI	48 Neutral	$367.68M	―	-31.41%	―	3.76%	16.19%

Greystone Housing Impact Investors Corporate Events

Greystone Housing Impact Investors Reports Q4 2024 Financials

On March 5, 2025, Greystone Housing Impact Investors LP released supplemental financial information for the fourth quarter of 2024, reporting total revenues of $22.6 million and a net income of $0.39 per Beneficial Unit Certificate (BUC). The company advanced significant funds across various investments and completed a notable securitization transaction. Despite challenges in the multifamily markets due to higher interest rates and operating expenses, Greystone sees new opportunities in 2025, particularly with the support of a new joint venture with BlackRock, as traditional affordable housing lenders become more restrictive.