From GlobeNewswire: 2024-05-08 08:15:00

On May 8, 2024, Greystone Housing Impact Investors LP (NYSE: GHI) announced financial results for the three months ended March 31, 2024. Highlights include net income of $0.42 per Beneficial Unit Certificate, basic and diluted, and total assets of $1.45 billion. The Board declared a quarterly distribution to BUC holders of $0.44 per BUC, paid on April 30, 2024.

CEO Kenneth C. Rogozinski emphasized the strong performance of the investment portfolio in the first quarter. The Partnership advanced funds on various investments, received redemption proceeds, and issued Series B Preferred Units. They continue to focus on deploying capital and raising additional lower-cost capital for attractive returns.

The Partnership’s investment portfolio remained strong as all affordable multifamily MRB and GIL investments are current on payments as of March 31, 2024. Seven joint venture equity investments are under construction or in development, with no material supply chain disruptions. The Partnership executed a hedging strategy through interest rate swaps to reduce market interest rate impact.

Greystone Housing Impact Investors LP will host a conference call on May 8, 2024, at 4:30 p.m. Eastern Time to discuss their First Quarter 2024 results. The call is open to investors, with a question-and-answer session. Participants can dial-in toll-free at (877) 407-8813 or access the webcast via the link provided on the Partnership’s website. A recorded replay will be available on the Partnership’s Investor Relations website.



Read more at GlobeNewswire:: Greystone Housing Impact Investors Reports First Quarter