Greystone Housing Impact Investors LP reports strong financial results for the second quarter.

From GlobeNewswire: 2024-08-07 08:15:00

Greystone Housing Impact Investors LP (NYSE: GHI) reported strong financial results for the three months ended June 30, 2024. The Partnership declared a net income of $0.19 per Beneficial Unit Certificate and Cash Available for Distribution of $0.27 per BUC. Total assets reached $1.53 billion with significant investments in Mortgage Revenue Bonds and Governmental Issuer Loans totaling $1.22 billion.

For the six months ended June 30, 2024, the Partnership reported a net income of $0.61 per BUC. The Board of Managers declared a quarterly distribution of $0.37 per BUC, paid to holders on July 31, 2024. CEO Kenneth C. Rogozinski stated they are focused on leveraging market opportunities for investor returns in a volatile environment.

During the second quarter of 2024, the Partnership made significant investment and financing advances totaling $114.7 million across various projects. Additional BUCs were issued under the “at-the-market” program for $1.5 million. The Partnership also received $8.2 million from the sale of an MRB and issued preferred units for $22.5 million.

The Partnership’s investment portfolio remains robust with all affordable multifamily investments current on payments. Hedging strategies with interest rate swaps helped minimize market rate volatility. Joint venture equity investments are stable for three properties and another three are approaching completion by June 30, 2024.

Greystone Housing Impact Investors LP will host a webcast on August 7, 2024, to discuss second quarter results. Participants can join the conference call or webcast to hear about the Partnership’s performance and growth strategy focused on acquiring additional mortgage revenue bonds. The company remains optimistic about investment opportunities for unitholders amidst market challenges.



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