From GlobeNewswire: 2025-02-20 08:15:00

Greystone Housing Impact Investors LP (NYSE: GHI) reported financial results for the three months and year ended December 31, 2024. Net income was $0.39 per Beneficial Unit Certificate, with Cash Available for Distribution (CAD) at $0.18 per BUC. Total assets were $1.58 billion, with $1.25 billion in Mortgage Revenue Bond and Governmental Issuer Loan investments.

In 2024, the Partnership faced challenges due to multifamily market conditions and interest rate volatility. Despite this, opportunities are emerging in 2025. The new BlackRock construction lending joint venture provides a powerful tool to serve affordable housing developers. Recent investment activity includes advanced funds and proceeds from property sales.

The Partnership’s investment portfolio is performing well, with all MRB and GIL investments current on payments. The hedging strategy using interest rate swaps has been effective, with net payments of $1.3 million and $6.5 million in the fourth quarter and year ended December 31, 2024, respectively.

A conference call for investors discussing the Fourth Quarter and full-year 2024 results will be held on February 20, 2025, at 4:30 p.m. Eastern Time. No pin or code number is needed to participate. A webcast of the call will also be available on the Partnership’s website.

CAD is a key measure for understanding the Partnership’s operations. It provides relevant information about operating results and is necessary for a comprehensive view of financial performance. The calculation of CAD adjusts for non-cash expenses and income, providing a more accurate representation of cash earnings.



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