Greystone Housing Impact Investors LP Releases Q2 2025 Results
Greystone Housing Impact Investors LP Announces Q2 Financials
On a recent afternoon, Greystone Housing Impact Investors LP (NYSE: GHI) shared exciting financial results for its second quarter, covering the three months that ended in June 2025. The partnership, dedicated to providing funding solutions for affordable housing, operates with a mission centered on making impactful investments in communities.
Financial Highlights
For the second quarter, the partnership reported a net loss of $7.1 million, translating to $0.35 per Beneficial Unit Certificate (BUC), on a basic and diluted basis. Despite this loss, the partnership achieved a Cash Available for Distribution (CAD) of $5.7 million, which calculates to $0.25 per BUC. The total assets of the partnership stood at an impressive $1.48 billion, alongside significant investments in Mortgage Revenue Bonds (MRB) and Governmental Issuer Loans (GIL) totaling around $1.13 billion.
Understanding the Financial Metrics
The difference between the reported net income and CAD can be largely attributed to various accounting treatments, including provisions for credit losses and unrealized losses related to interest rate derivatives. This detailed financial breakdown helps stakeholders assess the partnership's operational health.
Quarterly Distributions
In a noteworthy move, the Board of Managers declared a quarterly distribution of $0.30 per BUC, which was successfully paid out to BUC holders on July 31, 2025. This distribution reaffirms Greystone's commitment to providing returns to its investors while continuing to bolster its capital for growth opportunities.
Strategic Remarks from Management
CEO Kenneth C. Rogozinski highlighted the partnership's focus on investments supporting low-income housing tax credit initiatives. In the second quarter, Greystone successfully extended the maturity dates of both corporate credit lines while increasing total borrowing capacity by $30 million. July brought an additional capital commitment of around $60 million from an institutional investor in the BlackRock construction lending joint venture. These actions position Greystone favorably to explore new affordable housing investments.
Investment and Financing Activities
During Q2 2025, the partnership recorded advances and acquisitions totaling approximately $47.6 million across various investment categories, including MRB, taxable MRB, GIL, and property loans. On the other hand, the partnership redeemed and sold roughly $70.6 million in similar investments, indicating a robust flow of capital movement throughout the period.
Portfolio Insights
Greystone confirmed that all MRB and GIL investments were current with respect to contractual principal and interest payments, demonstrating diligent management of borrower relationships. Additionally, its execution of a hedging strategy through interest rate swaps aimed at mitigating the adverse effects of changing interest rates remains a crucial part of its operational strategy. The partnership reported that six market-rate joint venture properties have been completed, with several achieving high occupancy levels.
Earnings Conference Amid Viewer Interest
To delve deeper into the details of its financial performance, Greystone hosted a conference call where investors could ask questions and receive insights directly from management. Participation was encouraged through dial-in calls and a live webcast, showcasing a commitment to transparency with stakeholders.
About Greystone Housing Impact Investors LP
Founded in 1998, Greystone Housing Impact Investors LP aims to manage a diverse portfolio of mortgage revenue bonds aimed at financing construction and permanent arrangements for affordable housing projects, including multifamily, student housing, and senior facilities. With a robust strategy, the partnership navigates through current market conditions, seeking to maximize returns for its investors while maintaining a strong focus on its mission of community impact.
Frequently Asked Questions
What is the net loss reported for Q2 2025?
The reported net loss for the second quarter of 2025 stands at $7.1 million, or $0.35 per BUC.
What was the Cash Available for Distribution?
The Cash Available for Distribution was reported at $5.7 million, translating to $0.25 per BUC.
What is Greystone's focus area for investments?
Greystone focuses on investing in low-income housing tax credit projects to enhance affordable housing options.
How much total assets does the partnership manage?
The partnership's total assets amount to approximately $1.48 billion.
What was the quarterly distribution declared for BUC holders?
The quarterly distribution declared for BUC holders was $0.30, which was paid out on July 31, 2025.
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