Greystone Housing Impact Investors - GHI STOCK NEWS

Greystone Housing Impact Investors LP (NYSE: GHI) has successfully issued 2,000,000 Series B Preferred Units to an existing institutional investor, generating $20,000,000 in new proceeds. The units, issued on March 26, 2025, represent non-cumulative, non-convertible, and non-voting partnership interests.

The Series B Preferred Units were issued under the Partnership's existing 'shelf' registration statement, which allows for up to 10,000,000 units. The holder has redemption options beginning March 2031 and on subsequent anniversaries. This issuance brings the institutional investor's total investment in the Partnership to $70 million across multiple preferred unit series.

CEO Kenneth C. Rogozinski highlighted that this transaction provides non-dilutive, fixed-rate, low-cost institutional capital to support the Partnership's strategy, while demonstrating their ability to enhance liquidity despite high interest rates.

Greystone Housing Impact Investors LP (NYSE: GHI) has declared its regular quarterly cash distribution of $0.37 per Beneficial Unit Certificate (BUC). The distribution will be paid on April 30, 2025 to BUC holders of record as of March 31, 2025, with BUCs trading ex-distribution on the same date.

The distribution decision was made by the Board of Managers of Greystone AF Manager , which serves as the general partner of America First Capital Associates Partnership Two, the Partnership's general partner. The distribution amount is determined through a disciplined evaluation process considering operating results, financial conditions, and other relevant factors, aligned with long-term BUC holder interests.

Greystone Housing Impact Investors LP (NYSE: GHI) has announced the filing of its Annual Report on Form 10-K for fiscal year 2024 with the SEC on February 20, 2025. The report is now accessible on the company's website, with hard copies available upon request through their Investor Services department.

Additionally, the Partnership has made Tax Year 2024 Schedule K-1 forms available to investors through the Tax Package Support website. Investors can access their K-1 information through existing accounts or create new ones. Paper copies will be mailed to investors who haven't opted for paperless delivery.

Support representatives are available Monday through Friday, 8am-5pm CST, to assist with K-1 related inquiries.

Greystone Housing Impact Investors (NYSE: GHI) reported its Q4 and full-year 2024 financial results. For Q4 2024, the company achieved net income of $0.39 per BUC and Cash Available for Distribution (CAD) of $0.18 per BUC, with total assets reaching $1.58 billion. The full-year 2024 results showed net income of $0.76 per BUC and CAD of $0.95 per BUC.

The company declared a quarterly distribution of $0.37 per BUC, paid on January 31, 2025. During Q4, GHI advanced $36.8 million in MRB investments, $32.0 million in GIL investments, and $11.2 million to joint venture equity investments. The company also completed a securitization transaction of $75.4 million and received $11.5 million from an MRB sale.

Management acknowledged 2024's challenges in multifamily markets due to higher interest rates and operating expenses but expressed optimism about 2025 opportunities, particularly highlighting their new BlackRock construction lending joint venture.

Greystone Housing Impact Investors LP (NYSE: GHI) has scheduled its Fourth Quarter 2024 earnings conference call for Thursday, February 20, 2025, at 4:30 p.m. Eastern Time. Investors can participate in the Q&A session by dialing toll-free (877) 407-8813 for domestic calls or +1 (201) 689-8521 for international calls. The call will also be webcast live in listen-only mode through the Partnership's website under 'Events & Presentations'. Participants are advised to join 15 minutes before the call begins. A replay of the webcast will be available on the Partnership's Investor Relations website.

Greystone Housing Impact Investors LP (NYSE: GHI) has announced the sale of Vantage at Tomball, a 288-unit market rate multifamily property in Tomball, TX, on January 31, 2025. The Partnership's initial equity investment of $11.4 million, originated in August 2020, was fully redeemed, with the company receiving net cash of approximately $14.2 million at closing.

The return on investment was lower than historical performances due to rising insurance costs in the Houston metropolitan area and the higher interest rate environment since their last joint venture equity sale of Vantage at Conroe in June 2023. The Partnership expects no gain, loss, or Cash Available for Distribution from this sale but plans to reinvest the proceeds into new accretive investments across their investment classes.

Greystone Housing Impact Investors LP (NYSE: GHI) has announced a regular quarterly cash distribution of $0.37 per Beneficial Unit Certificate (BUC). The distribution will be paid on January 31, 2025, to BUC holders of record as of December 31, 2024. The BUCs will trade ex-distribution starting December 31, 2024. The distribution decision was made by Greystone AF Manager , based on a disciplined evaluation of the Partnership's operating results, financial condition, and other relevant factors, aligned with the long-term interests of BUC holders.

Greystone Housing Impact Investors LP reported its Q3 2024 financial results with a net loss of $0.23 per BUC and Cash Available for Distribution (CAD) of $0.27 per BUC. Total assets reached $1.55 billion, with MRB and GIL investments totaling $1.24 billion. The company experienced unrealized losses of $9.7 million due to declining market interest rates. For the nine months ended September 30, 2024, net income was $0.38 per BUC with CAD of $0.77 per BUC. The Partnership declared a quarterly distribution of $0.37 per BUC, paid on October 31, 2024.

Greystone Housing Impact Investors LP (NYSE: GHI) has announced a conference call scheduled for Wednesday, November 6, 2024, at 4:30 p.m. Eastern Time to discuss their Third Quarter 2024 results. Investors can participate through toll-free dial-in at (877) 407-8813, while international participants can use +1 (201) 689-8521. The call will also be webcast live in listen-only mode through the company's website. Participants are advised to join 15 minutes before the call begins. A recorded replay will be available on the Partnership's Investor Relations website.