Greystone Housing Impact Investors Stock Price, News & Analysis

Greystone Housing Impact Investors LP (NYSE: GHI) has announced a conference call on May 4, 2023, at 4:30 p.m. ET to discuss the Partnership's First Quarter 2023 results. Dial-in details include toll-free access at (877) 407-8813 for U.S. callers and +1 (201) 689-8521 for international participants. The call will also be available via a live webcast on the Partnership's website. A recorded replay will be hosted on their Investor Relations page. Greystone Housing focuses on acquiring and managing mortgage revenue bonds for financing affordable housing. The Partnership targets growth through leveraging its investments and entering into interest rate risk management strategies. Forward-looking statements highlight various risks, including interest rate fluctuations and market conditions, which could affect future performance.

On March 15, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) declared a cash distribution of $0.37 per beneficial unit certificate (BUC), payable on April 28, 2023. The record date is March 31, 2023, with ex-distribution trading commencing on March 30, 2023. Greystone Manager assesses distributions based on the Partnership's current and projected operating results, emphasizing long-term benefits for BUC holders. The Partnership focuses on acquiring mortgage revenue bonds for multifamily, senior, and student housing, aiming for tax-exempt interest income. For more information, visit www.ghiinvestors.com.

Greystone Housing Impact Investors LP (NYSE: GHI) announced that Vantage at Conroe, a 288-unit multifamily property in Conroe, TX, was listed for sale on March 1, 2023. The Partnership invested $9.0 million during the property's construction, which completed in January 2021. The property has maintained nearly 90% occupancy since Q2 2022. The sale is anticipated in Q2 or Q3 2023, with net proceeds expected for the Partnership upon successful completion, per the operating agreement. Greystone aims to expand its portfolio of mortgage revenue bonds and enhance investment growth, benefiting from tax-exempt earnings.

On February 23, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) released its financial results for Q4 and the full year ending December 31, 2022. Key highlights include a net income of $0.09 per Beneficial Unit Certificate (BUC) for Q4 and $2.62 per BUC for the year, with Cash Available for Distribution (CAD) of $0.15 and $2.37 per BUC, respectively. Total assets stand at $1.57 billion. The Partnership announced a distribution of $0.67 per BUC, the highest level in 20 years. Recent investment activities include a total of $88.4 million in MRB commitments and multiple joint venture equity investments, indicating strong positioning for future growth.