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HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC - HASI STOCK NEWS

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Rhea-AI Summary
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) reported its second-quarter results for 2023. The company achieved a record first-half volume of $815 million and investment yields above 8.5%. The portfolio yield increased to 7.7%, and the investment pipeline is over $5 billion. HASI plans to discontinue electing REIT status in 2024. Financially, the company delivered $0.14 GAAP diluted EPS and $0.53 Distributable EPS for the quarter. The portfolio and managed assets grew by 4% and 15% respectively. HASI closed $426 million of investments in Q2 2023. The company affirmed its guidance for Distributable Earnings Per Share to grow at a compound annual rate of 10% to 13% from 2021 to 2024. A dividend of $0.395 per share was declared, and a 4% discount was announced for the 2023 Dividend Reinvestment and Stock Purchase Plan (DRIP) for Q3.
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HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC

NYSE:HASI

HASI Rankings

HASI Stock Data

2.77B
109.58M
2.45%
113.43%
12.96%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
ANNAPOLIS

About HASI

hannon armstrong provides debt and equity financing to the energy efficiency and renewable energy markets. we focus on providing preferred or senior level capital to established sponsors and high credit quality obligors, such as u.s. federal, state and local governments, global 1000 corporations and private developers, for assets that generate long-term, recurring and predictable cash flows. our management team has extensive industry knowledge and experience, having completed its first renewable energy financing more than 25 years ago and its first energy efficiency financing over 15 years ago. the company is based in annapolis, maryland and elected and qualified to be taxed as a real estate investment trust (reit) for federal income-tax purposes, beginning with its taxable year ended december 31, 2013. nyse: hasi securities are offered by hannon armstrong securities, llc, a registered broker dealer, member of finra and sipc and subsidiary of hannon armstrong sustainable infrastr